Herb Kay's S.O.S. System
  November 10, 2009
  "I'm Herb Kay and the most important thing to know about me is that I'm not going to lie to you or pull your chain. Ever. In my S.O.S. Guides, I give you, well, guidance, in a straight-talking and step-by-step way. The website offers the "advice side" of my system. Here, in my blog, I'm going to dig a little deeper and get a little grittier. That's the opinion side of my system. Will I say something that might shock you? Maybe. Will I ruffle some feathers? Perhaps. Will you close the page with some food for thought? Absolutely."

The Herb Kay Way is the straight forward, never-mince-words way. Check out Herb's latest blog on your money, your career, your debt, the economy and the world we live in.
 
Pursuing Worthwile Goals
When Downsizing is a Powerful Tool
Can We Address the Important Issues?
Just a Sentence or Two.....
A Dose of Reality
Getting Involved and Taking a Stand
Study Up on Your Loans
Drop Back Ten and Punt!
Who Can you Depend On?
Some Sobering News About the Economy
Grab a Beer and Take the Slide Home......
Another Loophole, Another Lesson
What is Your Core Conversation?
Loyalty and Leadership
The Argument for Being a Grownup
The 'Business' of Complaints
Electricity in the Air......
Taking a Hard Look at the Figures
A Public Life
My "Advice" to You
Perspective vs. History
Worried Sick!
It's About the Kids!
Gooooooooaaaallll?
Where Will the Money Come From?
Immigration Arguments: Debunked!
Blame Policy, Not Banks
Happy Birthday America!
Crony Capitalism
G8/20 and What That Means For You!
Our Economy and the Free Market
Building a Bubble?
"Fixing" Our Problems
The $20 Billion SNAFU
A Screaming Deal!
Action Breeds Success!
It's Going to Take Some Effort!
Getting Our Lives Back
For Better or Worse......... I Prefer Better
The Pressure to be President.......
This Great Nation......
Financial Reform - Ha...what a joke!
Municipal Bonds are a thing of the Past!
Feeling Good!
Moving Forward
The Signs Are All Around Us
It's a Grim Diagnosis
Oh, the Pressure.....
The Big Fat Greek Fallout
It's Getting Ugly......
Perfection is a Myth
Be Different
Moving on While Moving Ahead
An Immigration Abomination
I've Got a Question.......
Logic vs. The Logistics of Inflation
The Free Market - Greed at its Very Best
Informed on Inflation
Don't Fix What Isn't Broken
Harnessing Energy - The Herb Kay Way
Staying Ahead of the Curve
What Trade Deficit?
Greek to Me
There's a Bridge in Brooklyn......
Problems That Don't Exist
Don't Invest in Mediocrity
The Fed's Mutually Exclusive Roles
Deadly Serious
Election Year Scapegoats
"Willfully Insane"
Balancing your Beliefs - How Our Political Convictions Influence the Debate Over the Economy
Let's Reward the Renters
Don't Plug the Hole.......Replace the Bucket!
Europe's Safety Net
The Collapse of the System
Apple Makes a Lemon
Pot, Capitalism & The Free Market
Who is Your Banker?
Real Estate? Now is NOT the Time!
Grading on a Curve
When the Inflation Stars Align
When Foolishness Goes International....
The Recovery?
The Competitive Advantage of Reaganomics
What Wednesday Brings.....
Stopping The Addiction
Signing On The Dotted Line
Be Optimistic - Not Foolish
The Real Story
Selling Your House (and your credit) Short!
The Entitlement State
It's Anyone's Guess
Ask, And You Just Might Receive
Crazy Like A Fox!
It's Only Tuesday!
Spending Some Time - Cutting Spending
There's No Such Thing As Easy Money!
What Exactly is Responsible Borrowing?
Just Bite The Bullet
With Change Comes Turmoil
Q & A......The Herb Kay Way!
Wanna Bet? Gamble on Inflation!
A Lesson on Education
Two Different Beasts: Why Price Does Not Equal Wealth
For this Party - Three's a Crowd
Good Luck With All of That!
Dear Mr. Bank President:
It's Not That Simple
Raising the Stakes
State of The Union: The Herb Kay Way!
Capital Gains - Your Pains!
Cooking the Books
What's in a Name?
Questionable Choices: Healthcare Reform
And the Person of the Year Is......
A History Lesson
Goverment's Stimulus Fairytale
Let's Hope I'm Wrong
Fake Money = Real Problems
Collectors Lie
35 Million Americans Can't Be Wrong
Simple Truths, Simple Lies
Lending and The Federal Reserve: Why Making Banks Rich Again Will be Bad for the Economy
Are You Health Care Aware?
Have Good Credit? With New Legislation in the Works, the Question is, Who Cares?
Healthcare and the President
Tips for Choosing a Bank and the Right Bank Account
 
Are You Health Care Aware?
 

I hate to say it, but sometimes it's easier to mislead the American public, than it is to educate them. The truth is, the thing that creates confusion about a particular topic and what seems to be the channel for all of our fears and frustrations, is nothing more than the words people use to describe that issue. And now, the subject of Health Care Reform, an incredibly polarizing topic on both sides, seems to have launched a few words into the stratosphere of rhetoric. The "terms" associated with this ongoing debate, are used over and over in the town halls and at the dinner tables of America and instead of shining light on the topic, words like private, public, subsidize and socialize continue to take on a convoluted life of their own.

In my opinion, the only purpose this rhetoric serves is to pit level-headed Americans against one another, in hopes to convince (or scare) a large-enough group of people to agree with that view. The problem with this, is those people only become more entrenched in their own opinions and what once was simply confusion on a topic has turned into a battle of "I'm right and your wrong." Clearly, a vocabulary lesson is in order. It's time to dial down the debate on terminology and focus on real-world definitions; it's time to become Health Care Aware.
Here are the three most popular (and confusing) terms floating around in the Health Care Debate. I've broken down their meanings into manageable pieces; applicable definitions that will finally help you distinguish fact from fiction.

 

  • Public Option: This is a term that is very difficult to define, as it is the most highly contested point in the healthcare debate. The Public Option means different things to different people and depending on whom you ask, it is one of the most widely interpreted if not re-interpreted (and regurgitated) terms around. In fact, it seems as though this one term has managed to birth dozens of splinter concepts, ranging from "we need universal coverage" to "we don't want to end up like France." The most basic definition, minus the party lines and palpable emotion, is this: The public option is a reform bill, proposed by House Democrats, which will act as a universal health care system and is intended to be somewhat modeled after Medicare. While definitions vary, the bottom line is that a public option is reform, plain and simple. Whether the result in the end will be "public" or "optional", has yet to be determined...
  • Death Panels: Ah, death panels. Perhaps the poster child for reform rhetoric. I think we all know how this term came to light. A once deeply embedded provision in the House's bill, Advanced Care Planning has been likened to government-supported euthanasia. The real measure, called End-of-life-Care, provides coverage for Medicare beneficiaries who elect to meet with their medical team once every five years to discuss options for treatment if they become seriously ill. Obviously this is only a definition, as outlined in the measure, but this emotionally-fueled issue has been a hot argument for weeks now. All interpretation aside, what this means is there is a provision that allows for Medicare to pay for voluntary conversations between patients and their health care practitioners on the subject of planning for care at the end of life, whatever in the world that may be. Nothing more, nothing less.
  • Subsidy: The idea behind a subsidy is to make something more affordable, in this case, insurance coverage. The structure and coverage of a subsidy can vary widely and the policy decisions made about just who qualifies and for how much are some of the most critical components to the overall cost of reform. Subsidies are given only to those meeting specific criteria, such as those without another source of coverage or to those with low or moderate incomes, who wish to purchase insurance. Subsidies for health insurance require a fine balance between the cost of providing the"help" and where the money comes from to pay for it. Again, this is just a working definition, and as we all know, definitions don't replace the functionality of a word.

The topic of Health Care Reform can seem like a larger than life issue, especially when terminology overshadows the real debate. Definitions certainly help to unravel the mysterious nature of these terms, but opinions are a far greater indication of a definition means to us personally. By informing yourself, you become a proactive (rather than reactive) part of the conversation. You can make a more educated decision and your views will be grounded by the facts and not fear.