Tuesday, March 23, 2010

Facts vs. Fiction in the Health Care Bill


My research revealed myths and half truths about the health care bill. For those who cry communism or socialism, the new health care plan does not involve government taking over health care like in Britain. The government intends to help people buy health insurance from private companies, not pay their bills like the Canadian system does. However, these fears of socialism intrigued me. Here are portions of the bill that may reinforce such fears.
For instance, Medicaid will now cover all poor adults indiscriminately. Low income people who qualify for new credits to buy insurance would see the biggest drops in insurance premiums.Plus, If your against government involvement then your probably upset that those who can financially afford insurance and don't will see a minimum fine of $695. Insurance companies will also be regulated heavily.

Barack Obama suggest premiums will go down, but actually most people won't see a significant decline in premiums. In fact, people who buy insurance on their own and are not qualified for government subsidies may see a 13 percent rise in premiums due to expanded coverage. Obama also suggested that the plan will save more than $1 trillion in the second 10 years. That estimate according to the CBO is highly speculative. While the plan is supposed to reduce the cost on health care spending, the plan will cost $940 billion over 10 years. It is actually the new taxes, penalties and cost savings that would offset that spending.
I see a philosophical divide among the American people towards this bill. On one side are those who think having health care human right regardless of ones economic condition. The other side feel health care it is a privilege that people provide for themselves rather than Uncle Sam. I'm sure everyone would say that those who need healthcare should be able to get it, but it is a different matter when the cost directly effects us.

2 comments:

Grant E Swartzentruber said...

Lots of discussions on facebook page.

A good article on costs and this bill's disregard of the fundamental rising costs problem i.e. giving more money to a system that with skyrocketing costs will not control costs. And the fact that pharma and health ins companies are to contribute billions of dollars a year to pay for the bill- this cost will simply be passed on to the consumer by way of higher prices- an unseen tax, really.

Google "Now,Can We Have Health-Care Reform" or access the address below.

http://www.google.com/search?rlz=1C1CHMR_enUS331US362&sourceid=chrome&ie=UTF-8&q=Now,+Can+We+Have+Health-Care+Reform

thechromedog said...

thanks for sharing the article, and thanks for the post.