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Saturday, July 3, 2010

The Health Care Travesty

In the U.S. we spend 16-18% (it depends slightly on who is counting) of our Gross National Product on health care. That is more than DOUBLE what any other country spends. What we get for that is infant mortality like a third world country, a mother in-birth mortality double any other developed country (and growing instead of shrinking like every other country in the world), and a shorter life span than any European country, to name just a few "benefits".

Health care spending is forecast to grow 9% next year because of that travesty of a health care bill that Congress just passed and the President signed.

And here is the really bad news. There is not one single thing in the bill to reduce the total costs or to slow down the growth rate.

And, to make it even worse, Congress specifically forbids the use of any of the findings of Peter Orzag's comparative cost studies by any government agency.

Every dollar that is wasted on unproductive health care is a dollar that cannot be spent on schools, roads, research, or any of the things that make life better.

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