It was no surprise to hear yesterday (Tuesday September 10th) that the income gap is widening. The richest 1% are earning more while the average person is losing ground. According to the report on NBC, the 1% are those earning $394,000 per annum or more.
So it’s good news that the Michigan Legislature has just approved the Affordable Care Act (ObamaCare). It will begin in the spring. Finally, people like us will have medical insurance.
But . . . is it good news?
First of all, the new rules and regulations are very confusing in a way only government can do.
Secondly, I think we all know it will add to America’s financial problems.
Interestingly, the United States is at the same point now that Britain was at in 1947.
Americans are tired of wars (as the British were after two world wars and a few minor conflicts here and there). They don’t want their boys sent overseas to places they have never heard of; besides, there’s a lot to spend the money on here at home.
Healthcare, for example. A bottomless pit if ever there was one.
So the UK introduced “free” medical care just a few months after beginning to dismantle its empire. It’s called the NHS (National Health Service) and, you may have noticed at the opening celebrations for the London Olympics, they are proud of it.
However, few realize that, for 65 years, as medical costs have risen, so there’s been less money for defense. The UK has gone from being the greatest military power a century ago to, well, virtually nothing today. A few years ago I remember reading that healthcare costs were increasing by 8% a year, while the economy only grew at 2%. This meant cut-backs in many areas to pay for healthcare.
The US is heading in the same direction – downhill all the way. We may all have medical coverage, but at some point, there will be nothing and nobody left to defend those hospitals and clinics!
Is that really what Americans want?