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Posts Tagged ‘Healthcare’

I’m finishing up a swing through Canada, giving speeches for the Fraser Institute to audiences in Vancouver, Calgary, and Toronto. I’ve been talking about the size of government and the future of capitalism. As you might imagine, several people have asked about the battle in America over government-run healthcare and how the sysetm in the United States today compares to the Canadian system. I make two points. First, I tell tham that America’s health care system already is largely run by government. Obama’s proposal simply increases the level of control from perhaps 70 percent to 80 percent. Second, I tell them that the surviving remnants of a free market in the United States are worth preserving. Politicians have made the American system very cumbersome and expensive, but it is nonetheless the place where people want to be when their lives are on the line. So it’s quite appropriate that this bit of news was just unveiled:

Newfoundland and Labrador Premier Danny Williams is set to undergo heart surgery this week in the United States. CBC News confirmed Monday that Williams, 59, left the province earlier in the day and will have surgery later in the week. The premier’s office provided few details, beyond confirming that he would have heart surgery and saying that it was not necessarily a routine procedure.

Why is it that Canadian politicians come to the United States, but the medical traffic never heads in the other direction? Somebody should ask Obama to provide an answer.

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This is a great speech by Judge Napolitano. The first and last parts focus on whether Congress has the authority (or competence) to run a health care system. The answer, for those who care about the Constitution, is no. The middle part of the speech, though, is about government oppression and the PATRIOT Act. I hope that he somehow has it wrong and this is not really part of the law.

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In a Cato podcast, I explain why government-run healthcare system will be vastly more expensive than we are being told. This covers some of the same material that is in my recent video, but there’s no need to see my face (and if you don’t like my voice or want to see my face, you can read a two-page report on the topic from Cato).

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Here’s a very clever video from the Ladies4Liberty. It’s funny, but the lesson about what will happen to our healthcare system is deadly serious.

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The punitive class-warfare mentality of the left can be found buried in the healthcare bill. The Wall Street Journal dug deep and found a big capital gains tax increase. Ideally, there should be no double taxation of income that is saved and invested, which means the right tax rate is zero. Boosting the rate from 15 percent to 25.4 percent is a big step in the wrong direction, of course, and almost surely will lose revenue (and definitely will undermine growth):

Our job is to read bad legislation so you don’t have to, and on that score we may demand combat pay for plowing our way through the House health-care bill that passed on Saturday. …House Democrats are funding their new entitlement with a 5.4% surtax on incomes above $500,000 for individuals and above $1 million for joint filers. The surcharge is intended to snag the greatest number of taxpayers to raise some $460.5 billion, and so the House has written it to apply to modified adjusted gross income. That means it includes both capital gains and dividends. That surtax takes effect on January 1, 2011, or the day the Bush tax rates of 2001 and 2003 expire. Today’s capital gains tax rate of 15% would bounce back to 20% because of the Bush repeal and then to 25.4% with the surtax. That’s a 69% increase, overnight.

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This video provides 12 reasons in less than 7 minutes.

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Republicans usually are not very creative, so I’m uncharacteristically impressed that they have come up with a devastating chart showing the bureaucratic nightmare that will be created (on top of the current mess) for health care.

Congressman Brady of Texas gets an award for the best one-liner, saying about the Pelosi plan that “If the IRS and Medicare had a baby, it would look like this.”

Pelosi Plan

For a closer look, click this PDF link.

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