Financial Advise

The Tax Attic with Jerry Coon – August 27 2009

August 27, 2009 // 0 Comments

Should government be involved in health care? The bill before Congress is entitled “America’s Affordable Health Choices Act of 2009.” When all is said and done, the final version of the bill that President Obama signs will influence the health care of all of us, our children, and our children’s children. I believe it’s that big of a deal. It’s an emotional topic. From what we see on the television, people are not afraid to voice their opinions about government’s further involvement in health care. I say “further” involvement because we do have the Medicare and Medicaid programs that are currently administered by the government. Is there waste in these programs? Yes. Is there a bureaucracy in these programs that makes it difficult to deal with at times? Yes. However, do the programs run as they are advertised? I would say yes. When a taxpayer turns 65, he/she enrolls in Medicare and usually ceases to be covered by normal health insurance. This happens every day, all day long, and usually happens without a glitch. Many taxpayers, however, do purchase a supplemental policy because of the shortcomings of Medicare. When an elderly person in a nursing home runs out of money and is no longer able to pay for care, Medicaid somewhat seamlessly picks up the paying of the nursing home. This also happens all day long, usually without a glitch. So, let’s start with the assumption that our federal government is already involved in the health care business, but currently it is limited to the 65-and-over crowd. They now want to get involved in the under-65 crowd. Perhaps we should be reviewing the Medicare and Medicaid programs to see if the federal government is worthy of expanding their involvement. Are they controlling their costs or do they have the same problems the private sector has with wildly increasing costs? How is the health care for the participants compared to the private sector? Just because the federal government can get involved in the under-65 crowd’s insurance doesn’t mean they should. Of course, the federal government’s motivation for this involvement comes from two items. First, there are approximately 47 million Americans who are not covered by health insurance of any type. More people every day are joining […]