One Cause of Our Economic Mess: Health Care

    Submitted by Anonymous (not verified) on Sat, 01/02/2010 - 09:50

    By Richard Henderson, Publisher of Home Business Magazine

    Nothing could have a more positive impact on the home-based business sector than fixing our broken system of health care. Take a good, honest look at our health care system. It’s broken.

    If you don’t have some form of government-funded care, private insurance only works if you really don’t need it or if you are wealthy. Tens of millions are uninsured or are denied coverage. Health costs are rising at rates of inflation that are unsustainable. We already pay 50% more for health care than other industrialized nations. We’ve left private sector insurance in charge of most of our health care for 50 years now, and it is a mess that is bankrupting our country.

    That said, I don’t think I have ever seen so much uproar as I have seen behind the arguments against fixing health care. Please keep an open mind about responsible government intervention and regulation, in partnership with the private sector, to fix health care. We all have to contribute to a health care system to create the large risk pools needed for insurance to be feasible.

    A government health care option is essential to keeping insurance companies from abusing and excessively profiting off sickness and health. We also need stronger legislation to regulate private insurers. In matters of life and death, such as national defense and police and fire protection, we always look to the government to ensure those needs are best served. Health care should be no different.

    But I have a more personal reason for endorsing a public option in health care. There is nothing our government could do to better grow the home-based business sector than fixing health care and providing a public option. Fear over losing a company-sponsored health care plan is the single biggest reason why part-time business owners do not become full-time; or why millions more cannot afford to start a small business. They can’t afford private health care or lack independent access to it.

     

    I understand this personally. If I were not able to get family health care through the military, as a Reserve Navy Officer I'd be faced with the same fears and health care risks shared by most other business owners. HBM

     

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