I need help understanding why all the hoopla about socialized healthcare? Especially when I consider how much we’re spending on presidential weekends to Mar A Lago, and the cost for protecting the First Lady and her son so they don’t have to move into the White House. How many lives could that money have saved?
Other capitalistic countries like Germany, Great Britain, and Canada have socialized healthcare. Considering that there is no such thing as a pure capitalistism or pure socialism, where does the conundrum come in when Congress debates healthcare?
And why is it that a nation like Cuba, one of our closest neighbors and a developing country, has healthcare better than ours? In fact, Cuba is a model we might want to consider borrowing from because it has about the best health care system in the world. Forget about that fact that we turned our backs on Castro’s Communist regime. Once again, there is no such thing as pure communism, especially now with an open trade agreement between the US and Cuba.
Doesn’t this conjure up high school history lessons on the benefits of being a member of the ruling class, while everyone else struggles with finding solutions for life’s challenges that the proletariat take for granted? Not to mention the fact that the new health care bill that passed the House will eliminate benefits for those who are mentally ill and suffering from addiction, while providing tax credits to insurance companies that are already making huge profits.
And yes, there will be a clause that gaurantees coverage for those with preexisting conditions. But, for those who are terminally ill, or have debilitating illnesses, that will come at an additional cost because the new healthcare plan looks to place them in a high-risk pool. So, even if they can get coverage, most will not be able to afford it.
Not to mention those who were depending on expanded Medicaid. Many will now be forced to find healthcare in the private sector. And for those who let their insurance lapse because they can no longer afford it, there will be a 30 percent penalty to pay, if you can find affordable insurance in the private sector. For many Boomers, who are too young to qualify for Medicare but considered too old to work, that could prove devastating. Plus, Health Savings Accounts are useless if you don’t have enough disposable income to take advantage of one.
One estimate for the number of people who will lose health insurance is around 24 million. Another estimates 52 million could lose coverage by 2026, once states are required to assume the majority of the healthcare costs that were once federally funded. Those who will gain the most from the Republican plan will be those in the upper income brackets.
So, what are we to think? Will the Affordable Heath Care Act work as an incentive for insurance companies to open up competition and lower the costs of healthcare? Will opening the market across states offer more affordable options? Or will more people lose their insurance, or opt out as we watch costs rise?
Any thoughts on this? I’m especially anxious to hear from those living in, or from countries with affordable or socialized health care. How does it work for you?