The Problem With Financing Healthcare Reform

The Problem With Financing Healthcare Reform

Healthcare reform seems to be a hot topic in the United States recently, due to the fact that Congress and President Obama want to do an overhaul of the system to provide free coverage to the some 47 million people in the United States who do not have health insurance. The main problem with the plan has not really been the specifics of the plan, but rather the financing behind healthcare reform. With a growing national debt and deficit, the ability for the country to craft an estimated $1 trillion reform package is a bit unrealistic given the current situation we are in.

On top of it all, the U.S. is in an economic recession that has proven to be quite stubborn. Healthcare reform is one of those political issues that everyone can agree needs to be done, but no one can agree on how to do it. This part is simple, if it is going to be done, do it in a bipartisan manner. How do you know a good compromise? You know it when both sides leave the table unhappy. What Congress and the government need to work out is how to pay for it all. Logic would tell you that since we are in an economic crisis, then we should hold off until that passes. Since no one seems to be realizing that, then we need to look at the best ways to make it possible. What Democrats are proposing is raising taxes. This is a controversial move, it always is, but it would raise some income to begin funding reform. Another way is to slash government spending, which is not being done enough in this case. Banning pork barrel bills and cracking down on welfare fraud would save billions of dollars every year.

In the end, if healthcare reform is going to be done, it will be done through a complicated method. The politicians may raise taxes, but just won’t tell us. The current proposal is to tax the rich, but somehow that always trickles down to the middle class. On top of that, small businesses are going to have to pay a fee, which will hurt them even more. It is important to remember that this is an issue that the vast majority of people agree needs to be taken care of. If that is truly how they feel, then they may have to bite the bullet. Sadly, financing healthcare reform is not an easy task and the way things are going is proving that correct. 

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