|
July 24, 2009
Beware Governments Bearing Gifts
There appear to be quite a few major downsides to the health care plan currently being debated. 1) As noted in my earlier post, not having coverage will essentially become illegal. You will be fined and enrolled against your will in the government-run plan if you don't carry coverage. This will be called "helping you." 2) Medicare will be cut. Seniors are going to be very unhappy with this. 3) Medicare payments to doctors will increase. This $245B bribe to the AMA makes the already dubious claim of reducing costs (which can only be done by reducing innovation, underpaying, or rationing) an outright lie. 4) The middle-class will be taxed. Obama has signalled his openness to this. 5) The deficit will increase substantially. An Obama handler "clarified" that #3 above is "not part" of his pledge not to increase the deficit with the health care bill. 6) The economy will suffer. In addition to the middle-class tax hikes here will be a massive tax hike on the wealthy, and that means less investment, less incentive to produce, lower GDP. 7) Many people will be dumped off of their employer health plans and into government-run health care, because employers are being given financial incentive to do so. Estimates run as high as 120 million people. You will not get to keep your doctor or your insurance, contrary to what Obama is claiming. 8) There will be few beneficiaries, and many people hurt by this. The 7% of people they are insuring are mostly young and healthy anyway, while many people who currently have real insurance will find themselves dumped into government-run health care and paying higher taxes to boot. All this probably explains why an increasingly skeptical public now disapproves of Obama's performance by 51-49. Team Barack should be worried; those who strongly disapprove of him are 8% higher those who strongly approve (those are the people who will donate, organize, etc.), and at this rate of decline he'll be in the 20s overall by this time next year. posted by Dave on 07.24.09 at 02:52 PM
Comments
Under the new system no health plan can charge its highest-cost member more than twice its lowest-cost member. So lets say the actual cost of insuring a 60 year-old is $5000 a year and the cost of insuring a 20 year-old is only $800 a year. Under the new system the 20 year-old has to pay at least $2500 to keep the plan legal. So not only are the uninsured young people being forced to get insurance, they will also be paying more than the actual cost of insuring them. This is one reason why many insurance companies are supporting ObamaCare. They are salivating at the prospect of all getting all these new young enrollees. Gideon7 · July 26, 2009 07:00 AM Post a comment
You may use basic HTML for formatting.
|
|
July 2009
WORLD-WIDE CALENDAR
Search the Site
E-mail
Classics To Go
Archives
July 2009
June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 August 2006 July 2006 June 2006 May 2006 April 2006 March 2006 February 2006 January 2006 December 2005 November 2005 October 2005 September 2005 August 2005 July 2005 June 2005 May 2005 April 2005 March 2005 February 2005 January 2005 December 2004 November 2004 October 2004 September 2004 August 2004 July 2004 June 2004 May 2004 April 2004 March 2004 February 2004 January 2004 December 2003 November 2003 October 2003 September 2003 August 2003 July 2003 June 2003 May 2003 May 2002 AB 1634 MBAPBSAAGOP Skepticism See more archives here Old (Blogspot) archives
Recent Entries
Slow Down
Beware Governments Bearing Gifts I Found A Joke You get what you pay for? GatesGate Modern Tribalism - Reminices Of A Red Diaper Baby Shut Up Announcement A Plan To Destroy 4 Million Jobs Obama: "I Have Great Insurance"
Links
Site Credits
|
|
How many of the uninsured would qualify for Medicaid if something major came up?