Health Care Bill Expands Direct Student Loan Program

The extensive health care legislation that’s been in the news for a year or longer was voted upon and passed a short while ago. The final bill looks as if it will be signed soon. A rather surprising addition to the legislation is that the federal government direct student loan program will be substantially expanded.

The direct student loan program has been fought by student loan organizations ever since this was first unveiled in the Clinton administration. These loan providers have utilized a small army of lobbyists to influence Congress to cut the government out of making student loans direct to college students and require these types of loans to go through the loan corporations.

It has been definitively confirmed that the costs for the government are much lower if education loans are made directly to college students. The difference is substantial, and this is part of the explanation these two seemingly disparate measures have been put together. That is, as a way to pay for the health care bill, a savings of around $60 billion U.S. is actually projected for cutting out the student loan corporations. Put simply, the federal authorities have been giving away billions of dollars to education loan firms over the years. Most of the leading executives in these kinds of companies have consequently become rich. What many of us are unmindful of is that these corporations are actually preying upon lots of student borrowers in order to get their hands on this income.

A person might ask, if the authorities could save taxpayers billions of dollars on wasted spending, precisely why wouldn’t they do this on basic principle? Why does this legislation have to be attached to the health care legislation in order to realize these cost savings? The answer is that the lobbyists talked about before who have been engaged by the education loan firms have been extremely effective. It seems that simply by providing a small campaign contribution to our elected officials, in many instances Republicans, and throwing in a few minor incentives like excursions to exotic destinations or maybe a job for a family member, the Congress will bend to wishes of the student loan corporations. They’ll allow tens of billions of dollars to be steered from U.S. taxpayers and merely handed to these corporations.

And what could be the major reason for carrying on with on this wasteful path? The answer is that it will preserve jobs. In other words they will take income from some people just so they can give it to other people. And if a few billion is skimmed from here or there along the way, who cares? It is a little like the military services airplane program that was mentioned during the budget debate last year. Some high-priced airplane costing billions of dollars is actually being made for the military services, but they have publicly reported that they’ve got no mission for the airplane and really do not want it. They’ve asked for the program to be ended since it takes away resources that can be utilized efficiently in other places. So what do our congressional leaders do? They keep constructing these useless planes for the reason that it will save “jobs”. A job that isn’t producing anything of use and that exists only because congress is extorting money from taxpayers isn’t a real job. It is a government giveaway package. It benefits absolutely no one but the individual receiving the income and the member of congress whose district or perhaps state the airplane manufacturing plant exists in, because the people who are the recipients of these bogus salaries keep voting for him or her.

And so in any case the direct student loan program will certainly grow dramatically shortly, and the student loan providers will certainly hire more lobbyists to once again try to have it reversed as they have done previously. In the meantime some student loan borrowers will avoid becoming captives of the student loan firms and will not end up being preyed upon. However, there are countless ex-borrowers who’ve gotten into financial difficulties and who will continue to be in the clutches of the student loan firms with absolutely no way out of the huge penalties and charges they impose. An example is the 41 year old doctor who was in the news recently. She borrowed $250,000 to finance medical school and today owes $555,000 in student debt, penalties and interest despite having made payments for some years. She has high monthly loan installments, but she will be about seventy years old before her liability is paid off. The direct loan law has unfortunately arrived a bit too late for her.

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Death by Health Care Rationing

Some European nations place a financial value on a single year of life. If an individual’s health care exceeds this amount, health care treatment is denied. Do we, as Americans, really want the government deciding whether we live or die? It is time to take matters into our own hands by learning about advanced directives, palliative and hospice care.

Do not allow proposed health care rationing decide your end of life plans, make your own plans by completing an advanced directive, a document outlining actions to be taken for an individual related to medical care in the event the person is unable to make their own health care decisions. Only about thirty percent of individuals have a living will. The other seventy percent may experience undesirable end of life care that includes ventilation, mechanical feeding and other invasive care to extend end of life without providing quality of life. If you do not want to experience a death with others making decisions for you, complete your advanced directives now.

Many individuals believe family members are able to make end of life decisions and are surprised to learn that family members cannot make these decisions without the presence of a legal document called a living will. Without a medical power of attorney no one can make healthcare decisions for you in the event that you become unconscious or unable to make decisions. Without a living will you may be kept alive on life support indefinitely and may receive life sustaining medical treatment that you would not wish.

What is a living will or advanced directive? A document that provides direction for specific procedures, for example administration of artificial nutrition, blood transfusions, dialysis and other treatments of prolonged maintenance that the individual does or does not wish to occur to extend his or her life.

What is a durable medical power of attorney? A document that allows an individual to appoint another individual, often a family member, to inquire about health care and to make health care decisions in the event the person making the designation is unable to make their wishes known.

What are the 5 wishes? A document providing questions and guidance to allow an individual to thoroughly outline medical and related wishes regarding end of life wishes.

What is palliative care and hospice care? This is pain management and end of life care that your physician will not likely discuss with you. The goal of most physicians and the medical profession is to preserve life, in some cases by offering chemotherapy, radiation and experimental medical treatments that offer little quality of life but financially feed the system and the pockets of the medical providers. By self advocating and learning about palliative and hospice care you control your own pain management and end of life care.

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