Future Of The Nation’s Healthcare System
While the economy is what most Americans are primarily worried about these days, the looming question about healthcare still remains. The outcome of next month’s elections may very well determine the course of the nation’s healthcare system for the next decade and beyond.
While each candidate has markedly different proposals on how they would implement healthcare in this country, neither has any solution on the main reason why premiums are rising so fast, namely skyrocketing medical costs. Their plans mainly center on how they would implement insurance coverage and on ways to pay for them.
With the federal government already spending obscene amounts of money attempting to solve the financial crisis, nearly $2 trillion already, how much will Congress be willing to allocate to healthcare in the next few years. Something also to consider is that AIG is not the only struggling insurer and that the insurance industry may very well require it’s own bailout package before every thing is said and done.
Only one state in the country, Massachusetts, has made an attempt at installing universal healthcare coverage. While some believed they may act as a model for other states to follow, Massachusetts is quickly finding out that it is much more expensive than originally thought.
In order to fund their healthcare program, the state has had to raise cigarette taxes as well as turn to the government for federal assistance. At this point it is still uncertain if the their attempt will have any long term success.
Until something is done to try to control rising medical costs, there is just no way you can reasonably attempt to control rising insurance premiums, it’s impossible, the two go hand in hand.
