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Title: Blog by Novelist William S. Frankl, MD

Archive for June, 2011

30% Of Companies Will Stop Offering Health Insurance.

Sunday, June 12th, 2011

According to a study by the consulting firm McKinsey and Co., as companies consider the effects of Obamacare, the more likely they are to radically restructure the way they provides health insurance to their employees. The study predicts that as many as 30% percent, or more, of companies will cease offering health insurance benefits, reduce the level of benefits, or offer benefits only to “special” employees. If this study is correct, the number of Americans who could see changes to their health insurance could be up to 75 million.

So, I guess Obama’s assurance during his Obamacare offensive that  you can keep your insurance and your doctor if you are satisfied is just another one of his fictitious promises.

The War Against the U.S. Economy

Sunday, June 12th, 2011

The current unemployment rate in the U.S. is 9.1%. Many U.S. manufacturing jobs once in the U.S. are now in other countries with a much more friendly business climate than the U.S. has. Some facts concerning U.S. job losses are as follows:

1.The U. S. has lost almost 42,400 factories since 2001. 75% of those factories employed over 500 people when they were in operation.

2.The U. S. has lost about 5.5 million manufacturing jobs since October 2000.

3. Dell Inc., one of America’s largest computer manufacturers plans to expand its operations in China with an investment of more than $100 billion over the next 10 years. Dell will close its last large U.S. manufacturing facility in Winston-Salem, North Carolina in November, meaning 900 jobs lost.

4. IBM has more employees outside the U.S. than inside the U.S..

5. In 2009, G.E. lobbied the federal government to ban incandescent light bulbs, beginning in 2012. G.E. makes CFL toxic mercury bulbs in China. GE has announced it will close three U.S. incandescent bulb plants with the loss of 400 jobs.

6. Ford has built an ultra modern assembly plant in Brazil, and might not ever again build an assembly plant in the U.S.

7. The Economic Policy Institute claims that if the U.S. trade deficit with China continues to increase at the present rate, the U.S. economy will lose more than half a million jobs this year in 2011.

Why is the U.S. losing all these jobs?:

1. The corporate tax rate in the U.S. is the highest in the world and will get higher if the Bush tax cuts are repealed.

2.The Obama administration has bypassed Congress on the cap and trade bill and told the EPA to classify carbon dioxide as a pollutant in an effort to reduce global warming. This increases the cost of manufacturing, and drives more jobs to other countries, especially China which has few environmental restrictions.

3. Unions have demanded higher and higher wages and benefits until unionized U.S. companies find it virtually impossible to compete in the world market. And union work rules and strikes reduce productivity making U.S. manufacturers less competitive in the world market.

4. Boeing wants to produce planes in South Carolina, a right-to-work state. Obama and the National Labor Relations Board are attempting to block this move, saying it would be unfair to Boeing’s unions, despite the fact that Boeing has hired more workers for its existing plant in Washington, which is not a right to work state.

5. If is not repealed, Obamacare will place a substantial financial burden on businesses, especially small businesses, which will not be able to add jobs due to this added cost.

6. U.S. businesses are subject to frivolous lawsuits which benefit trial lawyers at the expense of businesses and consumers, and place U.S. businesses at a disadvantage with foreign businesses as regards legal expenses.

Four more years of Obama will likely cripple, beyond repair, the U.S. economy. Hopefully, an appropriate action by the American people will be taken in November, 2010.

Obama’s Medicare Hypocrisy

Sunday, June 12th, 2011

I missed this important essay, Obama’s Medicare Hypocrisy, written by Dick Morris on April 23, 2011

“Piously posturing as the savior of Medicare, President Obama lashed out at the House Republicans for embracing the budget proposed by Budget Committee Chairman Paul Ryan, R-Wisc. But a comparison of the president’s own plans for Medicare with those in the Ryan budget shows that the Democratic cuts are far more immediate and drastic than anything in the GOP proposal.

“While the Republican Medicare changes only take effect in 2021, Obama’s cuts will begin hurting seniors right away. The president’s health care legislation imposed a hard spending cap on Medicare — the first time it has ever had one — which he has just proposed lowering by another one-half of one percent of gross domestic product (a further cut of about $70 billion a year).

“Obama’s cuts, which will take effect immediately, are to be administered by his newly created Independent Payment Advisory Board (IPAB) of 15 members appointed by the president. Its recommendations for cuts in Medicare services or for reductions in reimbursement will not be subject to congressional approval but will take effect by administrative fiat. Right now.

“The IPAB will be, essentially, the rationing board that will decide who gets what care. Its decisions will be guided by a particularly vicious concept of Quality Adjusted Life Years (QUALYS). If you have enough QUALYS ahead of you, you’ll be approved for a hip replacement or a heart transplant. If not, you’re out of luck. Perforce, many of these cuts will fall on those at the end of their lives, reducing their options to accommodate Obama’s mandate to cut costs. If death comes sooner, well, that’s the price of aging in Obama’s America.

“Ryan’s approach is totally different. First, he does nothing at all to cut benefits for those now on Medicare or for anyone who turns 65 before 2012 (leaving me in the clear!). Second, the Republicans would leave the elderly in charge of their own medical decisions by letting them spend their Medicare money as they wish.

“The subsidy they would receive for health insurance would permit them to buy plans tailored to their needs. Just as myriad insurance company plans sprang up to fill the mandates of the new prescription drug benefit, so there will likely be quite an array of choices for the elderly of 2021. Finally, the savings from Ryan’s plan will be plowed back into Medicare, prolonging its life, rather than being diverted, as Obama would do, into paying for a new entitlement for younger people.

“But the most important difference is that Obama’s cuts are now and Ryan’s are not. Any budget projection is a guess. When the projection is made two to three years in advance, it is conjecture. Ten years away, it becomes fantasy. Who can possibly tell how the American economy will be doing a decade hence? What revenues it will generate? And the only thing less certain than guessing about the economy is projecting health care costs.

“Medicine is on the verge of a revolution akin to that which followed the creation of antibiotics. Genetic medicine and ultimately nanotechnology are about to change everything. No longer will be fight cancer by cutting or burning or poisoning diseased cells. Instead, we will use DNA and RNA to predict cancers and grow healthy cells instead. Who knows what the costs will be? Possibly, they could be lower than our current range of therapies.  And, between now and 2021, Congress will be able to change the Ryan plan as it chooses. But the early deaths triggered by the rationing decisions of Obama’s IPAB cannot be saved. Their decisions are, for the elderly of today, irreversible.

“Democrats are drooling over the prospect of conducting the elections of 2012 over Medicare. They better watch their steps. The truth might come out!”

William S. Frankl, MD, All Rights Reserved