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December 26, 2009
Article: Dropping the Bomb on Health Care
Topics: Political News and commentariesPeter Schiff writes that Obama and his Democratic allies in Congress are about to take a very bad system and make it unimaginably worse. He points to the fact that the current bill is a one way trip to socialized medicine, and that it does nothing to restrain the forces that are propelling healthcare costs into the stratosphere, namely: regulatory bans of insurance competition, the out-of-control medical malpractice industry, federal programs and subsidies, and a tax code that favors a third-party payment system - which alienates the patient from the cost of his care.
It's a short but informative piece, so take the time to read it all. Even if Obamacare ends up without a public option, for now, what the Democrats have in fact done is set the stage for it, juxtaposed with a guaranteed destruction of the insurance industry's potential for continued market viability.
Posted by Richard at December 26, 2009 11:30 PM
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