5 Things You Should Know About Obama Care Health Insurance ReformsPosted by Scott @ 9:36 pm
Health Insurance Reform Does Nothing To Control Health Care Costs
There are no provisions in the current insurance reform bill to address the rising cost of health care. This bill is simply a massive entitlement program that extends health insurance (not health care) to millions of citizens who currently do not have insurance, for whatever reason. The legislation does not address the extreme high cost of actual health care, such as charging $20 for an aspirin, controlling waste, fraud and abuse, nor does it eliminate defensive medicine, which results in needless and overpriced tests and procedures. There are no provisions to allow insurance companies to compete across state lines, which would bring real competition into the system and drive down prices.
Instituting Massive New Taxes and Dubious Accounting Gimmicks To Claim Deficit Reduction
The legislation will cost an estimated 1 trillion dollars in the first 10 years. Certainly, taxes can be increased to help cover the first 10 years of new costs associated with extending health insurance to millions of uninsured individuals. $500 billion in new taxes are included in this bill. Here is a list of just a few of these new taxes.
* Tax on high-end health insurance plans: $149.1 billion (with carved out exemptions for most union members)
* Capping flexible spending accounts at $2,500: $14.6 billion
* Fees for drug makers: $22.2 billion
* Fees for medical device makers: $19.3 billion
* Fees for health insurance companies: $60.4 billion
* Higher floor for deducting medical expenses: $15.2 billion
* Higher payroll tax for top earners: $53.8 billion
* Tax on cosmetic surgery: $5.8 billion
Of course, this actually increases the cost of medical care, which is fiscal insanity. All of these fees will result in higher medical costs and those costs will be passed on to the insurance policy holders.
The other $500 billion will come from cuts and savings in Medicare, which is suppose to extend the life of Medicare. However, the $500 billion will be spent to extend health insurance to millions of non-insured under this new bill. You cannot spend the same money twice but that is what Obama and the proponents of this legislation are saying. This is about as intellectually dishonest as it gets. It’s an out and out lie to claim this will extend the life of Medicare when it will have just the opposite affect.
Another gimmick in this bill is that the taxes will be collected for 10 years but the benefits will kick in only in the last 6 years. So, you’re collecting 10 years of taxes to pay for 6 years of benefits, concealing the true cost of the bill over a 10 year period. Under this kind of dubious accounting, it is intellectually dishonest to claim this bill will reduce the deficit.
The $300 billion dollar so called “Doctor Fix” is not even included in this legislation, which if added to the bill, would result in a overall increase in the deficit. The only reason it was left out of the bill is so they could get it scored by the CBO to show a decrease in the deficit. Again, a very intellectually dishonest maneuver.
All Citizens Forced To Purchase A Government Approved Level Of Insurance Under An Individual Mandate
This is one of the most disturbing elements of the bill. There is no provision under the constitution which allows the government to force citizens to purchase anything. The proponents of this legislation point to auto insurance as a model. However, driving a vehicle is a privilege. Unlike a heath insurance mandate, no one is forced to purchase and drive a vehicle so no one is forced to purchase “liability” insurance.
The bill contains provisions which allow the IRS to come after your property if you choose not to purchase government mandated insurance. You can be fined, your property can be seized and you can be tossed in jail if you do not comply. Is this the America you want to live in? Some people believe doctors are mere pawns of big pharma and much of the so called “medicine” being dolled out causes more health complications than it does to fix medical conditions it is intended to cure. Those people should not be forced to participate in an insurance and medical system in which they have no confidence.
If the government can force citizens to purchase a commodity or service, we will find ourselves on a very slippery slope which will allow the government to force us to purchase anything they deem necessary for the collective. This is not a principle on which this country was founded and I hope the citizens will stand up and oppose this assault on our liberty, our freedom and our constitution.
Health Insurance Is Not A Fundamental Right
The government does not extend rights. We are born with inalienable rights, including the right to life, liberty and the pursuit of happiness. Housing is not a right. Food and clothing is not a right. A job is not a right. Health insurance is not a right. If any person would like housing, food, clothing or heath insurance, it is up to the individual to purchase those things. We have the right to pursue happiness but that doesn’t mean we will all be happy. We are all created equal but that doesn’t mean we will all end up equal. That is a fantasy of Communist Utopians.
Obama Care Is A Naked Redistribution Of Wealth
The goal of the proposed insurance reform bill is to extend health insurance coverage to all individuals living in the United States. The only way for this to be achieved is to force younger, healthier individuals into an insurance pool. The premiums on the younger/healthier individuals will be increased to unfair levels in order to cover the increasing number of sick and elderly, including those with preexisting conditions. This is pure redistribution of monies from one group to another, with no regard for the skyrocketing cost of health care. Forcing an insurance company to cover those with preexisting conditions is NOT insurance. A good analogy is that if my house burns down today, I would still be able to take out fire insurance tomorrow, so as to cover my home’s preexisting condition (burnt to the ground).
Obama care would transform insurance companies into government subsidized and controlled 3rd party payer systems, which have nothing to do with actual insurance. It will be a system whereby a private entity will be administering a new government entitlement system. Many citizens see this as much worse than a single payer system due to the profit being made by the insurance companies and some politicians on the left oppose this legislation for those exact reasons. However, it will be convenient for politicians to blame the insurance companies when the rationing, we all know is coming, ratchets up.
To sum up, this health insurance reform legislation will not lower costs. At great monetary costs, through back room deals, bribes and political payoffs, and at the expense of individual liberty, it will cover more people. It amounts to forced charity, through a government mandated redistribution of wealth, which in reality, is not charity all. Far from it, actually.
We should abandon this exceedingly flawed and unconstitutional legislation in favor of true reform that doesn’t abandon free market capitalism and the principles on which this nation was founded. If our non-representing representatives insist on forcing this legislation onto the citizenry, we should make them pay dearly at the ballot box and do everything in our power to repeal the legislation and elect representatives who actually listen to, and actually represent their constituents.