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It’s been a long hot summer of debate and, dare I say it, discontent.
Over the past six months, Americans have watched with anticipation and increased trepidation as healthcare reform details slowly emerge.
President Obama has appropriately led the charge to alert Americans about the crisis and the need for change. At this point, we all know our current healthcare “system” does not work and we have all seen plenty of evidence detailing the symptoms and root causes of healthcare’s failure.
The problem, as evidenced by Sunday’s political talk show blitz, is that no one in Washington has addressed the real elephant in the room: healthcare inflation.
President Obama cited the right data during each of his interviews, specifically noting that healthcare premiums were up 5.5 percent last year during a period of negative inflation – and premiums have more than doubled in the past 10 years.
Healthcare costs are now growing chronically at double or triple the general inflation rate – and are expected to consume 19.5 percent of GDP by 2017.
Too bad none of the policy proposals on Capitol Hill include an economic plan that actually “bends the curve.”
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