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 Posted: Wed Nov 12, 2008 7:26 pm Post subject: Obama's health care plan? $75 billion to cover 95% of all A |
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http://news.yahoo.com/s/nm/20081112/ts_nm/us_usa_obama_healthcare
The article presented here for fair use, and to show ALL Americans how
much the caring Democratic party cares about ALL Americans, as opposed
to the Republican party, who have showered no-bid contracts to
entities such as Dick Cheney's Halliburton, Blackwater Consulting, and
the domestic manufacturers of the tools of war, death, and
destruction.
Notice that the study was done by the vaunted PriceWaterhouseCoopers
companies. Also notice that the companies that deliver healthcare are
expected to receive less income, but that will be greatly offset by
the relieving of the burden those deliverers of healthcare have to
spend dealing with redtape.
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Obama health plan to cost $75 billion: analysis
2 hrs 10 mins ago
WASHINGTON (Reuters) – President-elect Barack Obama's plans to
overhaul the U.S. health care system would cost the federal government
$75 billion but would provide health insurance for 95 percent of
Americans, consulting firm PriceWaterhouseCoopers said on Wednesday.
This works out to about $2,500 per newly insured person, the firm said
in a report.
"The plan would increase to $1 trillion cumulatively by 2018 or
approximately $130 billion per year," the report said.
While the plan would extend health insurance to two-thirds of the 47
million people who currently lack it, the overhaul may worsen some
problems, such as a shortage of primary care doctors, the analysis
found.
"Unless costs are cut, growing health care costs will increase the
costs of Obama's plan dramatically over time and reduce the
effectiveness of mandates. This could make the federal costs
unsustainably high," the report read.
"Because of the deficit and financial crisis, there's unlikely to be
any new federal money available, so health reform may require
reallocation of dollars already in the health system."
But some of the money could be recovered from payouts made to
hospitals that care for the uninsured, the analysis found. It found
that $25 billion, or about a third of the cost of Obama's plan, could
come from existing payments to hospitals for uncompensated care.
"Obama's proposal is likely to increase revenues but lower margins for
providers, pharmaceutical companies and health plans that increasingly
depend on government payment," the report read.
Some people have suggested that dealing with the global financial
crisis outweighed the need for immediate health care reform, but
PriceWaterhouseCoopers said they were not mutually exclusive. For
instance, health reforms could spark new mergers and acquisitions, it
said.
"The financial crisis and culminating market forces could accelerate
health reform, not be a roadblock," the report read. |
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mike3
Guest
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| Posted: Wed Nov 12, 2008 7:56 pm Post subject: Re: Obama's health care plan? $75 billion to cover 95% of al |
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On Nov 12, 12:26 pm, psyber_operati...@yahoo.com wrote:
| Quote: | http://news.yahoo.com/s/nm/20081112/ts_nm/us_usa_obama_healthcare
The article presented here for fair use, and to show ALL Americans how
much the caring Democratic party cares about ALL Americans, as opposed
to the Republican party, who have showered no-bid contracts to
entities such as Dick Cheney's Halliburton, Blackwater Consulting, and
the domestic manufacturers of the tools of war, death, and
destruction.
snip |
Which of course just goes to show that both parties are not great.
Now lets see the Iraq/Afghanistan wars STOPPED and the resulting
spending
diverted to better things. |
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