If I hear one more time...
Let's take health care reform. Somehow not doing anything makes sense because of the current economy and the economy is all that President Obama should be focused on. We hear this from countless analysts, pundits, news anchors, etc. Now yes, neither party's leadership is talking about doing nothing even if a lot of Republican's, elected officials (not the leaders or more senior members) and media pundits alike, have made the case it can't be done now.
Both parties have agreed on anywhere from 75-90% of how best to lower costs -ways that have been talked about for decades. Health care reform isn't starting from ground zero, countless health reform bills have been written over the years and we've already seen potential reform bills given to the CBO. Now it may not happen as quickly as President Obama has asked for but the fact is, based on how far the reform debate and various bills have come, this isn't out of the realm of possibility nor somehow counter productive to the growth of the economy.
Now time will tell which version of health care reform will pass and how good or bad it'll be for the country but when health care represents 1/6 of the U.S. economy, focusing on health care is focusing on the economy.
Drew Altman, Ph.D., President and CEO of Kaiser Family Foundation added a key perspective on his blog:
But the number itself could use some perspective. Expressed as a ten-year cost, one trillion dollars is a big, perhaps scary number. But we are also talking about reforming one sixth of our economy, and over the next ten years it would represent about half of one percent of projected GDP, under three percent of projected health spending, and about two and one-half percent of total federal spending. That is still a lot, and some may legitimately value other national priorities more highly, including deficit reduction, but in return we would reform health care, cover the bulk of the uninsured (projected by CBO to reach 54 million by 2019 and by others to go higher), and give Americans peace of mind about their health insurance.
Read more...