Bad Medicine
The news about this Obamacare stuff keeps getting worse ans worse. I'm waiting for the incumbants that voted for it to start yelling " But I didn't know that was in it! It was too big! The Administration pushed it through so we couldn't read it!" to try and save their skins.
ObamaCare's Ever-Rising Price Tag
Voters will understand plenty about the hidden costs of the law by November..
http://online.wsj.com/article/SB10001424052748703561604575282482320389198.html
" For starters, Mr. Foster estimated Americans would pay $120 billion in fines for not having adequate insurance coverage and that 14 million people would lose their coverage as rising costs led companies to dump it. Those effects are not in keeping with Mr. Obama's promises that if people liked the health insurance they had they could keep it, and that the reforms would provide universal coverage.
Finding it hard to cover costs under the bill's formulas, according to Mr. Foster's analysis, doctors would refuse new patients and one out of every six hospitals and nursing homes could start operating in the red. And while Medicaid would cover 16 million more people, there might not be enough doctors to treat them.
Because of new taxes, Mr. Foster rightly claimed that sick people would face "high drug and device prices" and everyone would pay higher premiums-again, exactly the opposite of what Mr. Obama said. "
"That's not the end of the bad news. October will see the first round of Medicare cuts. Up to half of seniors will lose their Medicare Advantage coverage (a program that allows seniors to receive additional services through a private health plan), or at least some of their benefits under this program. Watch for the administration to try to keep companies from notifying their customers of benefit cuts or premium increases before the election. Meanwhile, the Daily Caller website reported yesterday that the administration has missed deadlines for issuing four sets of regulations specified by the bill and lacks a master time-line for the other required regulations. "
" Then there are employers and their workers. According to a survey by Towers Watson, a human resources consulting firm, 88% of companies plan to pass on increased health-care benefit costs to employees, 74% plan to reduce benefits, and up to 12% will drop all coverage for employees. Retirees won't fare well either: 43% of employers that now provide retiree medical benefits are likely to reduce or eliminate them thanks to the new health legislation."
THIS is what we HAD to have? THIS will fix all our woes? Funny, it sounds much worse to me.
ObamaCare's Ever-Rising Price Tag
Voters will understand plenty about the hidden costs of the law by November..
http://online.wsj.com/article/SB10001424052748703561604575282482320389198.html
" For starters, Mr. Foster estimated Americans would pay $120 billion in fines for not having adequate insurance coverage and that 14 million people would lose their coverage as rising costs led companies to dump it. Those effects are not in keeping with Mr. Obama's promises that if people liked the health insurance they had they could keep it, and that the reforms would provide universal coverage.
Finding it hard to cover costs under the bill's formulas, according to Mr. Foster's analysis, doctors would refuse new patients and one out of every six hospitals and nursing homes could start operating in the red. And while Medicaid would cover 16 million more people, there might not be enough doctors to treat them.
Because of new taxes, Mr. Foster rightly claimed that sick people would face "high drug and device prices" and everyone would pay higher premiums-again, exactly the opposite of what Mr. Obama said. "
"That's not the end of the bad news. October will see the first round of Medicare cuts. Up to half of seniors will lose their Medicare Advantage coverage (a program that allows seniors to receive additional services through a private health plan), or at least some of their benefits under this program. Watch for the administration to try to keep companies from notifying their customers of benefit cuts or premium increases before the election. Meanwhile, the Daily Caller website reported yesterday that the administration has missed deadlines for issuing four sets of regulations specified by the bill and lacks a master time-line for the other required regulations. "
" Then there are employers and their workers. According to a survey by Towers Watson, a human resources consulting firm, 88% of companies plan to pass on increased health-care benefit costs to employees, 74% plan to reduce benefits, and up to 12% will drop all coverage for employees. Retirees won't fare well either: 43% of employers that now provide retiree medical benefits are likely to reduce or eliminate them thanks to the new health legislation."
THIS is what we HAD to have? THIS will fix all our woes? Funny, it sounds much worse to me.