Letter: Paulk, How we will address the parabolic increases to the cost of healthcare in this nation
November 2, 2016
How we will address the parabolic increases to the cost of healthcare in this nation
Last year, the government spent 37 percent (1.4 trillion) of it’s total budget on Medicaid and Medicare–while running a 1.4 (trillion) dollar deficit. The cost of healthcare is climbing at nine percent per year, which means in ten years, ALL of the actual tax receipts the government brings in will go toward healthcare. But we won’t make it ten years. That’s not going to happen. The next President gets to eat this hairball, but neither candidate will discuss it–because neither intends to do anything about it. So how do we slay this beast? How do we bring an industry that’s consuming nearly 50 percent of our entire national budget and increasing at over nine percent per year under control? It’s called 15 United States Code Chapter 1–Monopolies and Combinations in Restraint of Trade. I particularly like Section 2: Monopolizing trade a felony. It says in part, “…Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce among the several States, or with foreign nations, shall be deemed guilty of a felony…” Fines up to $100,000,000 and 10 years imprisonment are called for. So who in our medical industry is guilty of violating U.S. Code Chapter 1? Just about everyone. For example, it’s illegal for a car mechanic to do work on your car and then send you a bill for services after the fact. It’s illegal to sell services without providing pricing information up front. It’s illegal to sell a product at one price for one class of customer (insurance company) and a different price to someone else (individual paying out of pocket). One thing is for certain–if the above issues are not addressed during the next Presidential term, we all get to face the consequences. Everyone, from teachers to firemen and police are going to see their pensions collapse to half or less of what they are today, and it will only be our fault for not demanding that the law be enforced. Look it up–then call your state attorney’s office. Politicians used to be capable of enforcing the law… maybe they still can.