Wednesday, March 24, 2010

The Healthcare Bomb

The healthcare bill has some good things but at what cost. The whole issue of cost is what has kept most people out of the insurance market in the first place. This bill does nothing to address cost and adds millions more to a broken system.  Spending will skyrocket eventually. The ultimate effect will be either rationing (See Canada, UK, etc.), more tax increases, and/or massive debt.  


So, at some point we will be left with the dilemma of sacrificing either the quality of care we are accustomed to or the economic opportunity of our children.  We might feel better about the "moral implications" in the short run, but in the the long run, the bill will eventually come due and someone will have to pay. 


And, let's not forget about the unfunded liabilities of Medicare and Social Security.  We're talking tens of trillions of debt that has to be paid back with those two programs alone.  


Scary times.

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