Resolving the healthcare debates would help one area of uncertainty in the markets. Most agree that the uninsured should have coverage; it’s fixing the skyrocketing costs of healthcare where the debates are most at odds.
There are two main problems: We’re getting old…and we don’t take care of ourselves. And both cost money!
· The population of Americans over 65 will double over the next twenty years, growing 4 times faster than all other age brackets. Nothing can be done about that.
· 2/3 of Americans are obese or overweight, including 30% of adolescents. Something can be done about that.
So what do we do?
Do we remodel the house or knock it down? Do we scrap the current system for a government run one? Or do we salvage it? Remodeling is typically cheaper. The Congressional Budget Office estimates that universal coverage spending will outstrip revenues by nearly $200 billion a year within 20 years. Pricey!
What most people seem to want is the current system reformed so that everyone can afford it…that means things like… insurance reform…hospital reform…prescription reform. Not easy, but cheaper.
It’s time to make some choices before the economy makes them for us…which could be even more costly.
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