Consumption and Real Estate
How will health care insurance public option resemble Fannie Mae mortgage public option?
Question : How will health care insurance public option resemble Fannie Mae mortgage public option?
Fannie Mae was supposed to improve access and affordability of mortgages for those who otherwise “could not afford” mortgages on the terms of free markets. The terms like 20% down and 35% max payment share of income.
Instead Fannie Mae destroyed all other competition, grabbed over 50% of the market to the tune of $ 5 trillion, cost the taxpayers $ 250 billion already and counting, as well as caused economic collapse worst wince WWII and also the very same people who were supposed to benefit instead lost their homes and money too.
Why should health care insurance public option be any different?
mortgage affordability
Best answer:
Answer by Holy Cow!
I would imagine not at all.
-
-
#2 written by The Patriot 1 year ago
No.
First of all, Obama is not going to bring in universal healthcare, a fact that many people (including those who voted for him) seem not to realise. He wants to make insurance more available to all.
Second, of course universal health-cover sucks. That is why we in Western Europe have it. We think, hmm, our healthcare system sucks. I know, lets keep it. I guess that is the same with Japan and Canada as well.
FACT – the USA spends more on healthcare PER PERSON than any other nation on the planet.
FACT – the US has higher death rates for kids aged under five than western European countries with universal health coverage.
That means that a dead American four year old would have had a better chance of life if they were born in Canada, France, Cuba, Germany, Japan etc, all of which have universal health coverage.
-
#3 written by callenqhranch 1 year ago
Depends on if Chris Dodd of the Senate and Barney Franks of the House of Reps are placed in charge since the program will be based on their home states program: Mass-Care
In that case we are all in for a world of hurt. Mass-Care is 1.5 BILLION in debt. and Massachusetts — Population: 6,349.097; yep we are headed down a path of no return.
Write your Senators and your Congressman tell them do not sign on to this fiasco in the making.
-
#4 written by tribeca_belle 1 year ago
No, it won’t. Fannie Mae became a private corporation. It ran into trouble when it tried to keep up with the other private competition in the area of mortgage backed securities. It took risks that it couldn’t afford and that were extremely unwise.
The health care option is entirely unrelated to the “creative” investment schemes on the part of the financial market that sank the economy.
-
#6 written by kcbf 1 year ago
It won’t be any different.
Fannie Mae is one of the biggest culprits when it came to providing loans to people who should never have qualified for them, under Clintion’s orders. Ultimately when it came time to pay the bills they couldn’t and now we are all paying for them, instead of promoting fiscal responsibilities.
With health care we are going to be paying for all of the unhealthy Americans who shouldn’t have coverage because they refuse to take care of themselves (obesity, heart disease, tobacco suse, drug and alcohol abuse). Instead of promoting healthy living, we do the opposite by supporting all of the unhealthy habits out there on our dime.
-
#7 written by Really tired of stupid people. 1 year ago
-
#9 written by Doodle 1 year ago
Do you have inside information? Last time I checked, the House passed a bill with a public option, but the Senate bill being considered leaves out a public option. I think it’s too soon to be considering this a fait accompli.
Besides, the two are totally separate issues so I doubt either will “resemble” the other. -
#12 written by Jimmbbo 1 year ago
Another winner!! If the gov’t gets involved, grab your wallet….
Social Security – BROKE, Medicare/Medicaid BROKE, Amtrak – Billions in debt, Post Office, unable to compete, War on Poverty – FAILED, after trillions “invested”, Fannie/ Freddie? HA! Bloviating Barney Frank’s memorial to congressional malfeasance.
- Comment Feed for this Post
Great points. It would differ only in that healthcare then gives a govt mandate and leverage to take more of our libertys and control more of the private sector in the name of “savings in healthcare costs.”
Also the bank only got to take your home. Govt helathcare takes peoples lives! (as evidenced from all the other industrialized nations where the govt does most of the healthcare spending) People literally die in ER’s and kids go without things like wheelchairs because of govt rationing!