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Factors that distinguish health economics from other areas include extensive government intervention, intractable uncertainty in several dimensions, asymmetric information, and externalize. Governments tend to regulate the health care industry heavily and also tend to be the largest payer within the market. And in the meantime, ordinarily a Bank of America shareholder meeting wouldn't be a subject of much interest. One would assume that the ordinary Bank of America shareholder meeting would be comprised mostly of how many ivory back scratches they were awarding themselves, but this current one is about whether or not to keep CEO Ken Lewis. Lewis has been under fire for not only being at the helm of the ship during a crisis, but also the takeover of Merrill Lynch, a move of some controversy. The absorbed losses amounted to more than what credit cards could handle. He won't hurt for payday loans if he loses his job, but it has to stressful at the Bank of America shareholder meeting.
While the republican are spiraling into the abyss, Our president is making the changes that we elected him to do. Health care cost in this country are way out of control and President Obama will not accept the staus qou any longer.
Opening up today's White House Forum on Health Reform with vow that "our goal will be to enact comprehensive health care reform by the end of this year," President Barack Obama laid out the case for immediate, decisive action in the area, tying it to the mission to strengthen the slumping economy and to invest long-term as a "fiscal imperative." And for those who feared last week's "fiscal summit" would find him taking aim at Social Security, he had some reassuring words: "The greatest threat to America’s fiscal health is not Social Security, though that is a significant challenge; and it is not the investments we’ve made to rescue our economy; it is the skyrocketing cost of health care." The President also put on notice what he called the "forces of the status quo": I want to be very clear at the outset that while everyone has a right to take part in this discussion, no one has the right to take it over. The status quo is the one option that is not on the table. And those who seek to block any reform at any cost will not prevail this time around. I did not come here to Washington to work for those interests. I came to work for the American people The remarks are a well-crafted wedding of statistical citation that back up his message of immediacy ("premiums have grown four times faster than wages, and an additional nine million Americans have joined the ranks of the uninsured. The cost of health care now causes a bankruptcy in America every thirty seconds. By the end of the year, it could cause 1.5 million Americans to lose their homes.") and ringing inspiration: Now I know people are skeptical about whether Washington can bring about this change. Our inability to reform health care in the past is just one example of how special interests have had their way, and the public interest has fallen by the wayside. And I know people are afraid we’ll draw the same old lines in the sand, give in to the same