Monday, March 22, 2010

Health Care Reform

Yesterday is being hailed as an historic day in our country as the House of Representatives passed reform measures for the health care industry. Many on both sides of the issue are claiming that they know how these measures will work and what effects they will have on our country but can anyone at this point in time really know what will come of this legislation? Who was there when Social Security was first passed to foresee how that plan would work? Many at that time envisioned Social Security as being a savings account of sorts that individuals would make deposits into and then be able to draw on those savings during retirement. That program has had to be rescued from certain insolvency already and today's deposits into the system are simply in turn paid out to the beneficiaries who are receiving payments. While Social Security certainly has its proponents it has not functioned over the last eighty or so years as many had intended and hoped that it would at the time it was passed into law. One wonders how these health care reforms will be amended and adjusted over time and if any will actually operate as intended by their authors and proponents. Only history will be able to tell us that.

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