Health Care

The most recent debate in the news has been about health care. Actually, for a while it seemed as if that was all that was in the news. A few days ago, a new plan for health care was passed by the democrats. There is a lot to the bill so I try to pay attention to just the main points. When I read the paper I was astonished to find that 32 million people that did not have health insurance would now have it. I couldn’t believe that that many people didn’t have it in the first place. I am a firm believer that everyone in the country should have heath care whether they want it or not. You may be a healthy person but you never know when you will be in a car accident or if you will be diagnosed with cancer.

When the health care bill was released, a lot of the pharmaceutical companies were against it for fear they would lose money. After all, under the new bill pharmaceutical companies would be required to pay millions more than usual to the government. The government, eager to strike back, explained that the revenue of the pharmaceutical companies would jump far higher than any bills they were forced to pay. This is because far more people, 32 million to be exact, would be able to get the drugs and medication they needed. The pharmaceutical companies would then get paid off by the insurance companies. The insurance companies, in this whole mess, I have found out will pretty much remain neutral. This means they won’t make more money, but at the same time they aren’t expected to lose any either. They also don’t have to worry about insurance run by the government taking them over because there won’t be any governmental insurance.

Another main topic of discussion was the stock market. It was expected that this new heath bill would make the market go down. For some reason this didn’t happen and the stock market actually increased. I don’t understand exactly why but I do know that it is good news. Another note of good news is that not only has the stock market benefited for the time being, the hospitals will also benefit. Emergency rooms treat patients’ everyday that don’t have health insurance. They lose out big time on these patients. With the new health bill these uninsured people would become insured people and would no longer be a problem to the hospitals. The biggest benefit to the new health care bill to me was that I will now be able to use my parents’ health insurance until I’m 26.

Here is a link to the many more benefits of the new health care bill!