Where Are The Extra Funds Coming From?
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As the U.S. drives into the darkening night of financial ruin, someone must make some drastic decisions. Soon. The Utopian dream of "health care for everyone" is not going away by it self, and it is not going to pay for it self. Some of the pending decisions spell doom for the good old U.S.
The White House is depending upon 80 billion dollars savings from in the health care system to help pay for the incredibly expensive proposed health care plan. Yet, they can account for only 30 billion of that, the other 50 billion is from "unkown" or "unspecified" savings in the Medicare and Medicaid drug costs. Actually, they have none of the savings accounted for which will help the cost of the planned program. The 30 billion is from an agreement by the drug companies to sell brand named drugs at half price for Medicare recipients in the drug "donut hole".
If you don't know what the donut hole is in the Medicare drug plan, it is simple. The Medicare drug pay is a follows:
The plan pays part of the recipients drug cost until the total in one year exceeds $2,700. From $2,700 to $6,154, there is no part of the drug costs paid by Medicare. Then from there and above, the total drug costs are paid by Medicare. The drug companies agree to half their price to recipients while in the donut hole, which does not cost the government at all. These savings are in the recipient's advantage.
As things now stand our annual deficit spending is about $1.5 trillion dollars, which Obama has said he expects to trim $800 billion, or about half, from it within his first term. However, the health care plan that is being pushed right now, is expected to more than double that deficit. By the way, the insignificant $80 billion they are planning to save but don't know how just yet, is a projected savings over 10 years!
So the question arises, where in tarnation is the $1.5 trillion, plus the 1/2 trillion, he is supposed to lower the deficit spending, coming from? You know the answer to that as well as I do. Taxes and more taxes, taxes on our taxes and resulting higher costs for necessary products, plus higher interests on indebtedness.
As wonderful as it may appear that everyone would have health insurance coverage, this nation is not in financial condition to take on such a burden. You think you have seen mortgage foreclosures. You haven't seen anything yet. The proposed taxes and higher prices cannot help but send the unemployment rate soaring, more companies moving out of the country and total deep depression. The illegal aliens will be scrambling to get back home.
Webgazine Columnist.
Article submitted Thursday, June 25, 2009 & read 13 times.
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