Thursday, December 03, 2009

Obama's plan for health insurance reform



Health care in the United States is provided by many separate legal entities. Health care facilities are largely owned and operated by the private sector. Health insurance is primarily provided by the private sector, with the exception of programs such as Medicare, Medicaid, the Children's Health Insurance Program and the Veterans Health Administration. According to data compiled and published by multiple international pharmaceutical trade groups, the US is the world leader in biomedical research and development as well as the introduction of new biomedical products; pharmaceutical trade organizations also maintain that the high cost of health care in the U.S. has encouraged substantial reinvestment in such research and development.
At least 15% of the population is completely uninsured, and a substantial additional portion of the population is "underinsured", or less than fully insured for medical costs they might incur More money per person is spent on health care in the United States than in any other nation in the world, and a greater percentage of total income in the nation is spent on health care in the U.S. than in any United Nations member state except for East Timor. Medical debt is the principal cause of personal bankruptcy in the United States. According to the Institute of Medicine of the National Academy of Sciences, the United States is the "only wealthy, industrialized nation that does not ensure that all citizens have coverage" (i.e. some kind of insurance) (Wikipedia)
Now Obama is going to reform this sick health care system. Obama believes that the reform of health insurance will provide more security and stability to those who have health insurance and it will provide insurance to those who don’t and it will lower the cost of health care for the families and businesses and the government, but on the other hand democrats believe that this bill would also burden middle-class Americans with billions of dollars in taxes and fees. The taxes and fees kick in next year. The health care coverage doesn't start until six years from now.(www.withehouse.gov)

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