Raising Women’s Voices

How else could our government be spending $700 billion?

Posted in Uncategorized by raisingwomensvoices on October 6, 2008

Rose Ann Demoro at The Nation writes today about how else $700 billion could be spent if, say, access to quality health care for all Americans were a priority of our government leaders.

“Consider how far a $700 billion federal outlay would go in healthcare. It would provide health insurance for 58.3 million families, or all prescription drug costs in the United States for 3.2 years, or all out-of-pocket costs for patients for 2.7 years, or all Medicaid and State Children’s Health Program spending for 3.9 years.”

On a slightly more optimistic note, however, Demoro considers the one advantage of the economic disaster emanating from Wall Street.

“Reduced regulations and oversight failed spectacularly on Wall Street. They’ll make the healthcare crisis worse, as well. If there is an upside to the financial collapse, it is that level-headed people are once again speaking up for regulation and consumer protection are once again viewed as politically viable on all sides of the political spectrum. It’s needed–both in the financial services industry and for healthcare.

Check out the full article here.


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