Our federal government is already saddled with an enormous unfunded liability for Medicare. The most recent estimate is $24.6 trillion and no one knows where the money to cover these costs will come from, especially since the government collects a mere $2 trillion a year in Medicare premiums. How big is a trillion dollars? To get an idea of its gargantuan size convert that sum to seconds and guess what year it was a trillion seconds ago. No it wasn't 1492, the year Colombus discovered America. It wasn't even 5,000 BC when the Pyramids were built. That's not even close. The answer is a staggering 30,000 BC! So it appears as though our country has dug itself into a real hole just to pay its health care obligations. And if the $24.6 trillion figure of unfunded liabilities isn't bad enough, that figure was originally pegged at $37 trillon in 2009. The reason for this disparity seems to be that bureaucrats are able to create assumptions out of thin air. For now let us stick with the lower assumption but keep in mind that Medicaid, Medicare's sister program for the poor, also has mammoth unfunded liabilities as well. Overregulation by the US Government is a major cause of this sad state of affairs. For years Americans have paid exhorbitant prices for drugs under the guise that high profits would fund future breakthroughs leading to new miracle drugs. But despite these record high profits, few breakthroughs have taken place. In truth, pharmaceutical companies spend twice as much advertising their products as they do for research.They also petition the FDA to take action against any therapy that threatens their choke hold on the market. For instance, Wyeth, a prominent member of the drug cartel, asked the FDA to ban a natural form of the female hormone called estriol because it competed with two of its synthetic products called Premarin and Prempro which cause considerable harm to women taking them. But rather than spend money on research to find safer more effective drugs, the captive bureaucrats at the FDA decided that it was much cheaper to outlaw bioidentical estriol than ask Wyeth to go Back to the drawing boards and develop a safer alternative. In this way, Americans have been cheated out of safe alternatives to very expensive and often dangerous pharmaceuticles. In future blogs I will go into numerous other incidents, which because of government regulations, cause Americans to end up with dangerous and very expensive drugs that drive up the cost of health care unnecessarily. |
 |
|||||||
 
|
|
 
CategoriesCancerChemicals in our food and drinks Dangers of Prescription Drugs High Intensity Exercise Longevity Metabolic typing Nutritional Medicine Obesity The Causes of Aging and Degenerative Disease4 The Dangers of Prescription Drugs The High Cost of Health Care Welcome |
|||||
    |
|||||||
