Tuesday, November 14, 2006

We need to fix the economy

Whether this President wants to admit it or not, the economy is in trouble. There are article swirling all over the net with titles like “Bush's Chernobyl Economy; hard times are on the way” and “Can Anyone Steer This Economy?” Just saying the economy is great doesn't make it so; the US has to find a way to better compete in a global market place.

The thing I have been advocating for a while is an over haul of our health care system and installing some sort of universal health care system. The whole universal health care system debate should not be whether it is a human right, but rather it should be that this is a huge economic issue. Health care is crippling this country in the world market.

From Business Week:
"Politicians and economists have mainly thought of health care as a cost that is dragging down competitiveness. Health-care spending is the main source of long-term federal, state, and local budget deficits, the prime gobbler of national savings, and one of the biggest tax distortions, in the form of the tax exemption for company-provided health insurance."
Health coverage for every American wouldn't help just those with out insurance. If every American were covered it would left a huge cost off the backs of American employers. It would effectively give more money schools (everybody says better education leads to a better economy) again by lifting a huge cost of the backs of schools.

I love the idea that Howard Dean has to give everyone under the age of 25 health care (even though it doesn't help me). That would be a huge step in the correct direction, even though The President would probably veto it. Another idea that has been kicked around is national emergency health care coverage, meaning that the national coverage would only kick in after medical costs reach a certain amount. Again I think that is a great idea, it would help ease the transition. Maybe each year the amount that it kicks in could lower a bit.

There are a lot of smart people in this country, some of them should be able to figure this out. Start brainstorming on how to get this ball rolling!

Here is the Business Week article called “Can Anyone Steer This Economy?”

2 comments:

Anonymous said...

Health care in this country is my pet peeve. I am one of the huddled masses without health insurance -- can't afford it since I work for a minor charitable organization (animal shelter). My solution is to tax the "bad" fast foods (burgers, fries) and we'd have more than enough to pay for health care PLUS pay the unemployment of laid-off insurance folks, laid off because they would have nothing to do.

InterrupT said...

I would say that we should have some sort of national sin tax on alcohol and tobacco products. There really are all sorts of ways to raise money for some sort of national health care coverage that would amount to most people noticing little if any change in the amount of money they pay in various taxes. I don't really see that as a problem. The biggest problem in this country is the political will power of those in office to change the health care system.