Tuesday, June 23, 2009

Obama Health Care-Not

So, Obama wants to spend $1 Trillion over the next ten years to provide Health Care for 16 million uninsured Americans. Nevermind that this number isn't set in stone, and is a fraction of what the actual cost will be, but for argument's sake, we'll use it. Here are the numbers broken down, $1 Trillion divided by 16 million is $62,500 per person over a ten year period. Hmm... I have Kaiser, and I pay about $350 a month, which is a total of $4,200 per year. Using 4% (average projected growth rate for Health Care Costs), after ten years, the total cost of Health Insurance for me will be $50,426. If the Federal Government paid for these people to have my Health Insurance plan, after ten years the cost would be $807 Billion. For some reason, can't put my finger on it, I almost believe it would be better if the Federal Government just bought these people a Health Insurance plan.

This does not even take into account that family plans cost less per person than individual plans. This does not take into account that if the Federal Government just purchased Health Insurance for the uninsured, 3.8 million more uninsured would get coverage than the proposed 16 million. Knowing that the insured burden the cost of the uninsured, this does not take into account the realized savings that would occur for people that pay for their own insurance. Hence, making Health Care more affordable. These are just a few of the financial considerations that come to mind.

We all know how efficient the DMV, AmTrak, Social Security Administration, Post Office, etc. are. Oh wait, they're not. It's okay though, 60% of Americans pay Federal Income Taxes; the other 40% are too poor to, but they'll be the ones receiving this benefit at public largesse and won't trouble themselves with whatever future price tag that comes with it. I ponder the thought that the Democrat Party is buying the Public. Hmm... at least 40% of them, and there are enough useful idiots in the other 60% to help ensure Democrat dominance in future elections. If only the milquetoast Republicans could make the argument that this is a theft of Liberty. Oh, forgot, under Bush they created Prescription Drug Coverage for Seniors. Shall we say cheers to the proposed Obama Health Care-Not Plan?

No comments: