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What is the answer to our health care woes?

For the first time, government programs next year will account for more than half of all U.S. health-care spending, federal actuaries predict, as the weak economy sends more people into Medicaid and slows growth of private insurance.

The figures show how federal and state spending is taking a bigger role while Congress hesitates over a health-care overhaul.

Government health programs are a growing burden on the federal budget, which is running annual deficits of more than $1 trillion, and rising health costs continue to batter private industry.

By 2020, according to the new projections, about one in five dollars spent in the U.S. will go to health care, a proportion far beyond any other industrialized nation.

http://online.wsj.com/article/SB10001424052748703575004575043490639289022.html

Answer Question
 
sweet-a-kins

Asked by sweet-a-kins at 9:33 AM on Feb. 4, 2010 in Politics & Current Events

Level 34 (67,502 Credits)
Answers (24)
  • "It's going to be a desperate issue five to 10 years out," said Gail Wilensky, the former top Medicare official in the George H.W. Bush administration. She said the U.S. will have to decide soon between raising revenue to pay for Medicare or reducing benefits.

    Public funds accounted for 47% of the $2.34 trillion of national health spending in 2008, the last year for which figures are available. The federal Centers for Medicare and Medicaid Services estimates in a paper to be published Thursday in the journal Health Affairs that the proportion will rise to 50.4% by 2011. Last year, the federal actuaries had predicted the 50% mark wouldn't be reached until around 2016.

    The latest estimate assumes Congress will act to prevent a sharp cut in Medicare payments to doctors, which is set to take effect in March under current law. Congress has consistently done so in earlier years.
    sweet-a-kins

    Answer by sweet-a-kins at 9:34 AM on Feb. 4, 2010

  • sweet-a-kins

    Answer by sweet-a-kins at 9:34 AM on Feb. 4, 2010

  • Single. Payer. System.
    Anonymous

    Answer by Anonymous at 9:36 AM on Feb. 4, 2010

  • In the last health care bill I read, the government wanted to expand Medicaid to cover more people. Now it's expanded because more people are unemployed and broke. Medicaid is covering more people than ever, and the government is complaining about the cost.

    Maybe they should pay for it with all the Medicare waste and fraud they claim is in the system.
    Anonymous

    Answer by Anonymous at 9:44 AM on Feb. 4, 2010

  • So anon, we can't afford the system we do have that is ran by the gov so we should make it just that much larger?

    Take the gov OUT of the ins industry and let the market set itself.
    Carpy

    Answer by Carpy at 9:47 AM on Feb. 4, 2010

  • Take the gov OUT of the ins industry and let the market set itself.


    The market has preyed upon the people. Its just as corrupt as wall street

    sweet-a-kins

    Answer by sweet-a-kins at 9:52 AM on Feb. 4, 2010

  • Insurance reform


    Tort reform


     Reduce Admin costs-substantially

    Sisteract

    Answer by Sisteract at 9:55 AM on Feb. 4, 2010

  • I don't think there is much argument that we need reform. But we need reforms that actually help everyone and doesn't penalize those that provide insurance for themselves. There are smaller more meaningful reforms that they could do that would make it easier and less costly to get insurance coverage. The real problem is getting people covered that have pre-existing conditions and those that cannot afford to provide for themselves through no fault of their own.


    IMO, the only thing that the government is more efficient at than the private sector is war. Everything else is riddled with waste and red tape. Putting them in charge of health care would be one of the worst moves we could make.

    QuinnMae

    Answer by QuinnMae at 9:55 AM on Feb. 4, 2010

  • The market has preyed upon the people. Its just as corrupt as wall street

    No the gov has preyed upon the people.
    Carpy

    Answer by Carpy at 9:56 AM on Feb. 4, 2010

  • The ins industry just as wall street works within the parameters set by the gov not the market.
    Carpy

    Answer by Carpy at 9:58 AM on Feb. 4, 2010

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