What's the Biggest Drag on the US Economy?

The current US health care "system".

Dig down far enough, in almost any budget battle - federal, the cost of a college education or a local school budget - and one cost that has continued to rise, driving virtually all others, is health care.

The US has, as has been so often stated "the best health care system in the world" - IF, of course, you've got the cash.

If you don't, you either roll the dice or find a way to pony up. See this National Coalition on Health Care article on health care costs - interesting tidbit: "50 percent of all bankruptcy filings were partly the result of medical expenses."

This, as we listen to the ever-increasing whine of US industry about how they're being dragged down by the cost of health care. Certainly, health care costs continue to increase beyond anything rational. The problem however, is not that people need health care.

Is there perhaps a silver lining in the current economic crisis? In how it drives more of us to be entrepreneurial? Well, Bad Times Spur Entrepreneurship, But There's a Catch - the money quote?

America's health-care system makes it all but impossible for an older worker to try something new.

Even younger startup owners who are relatively healthy and have insurance are just a half-step from disaster.

So the bulk of our wisdom is hamstrung from the start. And the rest of us, well - step right up and take a spin. You may win big! Or just learn to live under a bridge.

So what is it, exactly, that's "best" about the US health care "system"? One might be forgiven if one were to conclude that it's best at redistributing wealth to the rich, from the rest of us. (As so many things are, in our new Unfettered Capitalism society.)

What to do? Let's go the the Wall Street Journal: Why Obama's Health Plan Is Better.

And as we begin to address the real issues facing us - rather than this quarter's (or this minute's) stock performance - we will see real long-term benefits spread.

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