This article is about the new health care bill that Congress had made the bill that would create affordable health care for all Americans. The principal for the "universal" coverage is creation of a new government-regulated insurance "exchange" where private companies would sell policies in competition with the government. Federal subsidies would be available to millions of lower-income individuals and families to help them afford the policies, and to small businesses as an incentive to offer coverage to their workers. Large firms would be required to cover workers, and most individuals would be required to carry insurance.
The articles link:
http://www.philly.com/philly/wires/ap/business/67268562.html
Subscribe to:
Post Comments (Atom)
Wow, I am really happy there is something being done. This has been a very importatn topic to me that I have been looking into. Thanks for the great info!!
ReplyDeleteTaking medical coverage away from the free market and putting it under a government regulated system may seem like a good idea, but will have drastically negative affect on the market in the long run. Consider that under this new bill, doctors will receive a cut in pay due to a price ceiling on their services. This will cause less doctors to pursue the field of medicine in the long run. At the same time this is happening, people who normally wouldn't have gone to doctors for various concerns, such as a sprained ankle, will now flood the market. This will result in less producers and more consumers and will take the market away from its equilibrium. Consider that in Canada, a socialized system, even with a serious concern, such as a collapsed clavicle, a patient may be told to wait for up to 5 hours. As well, consider that a cut in pay will result in inferior service, as can be seen in a grocery store bagger vs a waiter. This bill is not economically sound and will ultimately result in a decreased standard of living.
ReplyDelete