How My Health Care Is Funded
I was asked “how my health care is funded” in some blog comments section by some “healthcare” “reform” advocate going on a particularly-desperate fishing expedition. I’ll repeat what I said here (best I can from memory), figuring if it’s really going to be an issue I may as well get it down on the record
My health care is funded the same way as that of most other people: The U.S. Government gives my employer a fiscally-irresistible tax credit for garnishing my paycheck and giving it to some insurance company. Another way to say this is that if my employer paid me my full salary, and didn’t garnish my paycheck and give it to some insurance company, the U.S. Government would slap my employer with an extra punitive tax for hiring and continuing to employ me.
I really, really wish they wouldn’t!
Indeed I wish I could keep as much of my full salary as possible (and spend it how I preferred, rather than how the U.S. Government preferred). If that were so, I might indeed choose to spend the difference on an insurance policy for myself. Or, I might not. (Or I might choose to buy a cheaper policy for emergencies only, I might choose to shop around for some other company that hadn’t cut a deal with my employer, or whatever.)
Imagine that.
All obama will do is outsource anyways. Just think about the all the lobbyists flocking to Washington DC because of obama’s reckless over-spending of $2 TRILLION in just 6 months, which alone is increasing the National Debt by 20%.
Politicians take people’s money and reward the large corporations, in this case companies in the health care industry, since they have the money to more effectively lobby politicians. In the end smaller businesses will be hurt.
Politicians will only reward companies that will be in their best political interest. Honestly, when can you really trust politicians since they are basically professional liars, and being president just means you are the best liar of the time. Why not just give the money directly from the people to the companies and take politicians in government out of the equation?
obama is going to recklessly spend TRILLIONS of tax payers’ money just to give insurance to about 25% of those who do not have it. Over 50% of people’s income go towards taxes, just imagine how many more people will afford health care insurance if their income is almost doubled because of dramatic tax cuts.
Competition is what is needed. It lowers prices of products and services, along with developing new innovations. All of which will benefit consumers. You need to remember that monopolistic tendencies can also apply to government.
The reason why the cost of insurance is high is because politicians in government mandate insurance companies to increase their premiums to pay for ridiculous things. In addition, politicians put up regulations so that Americans are not allowed to get insurance from another state and use the coverage in their own state. This reduces competition making it more expensive for people to get insurance. On top of that medical professionals are not allowed to freely practice their profession in any US state without taking a long and tedious licensing process. This again increases the cost of medical insurance.
In the end, the problem with most economic issues is too much government intervention of the economy by politicians, who will only tend to do things for political self interest. Just like how obama nationalized GM to pander to its unions. Politicians can barely run government, yet people think they can run a multi-national auto manufacturing company?
The solution is SMALLER government, LESS spending, and LOWER taxes.