www.truthdig.com/report/item/20090701_suddenly_a_trillion_do...
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ARepublicIfYouCanKeepIt since 13 hours 10 minutes, published about 5 hours 48 minutes
If Americans hope to discuss health care, climate change, green economics or public infrastructure with any degree of realism, then the time has come to acknowledge that hearing someone say “a trillion dollars” is no reason to panic. Politicians and pundits cite that figure to argue that we cannot afford health care reform, following recent cost estimates by the Congressional Budget Office, but the plain truth is that we spend (and squander) more than that on purposes not nearly so wise and humane as universal quality health care.....As a matter of fact, America’s current health care system wastes considerably more than a trillion dollars every year. We know that because countries such as France, Germany, Japan and Finland, with standards of living comparable to ours, spend roughly half what the United States spends annually on health care per citizen, while they cover everyone and achieve better results. So if the total cost of American health care over the coming decade reaches $40 trillion, as economists expect, then we will be “wasting” approximately $20 trillion, or $2 trillion a year. ...Investing a trillion dollars or so in modernizing and improving our health care system is a good bargain—especially when contrasted with the maddening way that we have thrown away tax dollars over the past several years....