The ongoing cost of healthcare will continue to rise even more rapidly. Become informed.

 there is no bigger social issue in 2010 and Beyond

Updates Stopped with the passage of Obamacare.  

This still contains some useful historical data and perspectives, now that the implementation has ve.

 

ObamaCare Update:   Sept 2010

Much more can be said about the effects of Obamacare and the mismatch between promises and reality.  The new video at right talks to the recent rate increases as more unintended consequences.

Also from Suderman:

If you like your plan, you can keep your plan.

A "grandfathering" provision that allows employers and insurers to continue offering plans that already exist without subjecting them to new rules and regulations was included in the new law. But in a draft document laying out grandfathering rules, the administration admitted that after some period of time, most plans will relinquish their grandfathered status.

It will bring down the price of insurance.

Health care affordability was so crucial to the president's argument that the word made it into the title of the bill: the Patient Protection and Affordable Care Act. So will health care costs come down?  Not likely.  The CBO predicted that the law will cause average health insurance premium prices to rise by 10 percent to 13 percent in the individual market.

The administration claims the bill won't cut Medicare benefits, but according to the head of the Congressional Budget Office (CBO) it will.  Thanks to $130 billion in planned cuts to companies that offer Medicare Advantage plans, the health care law will "reduce the extra benefits that would be made available to beneficiaries through Medicare Advantage plans," says the CBO.

Officials say it will give consumers more access and greater choice, but early signs indicate that, as a result of the law, patients and consumers will have fewer options for doctors and health insurance.

Other empty promises, says Suderman, include:

It will cost about $900 billion (it will actually cost well over $1 trillion). Reform will be paid "mostly" by shifting around money the country is already spending. The new law will put Medicare on better fiscal footing.

Gov's cost projectionsThe projections done by the Government, shown at right, show that there is no bending of the cost curve down. In fact Obamacare accelerates a cost curve that is not going in the right direction.

From WSJ:  'As a consequence of us getting 30 million additional people health care, at the margins that's going to increase our costs—we knew that," President Obama said at his press conference Friday in response to a question about rising health spending.  That wasn't how he sold the plan, but, anyway, that's a truism. Here's another: The White House was always going to blame insurance companies for any cost increases, even when its own policies cause them.

Kathleen Sebelius in turn has literally threatened these insurance companies if they continue:   “Witness Kathleen Sebelius's Thursday letter to America's Health Insurance Plans, the industry trade group—a thuggish message even by her standards. The Health and Human Services secretary wrote that some insurers have been attributing part of their 2011 premium increases to ObamaCare and warned that "there will be zero tolerance for this type of misinformation and unjustified rate increases."”

This strong arm regulation of costs is the plan, embedded in Obamacare all along, using the same tactics that were used in Congress to pass this Bill.  It is all about heavy handed threats and then later adding rationing.  This kind of politicizing of healthcare is what we have seen all along with the Obamacare proponents.  It is not about full disclosure, and as Obama admits above, it is the blatant dishonesty that has been spray painted all over this campaign. 

Luckily the citizens are not buying it.  2/3rds of mainstream voters favor repeal with the so-called political elite are mostly in favor of not repealing Obamacare. 

From WSJ:  U.S. health spending is projected to rise 9.2% in 2014, up from the 6.6% projected before the law took effect. New mechanisms kick in that year to expand insurance coverage. The report estimates 92.7% of U.S. residents will have health insurance by 2019, up from 84% this year.

This means that we will be spending anywhere between $900B (rosy estimate from the Administration for even 5 years) to $2.3T from some economists to cover an additional 8% of the public while driving up costs for all.  8% of the population is 25 million people.   So we are going to drive the cost of healthcare to 20% of GDP in order to cover an additional 8% of the population? 

What happened to the concept of improving cost and care decisions by the doctors with their patients?   Obamacare was apparently never intended to improve costs nor the doctors’ decision making with their patients.  It is about central control, as I have written countless times.  The beauty of the data and the actions is that the focus of Obamacare can now be seen for what it always was.

The unintended consequences from Obamacare continue to pile up. The threat to healthcare coverage to college students is one of the latest concerns.  The added tax on tanning salons, some 19K businesses around the country, have been hit already with a 10% tax.  This is a tip of a tax onslaught.   Obama had said once the American people see what is in Obamacare and see what is in it for them, that they will like it.  All polls say otherwise, with the majority still wanting an repeal of this government program to control and redistribute.

Obamacare is not universal healthcare, it is universal insurance.  Estimates are now being made that 20+ million folks will ultimately remain uninsured.  See this article for more details. 

For a good comprehensive summary of Obamacare see this article.

The added paperwork on all businesses is a provision that the Democrats demand, while they perform what seems like cosmetic small business tax reductions.  Even an amendment put forth by the Republicans could not dissuade them from this egregious rule.

Missouri voted in a recent vote with a majority of 70% to disallow Obamacare to take effect in Missouri.   Of course this vote is symbolic rather than legal.   But it shows the ire of common Americans is up and ready for action.

Court of Virginia did not throw out the court case challenging the constitutionality of Obamacare.  The Administration wanted the judge to throw out the case.  It will now go to a higher court.

The small businesses also are now entering the fight in court over constitutionality. Here is Mitch Daniels comments on the effects of Obamacare.

And words from several small business owners:

Of course the question of the constitutionality of Obamacare in its mandate of all adults to consumer insurance is still very active. Certainly the video below makes this point quite well, and the response from Rep Stark is most revealing. He just feels that the Fed can run our lives.

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Last Updated Sept 15, 2010

 

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