The Pelosi Bill: Cost, Mandates and Taxes … plus current links on health politics
The Pelosi Bill: Cost, Mandates and Taxes
from RedState by Dan Perrin
FROM: Michael Hammond
RE: The Pelosi Bill-The real cost of the bill is at least $1.3 trillion (the CBO score, plus the “doc fix”) — and probably much, much more.
-The absolute minimum increase in the deficit would be $150 billion. You can probably add to this most of the $426 billion in supposed Medicare “cuts,” plus the substantial overruns in program costs as a result of underestimation of premiums. A deficit increase of between half a trillion dollars and a trillion dollars is almost certain.
-Employers would be required to purchase government-mandated government-prescribed insurance for all of their employees with premiums which, according to some estimates, would be double the minimum wage. With a penalty which, for most employees, would be 8% of payroll, it would be more economical to drop insurance for anyone making under $2-300,000, depending on the level of employer contribution.
-As a result, most individuals with employer-provided insurance will not be able to “keep the insurance they currently have.” The 10.2 million seniors with Medicare Advantage will also lose “the coverage they currently have.” And it is possible that the “grandfather” protection of individuals could be defeated by something as simple as a rate increase.
-Premiums will go through the roof and, unlike currently, Americans will be required to pay them, under penalty of law. Price Waterhouse estimates that the average family policy for a family of four will be $25,900 by 2019 (under the comparable Reid bill). And, although the study does not look at the impact of the subsidies, unlike the liberally touted Kaiser study, it does not ignore the impact of taxes on premiums.
Continue reading the complete list, including information on the INDIVIDUAL MANDATE, EMPLOYER MANDATES, THE PUBLIC OPTION AND TAXES HERE
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And let’s not forget this important reminder from President Ronald Reagan speaking of the dangers to society of Socialized Medicine:
SIMILAR NEWS FACTOR POSTS:
We don’t want socialized medicine we want affordable healthcare. We don’t want capitalist medicine we want affordable healthcare. How can we get affordable healthcare? Through the insurance industry? Through the government? Through our employers? Through our own payments? None of these have provided affordable healthcare for all the people. Since healthcare is considered a service that all people should be afforded we need to come up with a system that works and is affordable. Other counties have done this and it is working. Look at the French system for example. It is easy for people of means to say they are satisfied with their health care but what about the others? We are not asking for the government to be our doctors or run the hospitals nor have China pay for our care. We are trying to solve the problem of healthcare for all through our collective efforts. Our government acts as us collectively. So it is through our collective efforts we wish to establish a system of affordable healthcare. There are plenty of health care systems around the world that can be used as guides for an affordable healthcare system.