Thursday, August 13, 2009
Seniors Beware Obamacare
The ChicagoBoyz Shannon Love addresses an inconvenient truth about health costs.
With Obamacare, medical spending will be like baking one pie for three siblings. If one sibling gets a bigger piece that automatically means the other two siblings get smaller pieces. The one-pie system has a built-in automatic source of conflict.
The elderly consume 70% of all health-care spending. That means that when it comes to cost control they will bear the brunt of the burden. If we don’t cut spending on the elderly we can’t reduce costs without simply denying care for everyone else. When it comes down to a choice between spending on old people and children, the elderly know full well who we are going to pick. The elderly themselves will choose to spend money on their grandchildren rather than themselves.