NIA Says Health Care Will Cause U.S. Dollar Collapse

FORT LEE, N.J., July 7 /PRNewswire-USNewswire/ -- The National Inflation
Association today released the following statement to its http://inflation.us
members:

"It is becoming increasingly likely that health care will be the straw that
causes the U.S. Dollar to collapse. There is no doubt about it that health
care costs are out-of-control in America. Unfortunately, most Americans are
calling for the government to do something about astronomical health care
costs, when the government is actually the cause of the crisis and will only
make it much worse.

Medicare costs have increased from $3 billion in 1966 to an estimated $408
billion in 2009. This equals a compound annual growth rate of 12% and proves
that inflation gravitates towards parts of the economy where government is
involved in the most. Health care now accounts for 17% of the U.S. GDP, and by
2017 it is estimated that one out of every $5 spent in this country will be on
health care.

Isn't it amazing that the one area of medical care that is going down in price
is plastic surgery and other cosmetic procedures, because it is the area where
the government is involved in the least? Free market forces dictate plastic
surgery prices, because health insurance typically does not cover it.

Today we have a system where tax free health benefits from employers force
Americans into expensive health insurance plans that encourage individuals to
claim every small doctor's visit. This creates abuse of the system with
Americans going to the emergency room for unnecessary reasons, knowing they
will only have to pay a $10 co-pay.

If Americans were able to take home the cost of their health insurance plans,
in the form of higher wages, they would then be able to purchase cheaper
health insurance plans on their own that cover only bad accidents and major
emergencies. If they wanted to see the doctor for something minor, they could
pay for it out of pocket. With less people abusing the system, waits would be
shorter and doctors would be encouraged to charge the least. Today, with
doctors getting paid by a handful of third-party corporations, they are
encouraged to charge the most.

Government intervention into health care has ruined the industry for doctors
too. The government has made the industry less efficient by creating too many
licenses and regulations. Doctors now spend half of their time filling out
excessive paperwork while worrying about malpractice lawsuits. If somebody has
a small bruise on their arm, instead of telling the patient to use ice,
doctors now run multiple tests and fill out dozens of forms to comply with
regulations and prevent themselves from being sued.

Obama's plan of socialized health care will wipe out the private sector and
create less competition. No private health insurance companies will be able to
compete with the government, which will be able to operate at a loss
continuously. With any remaining efficiencies of the free market eliminated,
costs will go up for all Americans in the form of much higher inflation, and
the quality of health care will go down.

If we want the U.S. to remain the country where millions of people travel to
for top quality medical care, we need to allow the free market to work for
itself. Free market principles are the only way to drive costs down while
improving the quality of health care."

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http://inflation.us

About us:
The National Inflation Association is an organization that is dedicated to
preparing Americans for hyperinflation. The NIA offers free membership at
http://www.inflation.us and provides its members with articles about the
economy and inflation, news stories, important charts not shown by the
mainstream media; YouTube videos featuring Jim Rogers, Marc Faber, Ron Paul,
Peter Schiff, and others; and profiles of gold, silver, and agriculture
companies that we believe could prosper in an inflationary environment.
Contact:
Staff
Editor@inflation.us
1 (888) 99-NIAUS

SOURCE National Inflation Association

Gerard Adams of National Inflation Association, +1-888-99-NIAUS