Health care is all Keynesian now

  • Article by: THOMAS GEOGHEGAN , Bloomberg News
  • Updated: August 26, 2012 - 9:12 PM

Out-of-control health care spending is the only stimulus the Republicans can't stop. What else is there?

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bernice3Aug. 27, 12 1:37 AM

I see your point about health care spending creating employment, but cannot agree that Medicare/Medicaid is "out of control." As the Boomers turn 65, more and more Americans will become Medicare patients. And as long as US companies ship jobs overseas and hold onto profits instead of developing new jobs here, we create more joblessness and more poverty -- hence more persons who have only Medicaid to count on for care. If we weren't so damnably ideological, we'd switch to single payer and save hundreds of billions of dollars per year while making sure that not one person was denied access to preventive and curative care.

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omnipresentAug. 27, 12 9:40 AM

Bernice3: It's been literally 100 years as of 2012 since the first president attempted to get some form of national health insurance going (FDR), and here we are, 100 years later, still trying to implement such a system. The ACA, a weak cousin of single payor, is under relentless attack by the GOP free-market folks. Their "Repeal & Replace" slogan is actually ONLY "repeal"; they have no replacement in mind at all. My hope is that ACA will gradually, painstakingly morph into some kind of single payor system. No developed country on earth except ours has so stubbornly refused to convert health care from a privilege into a right. It's reprehensible and foolish, IMO>

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pumiceAug. 27, 1210:21 AM

Re: "If we weren't so damnably ideological, we'd switch to single payer and save hundreds of billions of dollars per year while making sure that not one person was denied access to preventive and curative care." Exactly, bernice3. The Boomer wave has rolled through our economy for six decades--first as the largest cohort of babies/toddlers/children/teens/young adults whose consumption drove demand for goods and services; then, as the largest cohort of entrepreneurs, small businesspeople and workers whose capital and labor produced goods, provided services and drove innovations in the technology/information sector for the largest cohort of consumers in the history of the Republic; and soon, as the largest cohort of retirees. Retirees, remember, are reliable consumers--almost all retirees live paycheck to paycheck. What can be the downside to having a job sector that's growing!

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