It is about priorities, income and expenses.
Where does it come from and where does it go?
And how would you like to change it?
usfederalbudget.us/budget_gs.php
One thing is certain. Something MUST be done about healthcare costs.
usfederalbudget.us/spending_chart_2002_2022USb_13s1li111mcn_10t
Yes, it is about priorities, income and expenses. Government’s income comes from taxpayers, and that is a finite resource. Another source of income is borrowing, and the federal government currently has to borrow 40% of everything it spends. Of course, the taxpayers must pay the interest on those borrowings, and either pay it off eventually or keep refinancing it forever.
The nation has reached a point where only about half of us pay taxes and half do not. With an aging population dependent on a shrinking workforce, the system is becoming unsustainable. When we can’t pay for our own spending, we’ve just been transferring the cost to future generations, burdening them with unjust debt which will hold them down economically for decades. The just thing to do is to begin paying down the debt, not increase it.
What are healthcare costs? They are the prices we pay for healthcare services—what we pay to doctors, nurses, lab technicians, hospitals, imaging costs, etc. All healthcare costs represent income to somebody.
One thing that health insurance does is to ensure that these various people get paid. Health insurance insures us against expenses, but it is an income guarantee for healthcare providers.
And when providers have an income guarantee, they have little incentive to keep prices down.
Costs of healthcare keep rising for those things which are covered by insurance. But prices for things which insurance does
not cover, such as LASIK surgery, have come down.
So health insurance is a transfer payment from the insured to the medical professionals. When government pays for healthcare, it is a transfer payment from taxpayers to doctors and hospitals and others. It’s an income guarantee for the professional class. Ideally, insurance ought to provide for coverage of catastrophic costs, not routine costs. That would help keep prices down.