Friday, February 19, 2010

Health Care Reforms in America

America is spending 17.3% of its GDP on health care and still does not have universal health care. There is no question that America needs Health Care Reform. However meaningful health care reforms are not possible without addressing controlling the spiraling health care costs. This requires

1. Tort reforms to limit the liabilities of medical profession

2. Immigration reforms to collect taxes from illegals as they do use related
services.

3. Efficiency i.e. single payer system vs. current system.

The approach taken by Obama and Democrats thus far does not address cost issues as Trial Lawyers are one of the biggest donors to the Democratic Party and the Democrats have no guts to stand up to the unions. On the other hand, the Republicans must realize that the current system has not worked and should look at a single payer system with supplemental benefits being provided by the private sector.

Further Obama's mistake of giving health care reform number one priority during a deep recession has caused loss of public support for health care reforms making it difficult to pass any related bill. What Obama and Democrats need to focus first on is economy and job creation. The health care reform should be handled later in a bipartisan manner.

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