Health Care Reform Update

On Wednesday night, President Barack Obama hit the airwaves to discuss the idea of massive and sweeping health care reform. An unusual arrangement with ABC News allowed the president to hold a town-hall style interview, where he addressed questions directly, and drummed up support for the health care reform that is drawing much attention in the news.

There are roughly 50 million Americans without health insurance. According to Health and Human Services Secretary Kathleen Sebelius in a meeting with House Energy and Commerce Committee, lowering health care costs and providing insurance for those without insurance is “our most important domestic priority."

There have been various proposals as to how to achieve these goals, the most controversial of which is the idea of a “public option”, which goes beyond the parameters of Medicare and Medicaid. This would essentially be government provided health insurance, which would compete with the private insurance companies already in existence. President Obama is in support of this idea, as he emphasizes that this public option would keep the private insurance companies in check, and help to lower overall health care costs.

Skeptics of a public option, including current health insurance providers, claim that the public option would drive business away from private health insurance companies, and into the arms of the government. The rhetoric “socialized medicine” has been thrown around, particularly from the political right wing.

The price tag on universal coverage is estimated between $1 trillion and $1.6 trillion, and could climb as high as $2 trillion. Savings have been offered to the tune of roughly $622 billion, which leaves a remainder of at least $300 billion to come up with.

Options for obtaining that kind of money include taxing employer-sponsored health care benefits, an idea that for a long time has had many up in arms.

This proposal has gained some recent support, however, from Sen. Kent Conrad, D-N.D., and Sen. Max Baucus, D-Mont., the top two Democrats on the Senate Finance Committee. This announcement came Wednesday, with the notion that perhaps only additional benefits beyond a certain price level would be taxed.

Health care reform seems imminent, but it may take a while for the legislation to actually go through. Many special interest groups have been contacting senators and representatives this week, with each area of the health care industry wanting their voice heard.

There are loud voices on both sides of the argument of the public option, but a recent poll from CBS/New York Times shows some interesting figures. Seventy-two percent of Americans asked supported coverage for people similar to the coverage received by those qualifying for Medicaid. In the same poll, 57 percent reported that they would be willing to pay higher taxes to support the cost of that insurance.

A poll conducted by ABC/The Washington Post this month, however, found that 58 percent of Americans were “very” concerned that the quality of health care that they are currently receiving would be reduced, and another 23 percent reported that they were “somewhat” concerned about the same issue.

The video of the televised special can be seen at the ABC news website.

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