Personal Finance. Is Obamacare the Answer?
Dear Reader,
Perhaps you are one of many Americans today facing our country's decline in jobs and money.
What is it, or why is it that jobs are more scarce and money is less attainable? How will we deal with that in the future and times to come?
Is Obama care the answer? Is Medicare or Medicaid the answer? What long-term effects will it have on our nation and our people?
These are the questions! Hopefully, I can provide some answers or at least insight! Thank you for stopping in for another of my articles.
Recent News on Medicare and Medicaid!
Dear Reader,
This morning on the radio, 90.9 FM, I heard about a current situation in our world, in our economy, in the United States.
The current situation with more and more citizens today, is the need for health care. The fact is, that many families for example, who were earning 27,000 a year did not qualify for Medicaid health insurance provided by the government so the government recently changed the eligibility for free health care, or Medicaid, which is part of Obamacare, to be available to citizens who were not eligible, by changing the eligibility from 25,000 as the most you could earn to be eligible to 27,000. So now, more families and unfortunate citizens who have been victims of our economic situation are able to get the medical care they need.
IS THIS CHANGE GOOD?
For most people, they would say it's good. But in reality and in fact, this is making people less powerful and the government more powerful. The leaning of individuals on government will have consequences!
CONSEQUENCES OF OBAMACARE
Some of the consequences will be,
- Once more and more citizens become government assisted, if a republican president acquires office, it will be almost impossible to change or cut off the assistance or give a replacement option.
- Since more people are acquiring and eligible for Medicaid, the private insurance companies are being dwarfed, and eventually the government assistance will be more prevalent.
What is bad about Obama care?
Well initially, it doesn't seem bad. It's all good, it's helpful right? But the fact, according to 90.9 FM news today, is that some of the less attractive parts of Obama care will be overlooked.
It appears in the pie chart above, that most government spending is going to health care.
This subject matter of personal finance (in this case, lack of money) and health care are definitely becoming linked!
What is next?
All I can tell you, from the latest news and events, is the country is slowly changing for the worst. And of course this is not news. Most of us who keep up with current events already know that.
