Monday, March 22, 2010

The Will of the People

[Welcome Industry Radar readers!]

We will soon have a new health insurance program to deal with. Doesn't matter if you are rich or poor. Everyone will pay for it.

Health care, and health insurance, is not free. Never was. Never will be.

85% of the population already has health insurance.

This legislation was not about them. It was about the 15% who don't have health insurance.

To use a talking point, now 30 million Americans will have health insurance when they didn't have it before.

Think about it.

30 million.

Less than 10% of the population.

Most of those could well afford health insurance but would rather spend their money on other things. They just didn't want health insurance.

Until it was free.

Now they will take it because they believed it would not cost them a thing.

For about half of those, it will be free. Of the 30 million, roughly 16 million will be put on the welfare health care system known as Medicaid.

Most doc's don't accept Medicaid patients. The government reimbursement is low. Many of those on Medicaid fail to keep their appointment which further drives up the cost of care that is passed on to the rest of us. A doctor client who stopped treating Medicaid patients over 20 years ago commented that patients who don't pay anything for their care are more contentious and arrogant than paying patients.

That may be just him.

Or it could be the rule rather than the exception.

Others are waiting on that $2500 reduction in premiums.

And a chicken in every pot, a car in every garage.

All that is missing are the millions that will flow from a wealthy Nigerian to pay for this.

Smaller cars, bigger health insurance premiums and taxes, Poppa Washington.
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