Obamacare has given 10 million people health care, or 3% OF THE POPULATION! Much of it with deductibles and co-pays so high people arent using it. (Wouldnt you think twice about getting a $1200 MRI when youve got a $5000 deductible and a copay of $300?) In return for which the govt promised not to bargain prices with drug cos for 10 years. I paid $156 copay for 4 oz of some skin cream the other day, which, since Im in the donut hole means the total cost for the damn thing was about $300. Over 10 years, the extra $ spent on meds may exceed the cost the govt spends on health insurance Meanwhile, as of May 2014, FIVE MILLION FORECLOSURES & 8.8 million jobs were lost (us bureau of labor statistics). Some of which jobs surely came with health insurance. (In the U.S., jobs paying between $14 and $21 per hour made up about 60% those lost during the recession, but such mid-wage jobs have comprised only about 27% of jobs gained during the recovery through mid-2012. In contrast, lower-paying jobs constituted about 58% of the jobs regained.). Not to mention drop in wealth (well, I am mentioning it) From the peak of the boom to the bottom of the bust, households watched a total of $16 trillion in wealth disappear amid sinking stock prices and the rubble of the real estate market. Since then, Americans have only been able to recapture 45 percent of that amount on average, after adjusting for inflation and population growth, according to the report from the St. Louis Fed released Thursday. (As of May, 2013, so better now, but cant find more recent statistics) In addition, the report showed most of the improvement was due to gains in the stock market, which primarily benefit wealthy families. That means the recovery for other households has been even weaker CHUCK SCHUMER WAS RIGHT, IT WOULD HAVE BENEFITED MORE PEOPLE TO FOCUS ON ECONOMICS RATHER THAN HEALTH CARE.
Posted on: Sun, 28 Dec 2014 18:09:45 +0000