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Wednesday, May 30, 2007

State 29: Snake Oil Obama

Excerpted from this post at State 29
Barack Obama delivered his snake oil health scare plan to the University of Iowa Hospitals yesterday. It was long on baloney but short on specific details. ... You know, I hope that some day the United States will have a "universal, single payer" health care system. The "universal" should be cash money backed with a catastrophic insurance policy and the "single payer" is you. The days where employers are paying 70% to 90% of an employee's $10,000+ health insurance plan will eventually end. So will the idea that insurance should cover every little thing under the sun or that "co-pays" should be small amounts. ... We need to be getting back to the days where a family can buy a cheap catastrophic coverage plan, but fund regular ongoing expenses out of a Health Savings Account (HSA). Insurance was made to protect people from excessive financial liabilities, but it has been abused by individuals, health care providers, and the government.

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Mike Schramm
Andy Szal

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