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Originally Posted by Ghostwriter
The problem as I see it is that long term this program is not sustainable. (reference Medicare, medicaid and Social Security) We (the U.S.) already are in debt up to our ears. How do we pay for these programs?
If one really believes that Health Care for everyone will ultimately save us money and not effect our national debt I really think they are mistaken. When you have to cover everyone the premiums will go up as the risk is now greater. Small insurers will not be able to compete because they can not make money and they will go out of businesss or be gobbled up by larger companies. The effect is that there will be less competition. Private companies will find it easier to pay the % fine to the Government instead of offering their employees health insurance coverage as it will be cheaper. Ultimately, as the premiums increase and competition decreases there will be a renewed call by the left for Nationalized Health Care. This will in turn have to be paid for by increased taxes and fees and we will be left to foot the bill. As with anything the Government runs the quallity and service will diminish and the price will escalate due to the inherent inefficiencies of our out of control bureaucracy. Let's face it. Our fiscal house is a disaster and if we keep going down this path we are in really big trouble. I am truly worried about the fiscal stability of our country. I see a time when our bonds are junk and the Chinese will call us on them.
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Actually, things should be less expensive as more people are covered because there is a mandate that all people have insurance including the young, healthy citizens. This bill doesn't give free insurance to every citizen. It requires everyone to buy insurance. The risk is spread around so cost decreases. As you have seen recently in California when the recession hit and all the healthy people dropped their coverage, leaving all the chronically ill people on the rolls of Blue Cross, the rates skyrocketed. Adding people to the insurance rolls brings down the risk and costs. Why do you think they made everyone get insurance?
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