Heath's Blog


The Health Care Bill's Loan Officer is Fudging The Loan Application

The "Health Care Bill" seems like a bad real estate deal that has a loan officer who is pushing the underwriting department to make the loan, regardless of the real value of the transaction.

After listening to the news (on more than one channel) it seems that the health care plan has many problems. One is that it is discriminatory. Senior citizens are being "phased out" of our population. One of the ways the bill will fix the health care cost problem is to stop paying Medicare and Medicaid for older citizens.

There are those who say this would help the social security bankruptcy problem, although they probably won't say that too loudly. The health care coverage bill is presented as a solution for all Americans - but that appears to be until you reach a certain age, or until you need procedures that are most often preformed on senior citizens.

The Chief Actuary of the President, Rick Foster, says that "... access problems will be the worst for seniors on Medicare and low-income people on Medicaid." This will apparently happen as a result of lower payments for Medicare and Medicaid procedures. It is convenient that the ranks of veterans who fought to make our country safe decades ago have dwindled in numbers. The other war veterans are not as numerous and far less organized, let alone respected.

Another "factoid" I heard proponents state is that there are 13 million people in the US without health care. But again, The Chief Actuary of the President, Rick Foster, finds that 17 million people will lose their existing health coverage provided by employers. That math doesn't seem to work to help more than it hurts.

If speed through the system is one reason for the current mortgage debacle, it appears that we are headed into a similar problem with health care. It seems we are in a bad real estate deal that has a loan officer who is pushing the underwriting department to make the loan, regardless of the real value of the transaction.

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Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613  Licensed in MA
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I could not agree more. It is more than sad that my grandfather fought for this country and then worked until he was 70 paying into a system that now is trying to take away his coverage.

Posted by Raylene Estabrook (Signature Homes Real Estate Group) almost 11 years ago

We are one step away from being a socialistic country. We have over 20 czars from the last count

Posted by Harry F. D'Elia III, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (RentVest) almost 11 years ago

And the czars are from wall street and all the companies that got us into the mortgage mess.

Posted by Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Robert Paul Properties Falmouth MA (http://www.CapeGroup.com & http://www.REindex.com) almost 11 years ago