Last week, the big health care bill that has been working its way through Congress for the better part of a year was finally signed into law by President Obama. In my humble opinion, he should not have bothered signing this into law as it is a terrible piece of legislation.
When I voted back in November 2008, I voted for Obama in part because he promised to reform health care in America. The problem with health care in this country is not so much the care itself, which tends to be excellent, but rather the cost of medical procedures and the cost of medical insurance. Every year, my health insurance premiums seem to go up 5-10% while my annual pay rise is anything from 3-5%. As you can see, over time, the annual increases in health insurance premiums erode the value of my salary.
Obama had promised to do something about this, which was a reason for voting for him. Instead, what we get is a law that does nothing to address the spiraling costs of health care in this country. The U.S. is the only western country where a person can go bankrupt because of health care costs. This is simply unacceptable. I think the thing that shocks me the most is the opposition to single payer health care, which would be of benefit to everyone in this country. Most of the opposition was led by Republicans who used all kinds of scare tactics to either defeat the new law or have it radically modified.
What was really appalling was the use of the British health care system as an example of a system that does not work. Having been born in the UK and having the used the British National Health Service or NHS for 25 years, I do have to say that, despite having faults, the NHS is generally pretty good at delivering health care. This is borne out in data that shows that health care outcomes in the UK tend, on average, to be much better than here in the U.S. The U.S. is the country with one of the highest infant mortality rates in the western world, one of the lowest life expectancies and the fact that thousands of people die every year in the U.S. because they do not have access to heath care because they do not have health insurance.
This new law does not address the fundamental issues that affect health care in this country. If insurance premiums and health-care costs keep rising at the rate of 5%-10% every year, then heath-care will bankrupt this country. Health care already consumes about 16% of GDP in the USA while, in just about every other country, the heath care consumes only about 8%-10% of GDP. If projected health care accounts for 20%-25% in future years, many people will no longer be able to afford health care and the country will go bankrupt.