Friday, July 3, 2009

Health Insurance - you want it, you got it... and you just have to pay for those that can't

The latest proposed legislation regarding health insurance is a costly one. I am sure everyone was excited about Obama's promise of insurance for everyone, including the alleged 50 million uninsured Americans. Well, that reality may be just around the corner. In a time where the economy seems to be shrinking, this legislation proposes that carrying health insurance be required for everyone, all the time, just like car insurance. Additionally, those that choose not to purchase health care will be fined ($1,000 fine per individual, more for families). There will be government subsidies available or the poor, and it will be interesting to see how they use (if they use it). Finally, there will be still be increased taxes to offset the costs of the health care system and cuts for Medicaid and Medicare. So if you have made the choice not to carry health insurance up to this point, the decision is no longer yours (for all you pro-choice folks out there). Hopefully the health care system works a bit better than the car insurance system. I just wonder if there will be a "Safe Auto" or a "Geico" option out there...

http://news.yahoo.com/s/ap/20090703/ap_on_go_co/us_health_care_overhaul

1 comment:

Anonymous said...

That is scary. What about the middle class with children and a mortgage. They generally don't meet government standards for any kind of help. They work hard and struggle on a regular basis. The middle class will truly be the ones who suffer for this. Government should not have this much control. How has it gone this far? The only problem is, there is no better place in the world to live... We really have no choice but to fight for change.