My proposal for a new system Essay Example | Topics and Well Written Essays - 750 words

My proposal for a new system - Essay Exampleiece of the proposal is to produce wellness insurance affordable for all Americans so that it serves as an extension of social security in times of distress.At present wellness insurance coverage of American citizens is covered by their employers, which puts them in danger of losing insurance along with their jobs. With the global economic recession more acute here in the U.S., the country has seen unprecedented numbers of job losses in the last few months. Not since the enormous Depression of the 1930s did the nation confront such a disaster. It is adjust that a comprehensive regenerate of the healthcare system at a time of economic turmoil is not practically feasible. yet research conducted by the Commonwealth Fund indicates that extending insurance coverage to all American citizens would only bell an additional $104 billion for the federal government. While this may seem a huge sum in isolation, it is significantly smaller compared to the $700 billion rescue excogitation that the new President got ratified by Congress. In other words, my proposal for a new healthcare system endorses the implementation of the promised universal healthcare plan of Barack Obama. Nobel Prize winning economist Paul Krugman also supports this proposal and adds that it is true that the cost of universal health care will be a continuing expense, reaching far into the future. But that has always been trueand the temporary expenses of his stimulus plan shouldnt change that calculation (Krugman, 2009).This $104 billion proposal for universal health insurance coverage would have the added benefit of stimulating the economy. In other words, the proposed tax-cuts as part of the Obama governing bodys stimulus package could instead be substituted with health insurance provisions for American citizens across the socio-economic spectrum, thereby solving two problems at once health care and economic crisis. And more importantly, by virtue o f being applicable across social, economic