Archive for January, 2008

Clinton VS. Obama (Healthcare Reform)

January 27th, 2008 -- Posted in American Politics | 6 Comments »

“In 2005, the United States spent 16% (up from 14% in 2000) of its Gross Domestic Product (GDP) on health care, a greater share than any other developed country for which data are collected by the Organization of Economic Co-operation and Development.” This was a quote taken from the annual report issued by the CDC with regards to the state of healthcare within the United States. The cost of healthcare has risen around the world and even more so in the United States due to the sheer number of providers, costly system and huge malpractice insurance amounts that most doctors have to pay. These are not all the factors by any chance but they are some of the more significant ones. I am writing this article from three perspectives:

1. My dad has been a GP for all 25 years of my existence and has experienced some of these healthcare issues from the practitioner’s side.

2. I have worked for a major Healthcare provider in the USA and do have some first hand knowledge of the systems and costs involved.

3. I have paid for health insurance from my first day of college in America till the last day of work in my previous employer.

I decided to examine this healthcare issue because it is one of the more significant issues coming up to the election and in part due to a question posed on Facebook:

What issues matter to the American People

I think many people around the world often listen to the promises of politicians but do not actually examine the facts behind what they say. I have done this and examined both the Healthcare plan as offered by Hillary Clinton and the plan offered by Barack Obama. Here are some of my conclusions in no particular order because they all warrant attention (All information regarding the plans were extracted from the candidates websites):

1. The first thing you will notice is that Senator Obama’s plan is 15 pages including references while Senator Clinton’s plan is a mere 3 pages. I realize this does not mean a lot but if I was a gambling man, I would say Senator Clinton relies on more than just the facts to sway the minds of the voters.

2. The plans are essential the same in a broad sense with both candidates mentioning that they want all Americans to be covered by health insurance and they use the number of 47 million Americans being uninsured. Both candidates also reference the Federal Employee Health Benefit Program as a basis for the national healthcare plan that they will create. Another similarity is that both candidates state that no American will be excluded on the basis of pre-existing conditions.

3.  With the similarities out of the way, we can go to the most significant difference that being the explanation of the plans. Senator Clinton’s plan is vague at best with two to three lines of detail over each sub-topic. She mentions modernizing the health system however unlike Senator Obama she does not go into detail as to how it gets done. Senator Obama mentions the key phrase “Health IT Investment”, as a former employee of a healthcare company, I can say this is essential in any potential health plan as the costs are quite outrageous. I cannot go into speciic amounts but my organization was paying a minimum of $10,000 a month for our I.T system which if reduced, we could pass on the savings to our customers. Working for a healthcare company, I was paying $100 a month as a premium for healthcare coverage. I also remember when I was in College, I looked around for private healthcare for just myself and the cheapest quote I could get was $140 for myself as a student. These costs are even more absurd when you consider the co-payments you will have to pay when you visit the Dentist or Doctor. Senator Obama mentions an integration of healthcare systems around the country in order to minimize costs associated with paper methodology.  My father has never practiced in America but I can see from personal experience here in Ireland and in the USA that many doctors have modernized but still heavily rely on paper. This needs to stop and this is one of the more important differences I noticed in my analysis of the two plans.

4. I will acknowledge that Senator Clinton uses two words that Senator Obama does not in his plan which is “Fiscally Responsible.”  Modernizing the healthcare system is all good and fine but where is the money going to come from? There is only so much that the Government can afford to spend and take of the drug companies, insurance providers before the cost falls to the consumer. Any potential healthcare plan must (with a capital M) be cost effective so that an already tight financial situation in the USA is not worsened because some candidate is forced to keep his promises.

5. Senator Obama mentions the use of generics; this was a major issue in the USA a few years ago because the mayor of Springfield, MA allowed his citizens to buy drugs from Canada even though the federal government declared it illegal. Generics save a lot of money and the fact that the Federal government has outlawed them thanks to the lobbying from the big drug companies is crazy. The needs of the people must be taken over the needs of big business, as long as the generics are tested fine, I see no reason why citizens of the USA cannot order medication from countries like Canada where it is far cheaper.

6. There are many other differences between these two policies but the last and probably the most important thing I would like to discuss with reference to these two candidates is that Senator Obama mentions the need for American’s to change their lifestyle. He used a good statistic referencing that 133 million Americans suffer from chronic illnesses like Diabetes, Asthma, and Obesity. As someone who lived in America for 6 years, I know all about the lifestyle. Many people drive everywhere unlike Europe where people walk a lot more, the meals are actually larger in the USA because I have compared a Large Quizno’s sub to a Large here in Ireland and the Irish Quizno’s is decidedly lacking. Senator Obama makes a good point in that Americans need to change their lifestyle in order to improve the health of the whole country and eventually productivity since people who are sick are a strain on the healthcare system and cost the whole country at the end of the day.

Changes like these are by no means instantaneous and especially the last point but my whole point in this article is that I urge voters to research beyond what the candidate says and look at the hard facts. Senator Obama’s plan is more comprehensive and covers the essential measures that effect America today and for the years to come.  Healthcare needs to be an evolving concept that intertwines the average citizen, the government, the drug companies and the insurance companies in an equilibrium that benefits all and it is my view that Senator Obama is the person who can create such a plan.

Should we be worried?

January 25th, 2008 -- Posted in American Politics | No Comments »

This week has been an amazing week in history in terms of the economy of the United States and the world as a whole, the Federal Reserve chairman Ben Bernanke cut the rate by a historic 0.75%. I don’t know how much many of you follow these rate adjustments but the most that has ever happened in the last century is a .50% point cut with a 0.25% adjustment being the norm. This cut helped Wall Street significantly in curbing the large losses that were expected however my question to you, is it enough?

I think it is a good start but what we need now is a quick implemented economic stimulus package that helps business and the consumer. I was speaking to a good friend of mine who’s blog you can see on the blogroll. Please read her entry regarding this subject but she also mentioned that a recession in America would be necessary as a metaphorical immuno-booster. I am quite pro-American but think about this statement for a moment… The world’s economies are linked in the 21st century thanks to technology and open trade agreements. People can travel anywhere they want to with relevant respect to the immigration policy. We have massive migrations of workers from places like France, Poland and Lithuania to Ireland in the case of my current location.

What’s the point of all of that? Just back to what my friend said and what I will now say, the majority of the economies around the world are linked. With the slowing down (recession) of the American economy, 2008 is going to be a volatile time for the global economy. That being said, Friday the 25th of January was a good day for Asian stock markets who rallied significantly on the losses of this past week. This poses another question for the Average global citizen to think about. Is the safe bet to put your money in Asia? I am skeptical on that question but I believe with enough research that there are certain sectors you can invest in that will provide stable growth. The critical point though is research which is something I have not done but I urge every single one of you to do.

Lastly I have attached a graph courtesy of the American Research Group which shows that President Bush’s approval rating rose by 2% from December to January despite the worsening financial situation. What does this tell you? It tells me that despite my previous entry stating that most American’s are thinking about the economy, I think perhaps to a lesser degree I was wrong earlier. I still believe the economy is the chief concern is most American’s minds but perhaps other issues like healthcare are moving into the field of consideration. I think in terms of the domino effect as my friend Amilie mentions in her blog entry, we can expect Asian and European markets to keep feeling the heat however this will be nothing compared to what the average American feels.

American Research Group Study

The next entry will compare Barrack Obama’s Healthcare plan and Hillary Clintons. So I hope you have bookmarked this page.

Clinton to win in Nevada

January 18th, 2008 -- Posted in American Politics | No Comments »

Its about 11:06 pm here in Ireland and too my dissapointment, Hillary Clinton has in all esscence won the Nevada Caucuses. This is not bad news by any stretch of the imagination for an Obama supporter like myself however I have this feeling that Mrs.Clinton will start to pull ahead in the coming weeks and months. This is nothing something I would like to admit because I adamantly believe up until this very moment that Barack Obama is the best choice for the next president for the United States but I must accept the reality of the situation.

Clinton has most likely won in Nevada but there are still many other States where the Obama campaign can turn it around. I think the biggest problem with the Obama campaign and the canidate himself is that people percieve him to be inexperienced to run a country like the United States. Speaking to a colleague of mine at work the other day, she said the only reason she supported Clinton was because she had more experience. I agree that this is a good reason to support a canidate however it should not be your only reason. Mr.Obama is a new to Washington in ever sense of the word but I think the United States needs new at the moment.

I love the USA and I think it is a great country but there are some fundamental flaws that need to be fixed. The economy for one, considering the lackluster economic package the president offered this past week. Have a look at the ABC Facebook poll that I extracted from my facebook account:

A Facebook ABC Poll on the Economy

Americans are worried about the economy contrary to what Republicans will tell you, and no wonder considering the sub-prime crisis, slow job growth and slow down in home sales. Foreign entities are ploughing cash into debt laden American companies like Merrily Lynch, Citigroup which is not only a security risk but is something that could hurt American policies in the years to come. Despite my favoristism towards Mr.Obama I believe the next president needs to take drastic steps to change the direction of the economy.

It’s getting late here so I would like to conclude with a Video from Hillary Clinton’s stop in Nevada (Courtest of YouTube of course):

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