Daily News Updates - Health Insurance News

More on the ‘Hack and Sack’, Pt.5 – Reports are good, but decisions are ahead.

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More and more experts are jumping on board, as the health insurance/care plan evolves, even more experts get involved. One of the recent experts of note is Kenneth E. Thorpe. Hailing from Emory University, Mr. Thorpe is "an authority on health care costs,” explained by Mr. Sack. Mr. Thorpe was deeply involved in the creation of the Clinton health insurance/care plan back in 1993. As Mr. Thorpe gave careful assessment to the Obama plan, his written response was: “If all of Obama’s proposals were enacted, they would reduce national health spending by between $203 billion and $273 billion by 2012.” His calculations signify that the federal government would benefit from half of those health insurance/care savings.

It is also important to note that not all of the savings will be in the form of cheaper health insurance. But to be sure, the savings will be received by consumers in other ways also. The government plan is to pass along its savings in the form of less taxes or more comprehensive health insurance benefits.

The employers will also benefit from these savings and it is intended that they will pass these savings along to their employees. At least that’s the hope, knowing that the ‘job free-market’ plays by it’s own rules. With the ‘Farengi-stiled’ economy we’ve ‘enjoyed’ for the last 8 years, some experts doubt if all factions will corporate and if these ‘ideal’ goals are politically or fiscally realistic. Mr. Sack summarizes this problem with the caution: “One person’s fraud and abuse is another person’s income.” Any time we take money from someone’s pocket to ration health insurance/care for the general public, you are bound to meet stiff resistance. To be sure, money is always changing hands. We can either take it from our children who have not yet come of age in the form of a $quad-kazillion dollar national debt and give it away to our billionaires. Or we can hold to the once-important dream of escaping the feudal days where the King and his barons held all the gold and power, and provide a land where all of our citizens are afforded some quality of life.