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Rising Cost of Health-Care an Unsustainable Trend?

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  • Description

    FBN’s Gerri Willis on the steps to reducing the costs of health care.

  • Duration 2:56
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Obama care under fire from no less than the US Supreme Court.

And now Democrats.

Well they just a little -- about the possibility of losing the health care debate here's one.

But what I don't understand is what does Republican Party -- here if we can't have single Payer we can't have a public option and we can't individual responsibility what what we're gonna have here is that more Americans -- First off Americans are not dying in the street because we failed to nationalize health care.

You know this if it hit I have busting your taken to the emergency room look you'll get taking care -- The fundamental problem with health care in this country is skyrocketing costs rising two percentage points more than per capita GDP each and every year over the past.

Thirty years which means that health care costs are growing faster than our national income.

That according to James -- -- and Robert Moffett writing in national affairs.

Bottom line here the trend is unsustainable.

But Obama's prescription for fixing that funding was a new government entitlement program.

And an expensive one the estimated cost of obamacare doubled in just two years from 940 billion to nearly two trillion.

That's according to the CBO.

Repealing obamacare.

Isn't enough.

We need to fix the main problems with our health care system high costs and lack of availability of insurance coverage to many Americans.

The solution more private sector based system the replaces bloated government subsidies and tax breaks with.

Get this some discipline.

The -- and Moffett suggests replacing the and limited employer deduction for health care.

With the tax credit everybody working or not we'll get a tax credit to buy insurance.

Americans which shop for the best plan for them so that unlike Obama care.

Users can decide how comprehend hints of a plan they want young people could buy cheap policies that would cover expensive disasters like getting hit by a -- Boomers could buy more comprehensive coverage much of the cost will be borne by this tax credit.

But -- if you want the bells and whistles well you get what you pay for it.

The idea is far from crazy notion it's been put on the table by Senator John McCain and president George W.

Bush.

Competing insurance plans would bring down costs and then congress should move to reform hit that.

That's the federal law which allows workers to continue their existing insurance coverage.

When they lose their job.

Fortunately most of us don't opt to do that because the cost and we do look like for new coverage we may get rejected because of preexisting health conditions.

Broadening that -- and solve the problem one of the most important to voters.

And that's just the start to solving our healthcare problems but at the end of the day any plan needs to address expanding cost of health care.

That the government is absorbing.

Medicare and Medicaid have to be reformed starting a new entitlement program.

It's just not the answer that's what I think now we want.

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