Tag Archives: Medicaid

News

How is government-run health care working out in Canada?

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Political Map of Canada
Political Map of Canada

This Vancouver Sun story was linked at Unambigously Ambidextrous and the Heritage Foundation. (H/T DJ)

Excerpt:

Dr. Brian Brodie, president of the BC Medical Association, called the proposed surgical cuts “a nightmare.”

“Why would you begin your cost-cutting measures on medically necessary surgery? I just can’t think of a worse place,” Brodie said.

According to the leaked document, Vancouver Coastal — which oversees the budget for Vancouver General and St. Paul’s hospitals, among other health-care facilities — is looking to close nearly a quarter of its operating rooms starting in September and to cut 6,250 surgeries, including 24 per cent of cases scheduled from September to March and 10 per cent of all medically necessary elective procedures this fiscal year.

Now consider this story about elderly patients and euthaaisia, from the Washington Examiner. (H/T ECM)

Excerpt:

“I recommend that you seriously consider a “do not resuscitate” order, said the seemingly nice man in the white coat. “He has diminishing quality of life. And, if he has an infection or illness, we can provide comfort care for him.”

[…]An emergency room doctor made similar comments. She suggested that I did not need to feed him now that he was unable to feed himself–in essence suggesting euthanasia for a man who simply had an infection treatable with antibiotics.

[…]Despite the persistent infection, Dad was discharged because his temperature fell one-tenth of one point below the Medicare guideline for hospitalization. I begged the doctor to let him stay, citing his Blue Cross Blue Shield coverage. The doctor insisted that Medicare ruled and that my father was safer outside of the hospital where he would be less likely to contract a secondary infection.

I did what most people do; I trusted the authoritative person in the white coat. It was a fatal mistake. The lingering infection led to complications that killed him a few weeks later.

Rationing of care to the elderly is already taking place in government-run programs like Medicare. I don’t think we should expand government control any further.

This is the problem with making health care “free”. Everybody wants to use it. So demand is HIGH. But the government doesn’t have unlimited money, so supply is LOW. That’s why there is a SHORTAGE. And that’s why waiting lists, rationing, euthanasia and service cuts are needed.

Commentary

Can we tax the rich enough to pay for all of Obama’s spending?

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The libertarian Cato Institute says no way. (H/T ECM)

Excerpt:

Funding the new health-care plan on the backs of households making $200,000 or more per year would require permanently increasing their annual total tax payments by about 50 percent. So, for example, a household that currently pays $50,000 in federal income taxes would need to pay another $25,000. Remember, however, that Social Security and Medicare already face enormous shortfalls. Shoring up these programs — another Obama campaign promise — would require collecting 328 percent more tax revenue from the rich. No, we didn’t forget a decimal point: That is three hundred and twenty-eight percent.

And what follows from taxing the rich?

[…]A major tax increase causes the tax capacity of the rich to shrink gradually as two factors kick in. First, many of the households falling into Obama’s “rich” definition are married couples in which both partners are working professionals. When tax rates rise, the lower-earning spouses in these couples tend to work less. Often, they quit work entirely. Second, many of the “rich” are budding entrepreneurs and small-business owners. They finance their operations using their own after-tax income, or with after-tax resources from family and friends. Small-business innovation is the fuel for long-term economic growth. In fact, many of the largest companies in the United States today were either small or nonexistent just 25 years ago. Killing small business kills the American economy.

Why do ivory tower socialists like Obama seem incapable of thinking through the consequences of his utopian policies for all parties concerned? You can’t assume that people are just going to sit there and let you rifle through your pockets to redistribute their money to everyone who voted for you.

(By the way, if you are thinking that “preventative care” will cut medical costs, think again. The CBO says no way.)

Commentary

Keith Hennessey explains the looming crisis of entitlement spending

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This is the best post I have ever seen on the problem of demographics and entitlement spending, which is due to explode in about a few years. I’ll summarize so that you will click through and read this post for yourself. There is almost no text in the post, it is all graphs, and they are self explanatory. It will take your about 5 minutes to scare yourself into a coma.

Summary of the post:

  • There are 3 entitlement programs: social security, medicare and medicaid
  • These programs are funded by taxes on young people who are still working
  • These 3 programs currently cost 9% of GDP.
  • By 2050, the costs will have doubled to 18% GDP.
  • Some of this increase will be due to excess growth in health costs
  • And some of this increase will be due to demographics

Let me talk more about the demographics problem:

  • More people are living longer
  • That means that benefits are being paid out over more years, per person
  • A huge group of babies from the Baby Boom started retiring in 2008
  • But the number of younger workers who pay their benefits is not growing fast enough
  • The number of workers needed to pay each retiree’s benefits is shrinking
  • Taxes will have to increase, or benefits will have to decrease

Please read the article. It will help you to put Obama’s massive spending and tax hikes in perspective. By the way, this is a great post to forward to your friends and neighbor’s who voted for Obama who do not like to read about economics and finance.