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Ndiaye 4 months ago (9/17/2015)

Think of the inflationary bnitaolg bubble of the for-profit HMOs (started under Nixon, but deregulated under Reagan/Bush) and the GOP-deregulated insurance industry that has grown from 3x to 7x the rate of inflation, cumulatively, driving over-inflated health-related (insurance) costs up in the same destructive manner as occurred with Fannie Mae and Freddie Mac until the bottom falls out. We spend 16% of our GDP on health care costs, with that figure going up each year (now nipped in the bud perhaps as we turn our focus on eliminating fraud, modernizing/computerizing record-keeping, and other cost-cutting measures). The modernization of hand-written records will cut hospital costs dramatically (so says the AMA lobbying group for medical professionals, who gave this idea a standing ovation when President Obama first spoke at their annual meeting), but will also eliminate errors, prevent duplications of tests or procedures, save inordinate amounts of time (time is money, after all), and give more quality face-time between the patient and doctor. The cost-savings may be slow-but-steady in building, but the Congressional Budget Office has indicated deficit reduction estimate at more than $ 690 billion in the first ten years, but as these savings compound and other provisions kick in, more than $ 1 TRILLION is eliminated in the subsequent years. Everything in this Patient Protection and Affordable Care Act which became law on Tuesday, March 23, 2010 is fully paid for (verified by the CBO) and does not add to the deficit, but some provisions do not kick in right away (see the entire bill and the new fix legislation being voted on in the House tonight (despite GOP efforts to mean-spiritedly and selfishly block these improvements) as posted on either ReadTheBill.org or on whitehouse.gov. Affordability, accessibility, accountability is what we now have for our health care system, thanks to the Democrats and especially thanks to President Obama, who has kept yet another promise made to the American people. [Note: The repayment of the bailout TARP funds by the banks is WITH INTEREST and is also being applied by the Obama administration to REDUCING THE DEFICIT...so far we have been paid back $ 79 BILLION from 14 of the 400 banks who took the taxpayer welfare, with more pending.]

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