Rethinking National Healthcare
The recent news concerning GM and Ford cause me to rethink the Social Healthcare concept. To recap the news, GM and Ford's bond were recently rated as junk bond. They are not doing too well. And main reason is seemed that the cost of healhcare for their employee is too high. For every car that they produced, $1,500 goes to healthcare. Steel per car is only $800.
While some of the problem of GM and Ford is more than just healthcare cost, it worth taking a look at our healthcare system in term of global competitiveness. With many of our competitors having national healthcare, their businesses do not incur additional cost of funding health insurance for their employees. Some even call it a soft subsidy. But since other countries healthcare system cover employee as well as people who are working, this is hardly a subsidy to businesses.
Nevertheless, it impacts our competitiveness. Perhap to make us more competitive globally, we should bring back the national healthcare idea. I know. I know. I can see the dismay and shock on some your faces. A conservative is proposing national healthcare? It is heresy. But hear me out.
I understand the problem of public healthcare than most. Being a member of the military, I have seen the poor quality of healthcare being offered to servicemen, the lack of customer service, the bureaucracy and redtape, being treated like a nuisance instead of a patient. I have endured all those frustration. But can we have a public healthcare system without those problems? It is an idea worth exploring. If it works, it would greatly reduce the cost of doing businesses for American companies, so they can concentrate on being competitive.
Of couse before the idea can be implemented, there are several obvious issues that stand in the way, primarily the cost of healthcare. Healthcare in the US is too expensive. They are expensive for reasons external to the healthcare system. They are expensive because the cost of being a doctors is too high. Beside other forms of insurance, an average physicians have to pay $50,000 on malpratice insurance. The cost of bringing drugs to the market is too high, and it take too long to get approval for new drugs. Therefore the path to national healhcare run through tort reform and reform of the FDA. Sadly liberals want national healthcare, but they want to cater to ambulance chasers as well and want to do nothing about reforming the FDA.