Saturday, September 19, 2009

Medicare for All? ‘Crazy,’ ‘Socialized’ and Unlikely

This article is a part of "Prescriptions" blog, which was initiated by the New York Times to shed some light on the health care debate. The article talks in particular about extending Medicare to all age groups. It is interesting because it indirectly gives an example of public failure. The author mentions "expanding Medicare would not pass because the insurance companies, which he says get a “bonanza” in premiums now, have too strong a grip on Congress through campaign donations." This essentially shows how interest groups are affecting government involvement, which leads to a public failure.

2 comments:

Rachel Seibel said...

I began reading this article thinking it was going to be a debate between expanding Medicare to all or not, however, this was not the case. The article gave many reasons as to why we should not expand Medicare to all and very few reasons for expanding it. I thought it was interesting to read the reactions of many readers and how disappointed they were with the analysis. My aunt is a doctor in Washington D.C. and she is opposed to the expansion of healthcare for everyone as the article touches upon. I agree that the premiums are ridiculous. Healthcare is becoming to expensive for people and at the same time exposing inefficiencies. It is tough to think of a plan that will make the right decision both morally and financially. This was great to read, I especially suggest looking at the comments because there is some legitimate discussion going on.

Taleb Shkoukani said...

This is a great article that discusses the ongoing debate on the healthcare reform. This ties in well with last weeks homework question on universal healthcare. Insurance companies would lose a lot of business and may cause some firms to fail. Consequently, workers from these firms would suffer as well. I still strongly agree that we shouldn't adopt a universal healthcare. The article summarizes this quite well, "the cotton candy solution (expanding Medicare): it feels really good, but after a while, your stomach starts to go 'ewwww.'"