Thursday, July 23, 2009

To the Opponents of the President's Health Care Reform Plan: Why Do You Hate America?

To the Congressional opponents of health care reform, and their pals: So, you like the status quo on health care, eh? But what was that your friend Sarah Palin said? Only dead fish go with the flow.

The facts support implementing health care reform now. For example, according to a report published last June by the White House Council of Economic Advisers:

[H]ealthcare spending, which currently accounts for about 18 percent of the country's economic output, could reach 34 percent by 2040 if the current rate of cost growth continues. The report called that outlook "unsustainable."

Most working Americans with health insurance get it through their employers and the study said rising costs have increased insurance premiums and cut into workers' wages. A reform that reins in costs would improve economic efficiency and boost economic output by more than 2 percent in 2020 and by 8 percent in 2030, the report concluded.

That would translate into $2,600 in higher income for a family of four in 2020, rising to $10,000 by 2030, the report said. Since about half of healthcare costs are paid by federal, state and local governments, their budgets also would benefit greatly by reform, it said.

Providing medical coverage to the uninsured will also help the economy by improving the overall well-being of the work force -- providing a net benefit to the economy of about $100 billion a year, the report said.

Without the overhaul, the number of uninsured Americans would rise to about 72 million in 2040, it said.

(Via Reuters).

The status quo cannot continue. Let's just get the necessary changes done now, folks.

Check out the full video of last night's press conference by President Obama on the topic of health care reform.

2 comments:

  1. Hi Amy,

    I did some quick calculations and I was curious if the numbers you used include inflation. Specifically in this paragraph:

    "That would translate into $2,600 in higher income for a family of four in 2020, rising to $10,000 by 2030, the report said. Since about half of healthcare costs are paid by federal, state and local governments, their budgets also would benefit greatly by reform, it said."

    ReplyDelete
  2. Hi Steve,

    Good question. The Report explains the assumptions and models used in its analysis. You can view these details by going to: http://tinyurl.com/l5gk52 and clicking the link to the PDF of "The Economic Case for Health Care Reform".

    ReplyDelete