Skip to main content

Posts

Showing posts from November, 2020

Rather Pay $2T per Year or $500B One-Time?

The answer to this question should be a no-brainer: Is it better to pay trillions of dollars annually in preventable chronic health costs, or to pay a cumulative $500-600 billion or so one-time to cover all  student college loan defaults or Great Recession mortgage losses ? Hmmm.  And what's the connection? We got the massive Dodd-Frank Reform in 2010 to prevent future financial catastrophes, and hopefully Great Recession 2.0--after 1.0 cost private lenders $535B, plus much collateral damage to families & the economy.  We then got  Obama-era regulations, subsequently reversed under Trump ,  to help prevent student loan defaults.  Now Biden has proposed eliminating all  public college/university, historically black college and undergraduate student debt .   This would make a big dent in about $585B in expected student loan defaults.  So where are the massive federal proposals to head off chronic diseases before they start?   With total US health spending at about $4T/year, that