After watching the unfolding of “Obamacare” the past seven months, a number of things became clear.
First, it’s not what was advertised; second, the costs, relative to a given income, are astronomically high; third, it is inferior to the rest of the industrialized nations of the world for most people; fourth, we still have many uninsured people; and last, with the baby boomers beginning to hit the Medicare system, much of the populace is basically doomed to a lower standard of living due to high health care costs, tax burdens and/or growing overall debt.
Overstated, you say? Well, after checking out some household income facts and using the lowest health costs on the exchange, I learned the following.
Average household income is around $45,000 a year. A household of four with a $75,000-a-year income can expect to pay $12,000 for insurance (subsidized), $2,200 in Medicare and $5,000 in Social Security. All in after-tax dollars, leaving only about $56,000 left not counting federal or state income tax. Make $100,000 and feel good? Expect $19,000 in health care (no subsidization), $7,000 Social Security and $2,900 Medicare, with $71,000 left, not counting federal or state tax. Which says, after paying taxes, there is not much difference between the two.
Bottom line, 90 percent of the general public is destined to fork out 20 to 25 percent of after-tax income for health care. Nobody in the world does that, based on my research. Our health system is so broken it’s almost unfathomable. Doubt me? Ask your doctor the next time you seem him or her. It can be fixed but with our current crop of stupid, gutless, narcissistic, uncompromising, rudderless (and worse) group of Republican and Democrat politicians, I hold out little hope.
In my opinion, the physicians of the country need to unite and force Washington to develop a well-thought-out, realistic, cost-effective way to deliver medical care to everyone.
Japan, England, Germany, Australia, New Zealand, South Korea, France, Austria and countless others have done it. Why can’t the United States?