“America’s private health insurance system is far more costly with far poorer results than the public option programs in Europe.” So writes Nobel-prize-winning economist Joseph Stiglitz in his new book. His solution to fix healthcare: “people power.” His conclusion lines up with Fixing U.S. Healthcare blog. He agrees that the healthcare system needs more than the … Continue reading Nobel Economist: What It Will Take to Fix U.S. Healthcare
Former Representative Jim Delaney (D-Md) threw down the gauntlet to the left-leaning attendees at the California Democratic convention on June 2 by challenging Medicare-for-all. ”The problem with Medicare for all, it’s actually really simple, is that it makes private insurance illegal. And 150 million Americans have private insurance, and 70% of them like it according … Continue reading Healthcare Reform: “150 million Americans won’t give up their private health insurance to get Medicare for all.” Really?
The Trump-GOP tax plan will add to the national debt by $1 trillion (Joint Committee on Taxation) or $1.4 trillion (Congressional Budget Office). Under the pay-as-you-go (PAYGO) law, Congress will need to make a choice to cut Medicare or to allow the increase of the national debt. The PAYGO law says that the revenue shortfall … Continue reading Will New Trump-GOP Tax Plan Trigger PAYGO Cuts to Medicare?
This segment reviews the impact of relentless increase of U.S. healthcare spending on the economy, politics and society. In Segment 4, we showed some statistics on relentlessly rising healthcare spending. And in Segment 5 we looked at the Perfect Storm -- how rising costs are literally built into the system as it is now. In … Continue reading Segment 6 – Why Healthcare Cost is a Problem