Friday, December 25, 2009

Good Morning America

The price we pay
Any legislation that passes is bound to be costly -- but no one knows how costly it will be. The nonpartisan Congressional Budget Office estimates the Senate version will cost $1 trillion over the next decade.

But then, when Medicare was originally passed in 1967, it was estimated that the hospital insurance (Part A) would cost about $9 billion annually by 1990. By 1990 the actual cost to the government was $67 billion! Since then, Medicare has been expanded to include catastrophic coverage and also Part D, prescription drug benefits.

Thursday, December 24, 2009

why now

Over 75% of the medical insurance in this country is paid for by employers.Forty years ago or so employers had turned over the administration of heath care plans to insurance companies. Apparently it didn't work as well as people had thought. So why is our government now turning to insurance companies? Maybe I missed an important piece here?

did anyone notice?

Six months ago we went from Health care for everyone to everyone is required by law to purchase medical insurance? Health care and medical insurance are two different things