US Health Care Bill Gets Approval

The US House of Representatives has passed the US Health Care Bill so that President Barack Obama can fulfill his medical reform dream in the past 100 years in US history. He said that: "The Americans responded to the call of history." Indeed, in retrospect, we can see that the United States is the only advanced country that does not have a proper medical health care plan at national level.

Health Insurance Sector
The population of this advanced country will have to buy their own private health insurance to prepare for emergency use. However, out of the total US population of 300 million, nearly 50 million people in the United States are without any form of proper health care insurance. Still then, the US medical health care cost has continued to rise steadily.

In 2007, the United States spent $2.2 trillion on medical care. It accounted for 6.2 percent of the Gross Domestic Product (GDP). Such medical care cost is two folds higher as compared with other advanced country. As such, how the US Government can make more citizens effectively protected under the new health care reform plan and how to make this new health care plan system to run more efficiently in carry out its intended goals have become the Obama administration's priority.

Affecting Unemployment Rate
For Malaysia, the start-up of any social welfare plan can immediately add to the financial burden of existing workers and their employers. If the Government tries to put such social welfare or medical health care plan into practice in great hurry, the production cost of businesses and enterprises will drastically be increased. This can lead to drastic reduction in Malaysia's external competitiveness and trigger another round of migration of foreign investment to other countries. When this happens, not only the economic growth of the country will be affected, the unemployment rate can also drastically be increased.

Through US President Obama's health care reform plan, we can understand that any effort in pushing out social welfare or health care plan by any nation must take into account the affordability of the government and the civil society!