Daily News Updates - Health Insurance News

Next President’s Health Insurance, Pt.3 – The high tide of the ‘Perfect Storm’

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So here we have the conundrum; which plan will take us to a resolve of this health insurance/care crisis? Unfortunately, we may have to wait a while for either one. No matter who wins the election, we will have to deal with the problem with the almost $500-billion budget deficit as well as the crisis on Wall Street. The prospect that, economic conditions are expected to continually worsen has placed health insurance/care on the back burner. Our next president will have little wiggle room to affect any major health insurance/care reform for some time.

The best we can hope for now are incremental reforms. About the only place to draw funding finance will be from cutting out funds from one area in order to fund another. One of the key issues that may move forward is the SCHIP (State-level Children’s Health Insurance Program). Congress is already predisposed to move on this and will likely proceed on their own. Not all is rosy in Congress, however. A 20 percent reduction in Medicare physician fees has already been scheduled by the end of next year. Congress needs to find ways to stall this action because of its political unpopularity. By this delay, less funding will be available for health insurance/care.

To sum it all up, health insurance/care will finally move forward in the most positive way practical. No sweeping reforms this year. But, to be sure, the next four years are expected to set a foundation which will take our country into the 21st century in a way this nation has never seen. As this article winds down, the new story just begins. Mr. Obama is now our official Commander-in-Chief and our nation now has the greatest hope of healing. In the immortal words of Shakespeare: “There is a tide in the affairs of men which, taken at the flood, leads to fortune.”

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