Will the Chinese veto U.S. Health Reform
Are the only people watching our government spending located in Beijing?
Now that the Blue Dog Democrats and some Republicans in the house have agreed on a watered down health care reform package, yet to be fully outlined, we can start actually looking at how and who is going to pay for this reform. Of the six goals outlined in the Presidents wish list on health care reform, it looks like only two are going to come to full fruition in a bill. Guaranteed access to insurance for individuals, and a tax on health care packages that exceed $25,000 of annual value.
This scaled down model of health care reform might not meet with approval of the American Public. Polls taken between July 17-20, before the latest outrage, showed that President Obama did not have a plurality of support from those with private health plans. It;s fair to say that if a poll were taken this week, the support would probably be even less. This is even before any middle class family (defined as 4x the federal poverty level per proposed subsidy cut offs at 300% of FPL) realizes that their taxes would be going higher to pay for a plan that they will most likely not benefit from.
Once the actual bill is published. It will be gone over with a fine tooth comb by those on the left and the right. One can expect that Fox News will bash it, and MSNBC will be supportive. CNN and the NYT will most likely present both sides with a moderately left leaning. BIg deal, I say. What will Beijing say?
In June , Tim Geithner, US Treasury Secretary went to China to address the budget deficit issue and explain our 13% of GNP deficit this year, and a predicted 3% of GNP deficit next year, assuming a economic recovery, and to tell the Chinese not to worry. China who currently owns an estimated $2 trillion of our bonds, and we assume will pick up another $500 billion soon, may ultimately have something to say about how health care reform goes, if it does. They won't necessarily offer public statement, but while most American's think that 'health care reform' means "saving me money", if the bill doesn't deliver, and the government has to sweeten the deal to make it more attractive (meaning additional deficit spending), China might start dumping dollars and bonds.
With the U.S. deficit financed by China, much like AIG is financed by the US Government, If you are looking to the political party that might really have the say so if we have health care reform in 2009, look East.. Far East...
Now that the Blue Dog Democrats and some Republicans in the house have agreed on a watered down health care reform package, yet to be fully outlined, we can start actually looking at how and who is going to pay for this reform. Of the six goals outlined in the Presidents wish list on health care reform, it looks like only two are going to come to full fruition in a bill. Guaranteed access to insurance for individuals, and a tax on health care packages that exceed $25,000 of annual value.
This scaled down model of health care reform might not meet with approval of the American Public. Polls taken between July 17-20, before the latest outrage, showed that President Obama did not have a plurality of support from those with private health plans. It;s fair to say that if a poll were taken this week, the support would probably be even less. This is even before any middle class family (defined as 4x the federal poverty level per proposed subsidy cut offs at 300% of FPL) realizes that their taxes would be going higher to pay for a plan that they will most likely not benefit from.
Once the actual bill is published. It will be gone over with a fine tooth comb by those on the left and the right. One can expect that Fox News will bash it, and MSNBC will be supportive. CNN and the NYT will most likely present both sides with a moderately left leaning. BIg deal, I say. What will Beijing say?
In June , Tim Geithner, US Treasury Secretary went to China to address the budget deficit issue and explain our 13% of GNP deficit this year, and a predicted 3% of GNP deficit next year, assuming a economic recovery, and to tell the Chinese not to worry. China who currently owns an estimated $2 trillion of our bonds, and we assume will pick up another $500 billion soon, may ultimately have something to say about how health care reform goes, if it does. They won't necessarily offer public statement, but while most American's think that 'health care reform' means "saving me money", if the bill doesn't deliver, and the government has to sweeten the deal to make it more attractive (meaning additional deficit spending), China might start dumping dollars and bonds.
With the U.S. deficit financed by China, much like AIG is financed by the US Government, If you are looking to the political party that might really have the say so if we have health care reform in 2009, look East.. Far East...
Posted by HealthInsure.com at 7/30/2009 10:09 PM 
Categories: HealthCare Reform
Tags: US Deficit Healthcare reform China Medicare
Categories: HealthCare Reform
Tags: US Deficit Healthcare reform China Medicare
it's rhetoric like this that makes me distrustful of blogs on healthcare reform produced by health insurance companies: This is even before any middle class family (defined as 4x the federal poverty level) realizes that their taxes would be going higher to pay for a plan that they will most likely not benefit from.
after an initial adjustment period i strongly believe taxpayers will pay less for universal healthcare than they do under the current system, in which the uninsured end up in and out of emergency rooms over and over again. look into "revolving door" costs and be prepared for an expensive shock to your taxpayer wallets.
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Why would anyone listen to a health insurance spokesperson - they are in the way - not helpful to the overall situation.
Author reply: First of all, I am not an Insurance spokesperson. I am an insurance expert. Please feel free to call me out on anything you believe is untrue, inaccurate, or misrepresented. I am going to guess that you might be under 40. As a male, you should be prepared to pay higher taxes if you make over $40,000 per year, AND you should expect your health costs to go up 100-150%. If you are over 60 and make less than $35,000, you would stand to benefit..
Thanks again for your completely unsubstantiated, blanket criticism.
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"A Canadian Diagnosis"(L.A.Times 8/3/09 by a Canadian M.D. presents posotive FACTS about The Canadian Single Player Health Plan which are often misrepresented by/to us.
Author Comment: All Health Care systems have certain advantages. By no means does my blog intend to impune the Health Care systems of any country (except maybe the UK or several third world countries) . The goal of this blog is to help disect and examine the specific problems or half-truths in bills being crafted in Washington DC.
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It is a dirty shame the Red Dogs (republicans and the Blue Dogs do not want to provide healthcare for all Americans citzens. They must not understand the more healthier the citzens, the more productive the citzens. Since we , the US citzens empliyed them through our votes, it is time for us to fired them through our next vote. No, let not vote them out, just vote to get rid of their health care and cut their wages. Then, the Blue dogs and the Red Dogs can experience what the 43 million plus US citzens are experiencing. Let us take a vote!
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Even the Congressional budget Office sayes this plan witll cost over
$1,000,000,000,000 inthe next 10 years.
Interesting information from the goverment itself.
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