Obama now wants to add Long Term Care
July 8, 2009 by Steven Ting
Filed under Business, General, Health Care
Obama, once again, is trying to expand the role of government. The article states it best.
Moving to broaden the scope of the proposed healthcare overhaul, President Obama threw his support yesterday behind the creation of a program to help families struggling with long-term care costs.
The voluntary insurance program, sponsored by Senator Edward M. Kennedy of Massachusetts, would pay a modest daily cash benefit of at least $50 that people could use for a range of in-home services or nursing home expenses.
If you do the math, this could cost tax-payers $18250 per person per year. Once we offer a benefit like this, we won’t be able to take it away. Now how much do you suppose the government is going to charge for such a benefit? A measely $780 per year. And I bet there’s a provision in there that if you can’t afford to pay that, you won’t have to pay anything at all.
Obama is expanding the welfare society. I always thought that social security was supposed to take care of these types of things. Most retirees collect about $18000 to $24000 a year from social security. The purpose of social security was to be social insurance to protect people from financial hardship. Why do we need another bill that does the exact same thing? If you’re disabled, you get disability from Social Security.
How viable is this plan? It’s not viable at all. Look at the example we have in Social Security. It’s completely underfunded. If Obama pushes for this Long Term Care proposal, it will also be underfunded. Like all politicians, Obama over promises and will under deliver.
Since the government version would only cost $780 per year per person, it is much less than private insurance which is currently around $2000 to $5000 per person per year. What else does that tell us? It means that the government is not collecting enough to cover the costs. The only reason they give us the low price tag is for all of the sheeple to say, “Oh, there is an affordable solution.” The problem is that it’s just not sustainable.
Obama continues to weaken the economy. He’s taking a very micro-economic approach. He needs to look at the macro aspect. He is hurting business, and in turn, hurting individual people. He may think he knows all, but he’s just dumb.
