Health-care Wastes up to 800 billion a year!
This is the worst example of waste I have ever heard of! Thomson Reuters, the news mega giant and one of the 4 news real agencies in America, did this study and found that the governments waste up to 800 billion this year. Yes it is billion, with a freaking b!
37% of the waste is to have protection against malpractice suits. 22% is just wasted fraud, where are the Feds!? Aren’t they supposed to settle this? Having a rigid paper system alone wastes up to $60 billion a year! Administrative inefficiency and medical mistakes take up 18% and 11% respectively. What are we thinking wasting all this money away!
$800 billion. What was our government and our Presidents doing the last 10 years? Was President Clinton too busy with interns in the Oval Office? Was President Bush just too dumb not to understand how big $800 billion was.
$800 billion, that is close to the cost of the stimulus package, every year. $800 billion, that is higher than the defense budget. $800billion, that is more than what we gave out to corporations via TARP last year. It is bloody insane that this had gone unnoticed!
The best part is that Reuters reports that there is at least $505 billion in wastage every year. So we are wasting at least half a trillion a year! I really though that the President was exaggerating it when he said that we could save half a trillion in Medicare by cutting wastes, but he was proven right!
There is also the perspective of the national debt here. $500 billion may be today’s figure, but I bet that we have wasted $2.5 trillion in the last ten years. If we are to include long term interest, we are going to get the figure to be around $3trillion. And that is at the lowest end of the spectrum.
Do you know what does this mean? It means that all the while health care has all along been the huge component of the national deficit. All the while everybody, including me, had been ignoring these numbers at our own peril! We must wake up to this!
The report also suggests that $1 out of every $3 of our health care bill is a waste. $1 in $3! Can you imagine what would happen if this kind of wastage happens outside government? I sure know that my boss would fire me if I wasted that ratio of office funds!
Where in the world are the other so called news agencies in America reporting this? Where is FOX News, MSNBC, CNN, HLN, PBS and so on. Isn’t this the top news? What can be bigger than this? Hillary Clinton, Balloon Boy hoax, ACORN (guess which channel still runs that nonsense?) or the LA Dodger’s divorce? Why don’t they report this at all?
It is time that we hang place politicians feet by the fire! Having entire bodies of Congress ignoring this is next to treason to me! It really appalls and offends me! That being said, we should give credit where it is due and we would like to thank our President for bringing this up.
Please visit http://www.reuters.com/article/newsOne/idUSTRE59P0L320091026?pageNumber=1&virtualBrandChannel=0 for further reading
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Clinton’s fury?
Many claim that there would be a Clinton vs Obama 2. I would not go that far, but Secretary of State, Hillary Clinton is clearly venting her frustration at the length of the vetting process of nominees appointed by President Obama. She feels that President Obama is not pushing them fast enough through Congress.
First, lets put ourselves in Secretary Clinton’s shoes. Who would not be angry when six months through the Presidency, you have got to tell other countries that a lot of the nominations like the Surgeon General of America or the head of USAID positions are not filled up? Especially so when there are other democracies that can do it within weeks or even days.
However, as I said in a few articles ago, the United States has one of the best systems of government in the world, or even the best one, because of all the check and balances in place. One of the best things about the American form of governance is that every nominee that is nominated by an elected President goes through 2 separate chambers of government that are all elected by the people. In this way, there is assurance that the President does not have too much power in his hands.
In some cases, the Republicans requested some time. E.g. They requested that they be given 3 months for the nomination of Supreme Court nominee, Sonia Sotomayor. This is on the grounds that when President Bush was around, he gave Democrats that amount of time for vetting his nominee. I believe that that is a very fair.
Also, in this era, there is a good amount of openness when it comes to non-classified information. We can easily follow what Congress is doing with CSPAN or in sites such as www.thomas.loc.gov or www.opencongress.org. The very notion that an American can see and know what is going on, is a sign of a very great country that United States is to me.
I think that on this case, Secretary Hillary Clinton is very wrong on this issue. I also wonder what kind of President she would have made, if she is already impatient and bothered with decisions that has nothing to do with her appointment. In my opinion, I think she would have been an iron lady, someone that is of similar mold as the late UK Prime Minister Margaret Thatcher and the late Indian Prime Minister, Indira Gandhi.
President Obama should be careful though of not tick off Secretary Clinton. He still needs her to win another term. Make her more mad and he would pay the price, as I do not think he is able to sideline her politically.
That being said, I hope that President Obama does not take Secretary Clinton’s advice at all. I think that that would be a big mistake and a stepping on of democracy in America.
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