Biotech Values

[Jonathan Robinson]

Dew,

Nice article. I was agreeing with the article as I read through it but still concerned about the safety net aspect and then boom, at the end, there it was.

I have to say that I have never understood why we need to subsidize healthcare for the older, better off generation as a class. They generally did not pay all that much for healthcare for their elders (much of the payments are new and have been in place for only a few decades), they generally paid lower taxes than most of the younger generation (shifting a bit now with the much lower rates since Reagan although this too will shift with coming tax increases which are inevitable), and they seem to at times, over-consume healthcare (last year of life argument). I don't mind the over-consumption (I have a sense I will spend whatever I can to extend my life unless too painful) but I mind others paying for it.

The main problem is the young do not vote and our representatives are generally old. I don't see a good compromise personally.

Jon

PS Having paid something on order of 50-100K for Medicare over my life (big range because sensitive info), I have a hard time seeing how I will ever get what I paid back out when factoring in time value of money. Not that I need to, but just another point.