Tuesday, July 7, 2009

How to pay for health care reform

The biggest obstacle in the way of health care reform is the method of paying for it. Tax increases don't seem to have support in Congress, although there could be some targeted increases on wealthier Americans. But it appears that reform would have to be paid for through savings in other areas and federal subsidies. It could cost as much as $1 trillion to reform health care over the next 10 years.

That seems like a much better investment than the $1 trillion the feds gave banks, which then continued to refuse to lend to consumers and used part of it for bonuses for their executives.

But this nation needs health care reform and President Barack Obama is right to push for it immediately. Congress, beholden to the insurance industry, will find many excuses for not acting on this needed reform. But Americans deserve a fair system that covers everyone, no matter their pre-existing conditions.

Tell Congress to fix this badly brokern system now.

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