Wednesday, March 10, 2010

10 bad things that will become law if ObamaCare is not stopped now

From RiehlWorldView.com

If the Senate bill isn't stopped in the House over the next two weeks, there's every reason to believe these stipulations and more will become the law of the land:

1) Spends Way Too Much: $2.5 trillion over the first ten years that the plan is fully implemented

2) Raises Taxes During a Recession: Hikes taxes $493 billion with new levies on so-called “Cadillac” plans, a new Medicare payroll tax on higher-income earners, and taxes on health insurance and drug manufacturing companies, which are sure to be passed on consumers in the form of higher premiums

3) Individual Mandate: Requires individuals to carry health insurance or exacts a fine up to $750

4) Business Burdens: taxes employers with more than 50 full-time workers if they are not offered insurance. CBO estimates employers would opt to drop as many as 5 million workers from private insurance, and pay the fine instead of maintaining current coverage

5) Huge Medicaid Expansion: an estimated 40 percent expansion of the entitlement program would greatly increase costs for government and taxpayers. States would be forced to manage the increased load. However, the federal government would pick up a large share of the new cost

6) Insurance Companies can still Limit Benefits: Although one of the prime reasons for this entire effort was to force insurance companies to live up to their commitments, the Senate bill would only ban lifetime-benefit caps. Insurance companies can still invoke yearly limits that will have essentially the same effect

7) Bad for Seniors: Cuts $120 billion from Medicare Advantage, which CBO says will result in fewer seniors with access to vision, dental and flu shots. Ultimately, up to 2.6 million seniors could lose their Medicare Advantage coverage

8) More Bureaucracy: Creates comparative effectiveness panels, a Medicare Advisory Board and a Health Care Commissioner, all of whom would be responsible for oversight of the greatly-expanded government role in health care and invoking rationing in attempts to contain cost

9) Doesn’t Tackle Tort Reform: Despite the president’s commitment to lower medical liability costs, the bill only contains a “Sense of Senate” provision, with no real reforms that could save up to $54 billion over ten years

10) Auto-Enrollment: Businesses with more than 200 workers will be required to automatically enroll employees in health coverage

Pence: Next 2 Weeks Will Determine Future Of Health Care In America

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