Obamacare fails to solve big costs; Singapore plan works

November 27, 2013 

I'm sure you have noticed that the progressives, i.e. socialists, have a quick response to every criticism on Obamacare. In fact, all you have to do is to point out an obvious error in the plan and your comments will be taken out of context and condemned.

The main issue is the quality of the insurance you now have; you will be informed that you have a substandard plan. The fact that you do not need coverage for: a sex change operation, are a male and don't need maternity coverage, among many other issues, is inconsequential. The existing plan that you have does not cover these issues because you don't need them.

The assertion of "substandard" is a totally subjective one, singularly based on the personal opinion of the pronouncer.

The fact that Obamacare does not address tort reform, the single largest money issue in healthcare costs, nor the second largest issue, the FDA, whose costs for certification of a medication or process costs over $14 million per product, seems not to be a consideration. Portability of insurance is restricted by states. These three issues account for the bulk of the run-away costs of healthcare in America. Obamacare addresses not one of them.

There is, in fact, a far superior solution to healthcare; Singapore has it and it works. Citizens are allowed a healthcare savings account that is tax exempt. The employer, as well as the employee, pays into the plan on a split contribution system.

The plan can pay for 60 percent of the cost and government makes up the 40 percent. They have catastrophic coverage from the government, paid for by a 3 percent payroll tax that goes into a locked fund.

Costs are on average 45 percent lower than in America, service is better, drugs are cheaper, and everyone likes the system.

Dr. A.H. Krieg, CMFGE


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