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Brian Ross

Publisher & Editor-in-Chief , TheRossGroupFT LLC

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Put the collection of health care and retirement funds at U.S. Treasury and use funds to lend to banks and states for infrastructure.

Keeping health care and retirement savings a function of private funding puts millions of Americans futures not only at the mercy of a corporate America that has demonstrated that it has neither the means nor the the desire to provide for the long-term welfare of their employees, but it also reduces human potential and output when people trap themselves in dead-end jobs to hold on to the promise that they will be cared for when ill, or have a poverty-free retirement.

Universal Health Care and retirement is possible. Workers pay in over their lifetime for benefits. The money would be managed by the Treasury, which should lend the money out to banks prior to use of Federal Funds and to states with infrastructure projects being repaid by municipal bonds.

Public vesting provides the security that 401Ks and other pension plans cannot. It also could provide enough funding for a universal health care system that simplifies the system and puts the emphasis back on care, not collections by physicians and hospitals.

My full thought is at my blog: http://truth-2-power.com/2011/09/07/the-missing-link-to-human-potential-universal-health-care-and-a-real-social-safety-net/

Topics: Health Care Funding Retirement United States Treasury governance health care reform human rights infrastructure politics
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    Chris Aldon 20+

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    Sep 11 2011: Please don't give anymore to the banks.
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      Brian Ross

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      Sep 11 2011: The banks borrow from the Treasury at the prevailing federal funds rate. The Treasury could lend monies from the health care and pension funds first to put the money to work. Also, funds could be made available to States by way of higher yield state infrastructure municipal bonds that the states sell to Treasury. The state pays off the interest to the feds, and it goes back into the fund. Essentially it is not altogether different than a 401K invested in the mutual fund, save the Federal government has no profit motive and can be bound to keep risk factors low.

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