Tuesday, August 4, 2009

On Obama's Health Plan

Simply put, Obama's health plan is a bad choice and needs to be rejected. Aside from costing over 1 trillion dollars over the next ten years, there are other factors that should relegate such a careless, reckless and imprudent plan to the trash can. Feldstein (professor of economics at Harvard) offers a fair critique along with other averse side effects:
"For the 85 percent of Americans who already have health insurance, the Obama health plan is bad news. It means higher taxes, less health care, and no protection if they lose their current insurance because of unemployment or retirement."
- Martin Feldstien, "Obama's Plan Isn't the Answer," in The Washington Post July 28, 2009 [on-line]. Available from http://www.washingtonpost.com/wp-dyn/content/article/2009/07/27/AR2009072701905.html

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