Daily News Updates - Health Insurance News

Bush’s Report Card, Pt.3 – We know we’re going backwards.

Previous…

Point ‘1)’ How can a nation show a positive economy and, at the same time, show a negative economy? Only by perverting cardinal rules. Since nations so rarely get away with this, it isn’t even considered a legitimate economic study. The general format of a nation’s economic platform is actually very simple. Industry produces, while providing salaries. Consumers use this salary to purchase those products. The cycle is complete and sustainable. The stable economy is all based on trust. Industry trusts that consumers will buy – consumers trust that they’ll have a good-paying job so they can buy (without credit). If either one goes away, the economy crashes. If they both go away, it takes forever to recover. So what about the consumer end? Right now, about 30 million Americans can’t even afford health insurance. According to the “Center for Budget and Policy Priorities”, in 2007, about two thirds of the 47 million Americans without health insurance were living below 200% of the poverty line. They have no ‘wiggle room’ to buy health insurance.

Consider this benchmark: “Under the Clinton Administration, median household income increased by $6,200.” Health insurance was a given. Almost everyone who wanted health insurance could have it. Now consider that the 2007 Census states that: “median income for working age households fell by $2,176.” This bad news is only the ‘milk-toast’. Don’t be confused by that mystical word ‘median. What it really means is ‘average’. To understand how hard it is to shift a ‘median’, consider this example:.

Continued…