Obamacare Could Be a Good Thing


By Bernie on 01 Dec 2011




read-speaker


Obamacare
Photo Credit: conservative50plus.com

The problem with healthcare in America is that people live too long. Twenty years from now Medicare will be providing health care coverage for 78 million Americans 1.

Contrary to what most leftists believe, the US spends more on healthcare per person than other developed countries 2, more than $6,500 per person. Interestingly, in 2004, almost half of all healthcare spending was used to treat just 5 percent of the population. Clearly, we need to do something about that 5% which most likely is the very old.

So I am now thinking that perhaps Obamacare is not such a bad thing. Certainly the bureaucracy which will run Obamacare will be no different than the Post Office and so in this regard we can expect to lose some 25 to 30 percent of those who are truly sick simply from incompetence and stupidity.

And if Obamacare begins rationing medical care, those 5% who cost almost half of our healthcare expenditures will not be covered at all.

In this manner our healthcare costs could be reduced by 75 to 80%. Obamacare could be a good thing. Ignoring for a moment those who die unnecessarily.





Notes



(1):

Centers for Medicare and Medicaid Services, 2009 Medicare Trustees Report [PDF]

Page 35:

2009 Medicare Trustees Report

(2):

The Henry J. Kaiser Family Foundation, Health Care Costs: A Primer [PDF]

The U.S. spends substantially more on health care than other developed countries.

...

According to OECD data, health spending in the United States was $6,037 in 2004. This amount was about 13 percent higher than in the next highest spending country, and about 90 percent higher than in many other countries that we would consider global competitors. As a share of GDP, health care spending in the United States also exceeds that of any of its European counterparts by several percentage points.






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