Daily News Updates - Health Insurance News

Two Divergent Visions; Which is best?, Pt.8 – Cost recapture and funding.

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Continuing with cutting health insurance/care costs, we have several other initiatives. Substantial savings benefits are expected to flow back from investments in preventive care and the reduction of Emergency Room misuse. It is widely known that many Americans with out health insurance either don’t seek treatment at early stages or else they depend on ER’s for everything, cause it’s ‘free’. It isn’t free, of course. A much higher bill gets passed on to ‘others’, as a result. The cost of advanced treatments for those who have delayed early treatment is generally many times as great as it would have been. Together, these two categories amount to staggering proportions, and all because these people have no health insurance. Mr. O’s plan has targeted these opportunities as well as other extensive programs to manage treatment of chronic diseases.

How much will all this cost and who will foot the bill? Understandably, the cost is substantial ($50 billion and $65). As for who will foot the bill? Very few of us. Only a few out of every hundred Americans. These would be the people like CEOs, who have seen pay increases 200 to 300 times greater than the average American worker has. It is estimated that if CEO increases were held to the same percentage as the average American pay increases since Bush’s obscene tax cut; and that money had been put aside; our whole nation could have had free health insurance all that time. This tax cut is set to expire next year. Although Mr. McCain had always opposed the obscene tax cut in the past, he has suddenly changed his mind. His focus is, admittedly, not on providing health insurance access to the needy.

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