Tuesday, July 22, 2008

AMERICA'S HEALTH CARE SYSTEM TO SOON BE UNSUSTAINABLE

Federal Reserve Chairman Ben Bernanke has stated that healthcare spending will continue to be the largest component of overall consumer spending -- and is expected to keep rising -- is proof that the national healthcare situation will soon be unsustainable:

  • Medical spending and price increases are rising exponentially more than national income or the rate of inflation.
  • Most notably, the reform proposals of Sens. Obama would only aggravate the issues, as it would not change the path we're on but merely put more people into coverage
Many of the proposals are trying to achieve universal coverage by making health care more affordable, but they would actually drive up the cost by increasing mandates and regulations on insurances.

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