When I interviewed Jim Bacon, author of Boomergeddon: How Runaway Deficits and the Age Wave Will Bankrupt the Federal Government and Devastate Retirement for Baby Boomers Unless We Act Now, he echoed Dr.
Fischer's point that the most major financial problem for the United States is healthcare costs.
Dr.
Harvey Fineberg, President of the Institute of Medicine of the National Academies, says we have a Medicare cost crisis and we cannot solve the Medicare cost problem unless we solve the problem of cost for all of our nation's healthcare.
One solution to the healthcare cost problem is to slow the growth rate of healthcare costs through various reforms such as fostering better decisions about end-of-life care, reducing administrative overhead, and increasing the accountability of the healthcare professionals.
2.
A second solution is to promote improved better health and wellness so less of us are seeing the doctor due to eating greasy fast foods, smoking, and not exercising.
3.
A third solution to the healthcare and Medicare horror is to cut Medicare costs through, for example, capping benefit payments, raising premiums, and raising the eligibility age - the same way as with Social Security.
Now that we have gone through solutions to the Unfunded Liabilities Monster, let us now see the nastiness that is more likely to occur than the cleanliness of successful solutions to such a massive mess.
Healthcare Chaos Considering we got into this mess through living beyond our means, pushing the limits, and amplifying the inevitable payments of tomorrow for the short-lived gains of today, I suppose we can expect more of the same in our steps to clean up this mess.
This country has a massive debt and liability problem.
What would you do? First we have positive reform.
Reforming the system in various ways and with the goal of gradual change rather than shocking shifts would be an incredible effective and healthy way to deal with the Monster.
One issue however is that, as we have mentioned, taking wise actions before easy self-sabotage is very much not the US government's style.
With this in mind, despite the healthiness of reform, I am expecting us to choose the greasier options.
As Mike Gearhardt, author of The Financial Tsunami said during our interview, it has taken us decades to get into this mess, it should take us decades to get out.
At least.
What are you expecting? Exactly.
Fischer's point that the most major financial problem for the United States is healthcare costs.
Dr.
Harvey Fineberg, President of the Institute of Medicine of the National Academies, says we have a Medicare cost crisis and we cannot solve the Medicare cost problem unless we solve the problem of cost for all of our nation's healthcare.
One solution to the healthcare cost problem is to slow the growth rate of healthcare costs through various reforms such as fostering better decisions about end-of-life care, reducing administrative overhead, and increasing the accountability of the healthcare professionals.
2.
A second solution is to promote improved better health and wellness so less of us are seeing the doctor due to eating greasy fast foods, smoking, and not exercising.
3.
A third solution to the healthcare and Medicare horror is to cut Medicare costs through, for example, capping benefit payments, raising premiums, and raising the eligibility age - the same way as with Social Security.
Now that we have gone through solutions to the Unfunded Liabilities Monster, let us now see the nastiness that is more likely to occur than the cleanliness of successful solutions to such a massive mess.
Healthcare Chaos Considering we got into this mess through living beyond our means, pushing the limits, and amplifying the inevitable payments of tomorrow for the short-lived gains of today, I suppose we can expect more of the same in our steps to clean up this mess.
This country has a massive debt and liability problem.
What would you do? First we have positive reform.
Reforming the system in various ways and with the goal of gradual change rather than shocking shifts would be an incredible effective and healthy way to deal with the Monster.
One issue however is that, as we have mentioned, taking wise actions before easy self-sabotage is very much not the US government's style.
With this in mind, despite the healthiness of reform, I am expecting us to choose the greasier options.
As Mike Gearhardt, author of The Financial Tsunami said during our interview, it has taken us decades to get into this mess, it should take us decades to get out.
At least.
What are you expecting? Exactly.
Source...