Health Care Debate Essay

On Monday, April 25 I attended the Health Care Debate: Market vs. Government Solutions lectured by Gregg Robinson and Scott McGann. The debaters brought forward many interesting points and believes, Doctor Robinson mentions that the US spends about 2,919,000 million dollars on healthcare every year which is roughly about $8,745 per person. Doctor Robinson also mentions how we pay about 17% of our GDP on healthcare, which is more than any other industrialized country, but yet we have the worst healthcare. In his conclusion Dr. Robinson made it well known that he believes that we should switch to a third party payment system. In the other hand Professor McGann, mention that a third party payment system would lower cost, but it would also lower coverage, not only because the cost would go down but also because there would be a lack of competition. Professor McGann also brought up that ever since the affordable care act when into effect insurance companies started charging a lot more for minimal coverage.
One thing I learned while attending this lecture was the 80/20 rule which refers to 20% of the population accounts for 80% of expenses. Half the population has virtually no medical expenses, and we usually
William Commings on Wednesday April 27 2016. In this debate both professor McGann and Dr. Commings provided us with their believes on many different ongoing topics that affect all of us today. For example, the first topic that was brought forward was flat taxes, professor McGann was very adamant that the government should tax everybody the same amount which pretty much means that everybody pays the same percentage of their income to the government. In the other hand Dr. Commings mention that 10% of a poor man’s income is very important, but 10% of a rich man's income not so much. So a flat tax wouldn’t be