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Tuesday, June 23, 2009
Larry Kudlow :: Townhall.com Columnist
We Don't Need Big Bang Health Care Reform
by Larry Kudlow
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Why do we need President Obama’s big-bang health-care reform at all? What’s the real agenda here? If it’s really to cover the truly uninsured, a much cheaper, targeted, small-ball approach would do the trick. But on the other hand, maybe the real goal is a larger, ultra-liberal plan aimed at a government takeover of the U.S. health system.

In a recent column, Larry Elder points to an ABC News/USA Today/Kaiser Family Foundation survey that shows 89 percent of Americans are satisfied with their health care. That means up to 250 million people could be happy with their plans. So why is it that we need Obama’s big-bang health-care overhaul in the first place?

In a new Pew Research Center poll, only 41 percent of those surveyed believe the U.S. health-care system needs to be completely rebuilt. In early 1993, when Mr. and Mrs. Clinton started on health-care reform, 55 percent said the system needs a complete overhaul. So something has changed.

In a new CBS/New York Times poll, 38 percent say the economy is the most important problem facing the country, 19 percent say jobs, and only 7 percent say health care. In an NBC/Wall Street Journal poll on the same question, 24 percent say the budget deficit is today’s most worrisome problem while only 11 percent say health care.

There’s more. According to the U.S. Census Bureau we don’t have 47 million folks who are truly uninsured. When you take college kids plus those earning $75,000 or more who choose not to sign up for a health-care plan, roughly 20 million people are removed from the list of uninsured. After that you can remove the 10 million who are not U.S. citizens and the 11 million who are eligible for SCHIP and Medicaid but for some reason have not signed up for those programs.

So that leaves only 10 million to 15 million people among the long-term uninsured.

Yes, they need help. And yes, they should get it. But not with mandatory universal coverage, or new government-backed insurance plans, or massive tax increases. And certainly not with the Canadian-European-style nationalization that has always been the true goal of the Obama administration and congressional Democrats.

Instead, we can give the truly uninsured vouchers or debit cards that will allow for choice and coverage, and even health savings accounts for retirement wealth. According to expert Betsy McCaughey, rather than several trillion dollars and socialized medicine, this voucher approach would cost only $25 billion a year -- with no socialized medicine.

Columnist Peter Robinson, writing for Forbes.com, relates an interview with the late free-market Nobelist Milton Friedman about the inefficiencies of health care. Friedman stated simply and clearly that the cost problems in our system can be traced to the fact that most payments for medical care are made not by the patients who receive the care, but by third parties -- typically employers or government. Continued...

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About The Author

Lawrence Kudlow is host of CNBC's Kudlow & Company

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Jobs?
Obama is drooling over the idea of a 'single payer' system, whether he admits it now or not. There is plenty of evidence that this is what he and his cronies in congress want. So, should he do that, what exactly is going to happen to the tens of thousands (I believe more than 100,000) people who have good, honest jobs for the US insurance industry? These people do everything from answering emails to helping patients who have simple questions? Obama is being a typical rose colored glasses liberal, only if government took care of everyone, things would be fine. They never consider the consequences, like another 0.5% jump in the unemployment base, and then factor in all the support and other industries that feed the insurance industry. It's all about ugly profits, right? Fraking moron.

Sic Semper Tyrannis

Renny:
I think that you need to read your own figures'
source better. And what do you think you have
gained by saying "I know you can't count."

***
1) 47 million is not the most recent figure.
it is higher now and going up by at least a
million every year.

2) Your comment on 20% being illegals is
wrong. That is roughly the figure of Hispanics without insurance. Hispanics
does not equal illegals.

3) the 70% figure is also incorrect. The
statement was made that between 2006-2007
70% of the population was without insurance
for at least some time. It doesn't mean
that it was the only time they were uninsured.
For some it was temporary but by no means all
got re-insured within a year.

4) 33% of the households are from families
that make over $50,000 but the "elect not
to buy in." Very few people with families
elect to forgo insurance. They cannot afford
it, even at $50,000.00 or they cannot get it
for existing health reasons.

5) You are talking like the people who run
to the emergency room and the total health
plan bill are one in the same. If everyone
went to the emergency room just once a year,
under present costs, the bill would be
$500 trillion.

6) Yes, the government is out of money, but
then the government isn't paying this bill.
We are. Like Social Security. Of course,
the government has been raiding Social Security forever. That is why SS is in
trouble, or soon will be. I have no problem
with burning them at the stake if they do
that to Medicare and our soon to be NHC.

7) Speaking of knowing your numbers, I do
hope that you know that covering everyone is
cheaper per person than covering some.




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