Happy Birthday, ObamaCare

Facinating Site: http://www.thirdway.org/taxreceipt

A year after the passing of health reform, a new industry report revealed that consumers may be paying billions of dollars more in out-of-pocket health care expenses than was previously thought.

These “hidden” costs of health care — like taking time off to care for elderly parents — add up to $363 billion, according to a report from the Deloitte Center for Health Solutions, a research group.

That amounts to $1,355 per consumer, on top of the $8,000 the government says people spend on doctor fees and hospital care.

The out-of-pocket costs that the government tallies usually include only insurance-related costs like premiums, deductibles, and co-payments.

The study is the first to estimate how much consumers dish out on health care related goods and services not covered by private or government insurance.

These include: ambulance services, alternative medicines, nutritional products and vitamins, weight-loss centers and supervisory care of elderly family members.

The average household income fell 1.9% last year while health care costs rose 6%.(KFYI)

I guess findout what was in the bill after passing it was like finding a zonk on “Let’s Make a Deal”.

But don’t tell that to a Liberal, they will just rant on about evil capitalists.

But it’s not a real surprise. Not really. Not if you live in reality. Not Liberal socialist fantasy land.

You have massive number of new regulations.  More Adverse Selection has been forced on the industry.

The term adverse selection was originally used in insurance. It describes a situation where an individual’s demand for insurance (either the propensity to buy insurance, or the quantity purchased, or both) is positively correlated with the individual’s risk of loss (e.g. higher risks buy more insurance), and the insurer is unable to allow for this correlation in the price of insurance. This may be because of private information known only to the individual (information asymmetry), or because of regulations or social norms which prevent the insurer from using certain categories of known information to set prices (e.g. the insurer may be prohibited from using information such as gender or ethnic origin or genetic test results). The latter scenario is sometimes referred to as ‘regulatory adverse selection’.

The potentially ‘adverse’ nature of this phenomenon can be illustrated by the link between smoking status and mortality. Non-smokers, on average, are more likely to live longer, while smokers, on average, are more likely to die younger. If insurers do not vary prices for life insurance according to smoking status, life insurance will be a better buy for smokers than for non-smokers. So smokers may be more likely to buy insurance, or may tend to buy larger amounts, than non-smokers. The average mortality of the combined policyholder group will be higher than the average mortality of the general population. From the insurer’s viewpoint, the higher mortality of the group which ‘selects’ to buy insurance is ‘adverse’. The insurer raises the price of insurance accordingly. As a consequence, non-smokers may be less likely to buy insurance (or may buy smaller amounts) than if they could buy at a lower price to reflect their lower risk. The reduction in insurance purchase by non-smokers is also ‘adverse’ from the insurer’s viewpoint, and perhaps also from a public policy viewpoint.

So all that “can’t refuse people with pre-existing” conditions means your insurance goes UP!

But then again, as I said repeatedly, and I do mean repeatedly, that ObamaCare was about bring down the cost of health care, it was about bringing down the entire private health care industry so that socialist government health care is all that was left and you’d have no choice.

And that still stands.

So Happy Birthday, ObamaCare. the Damien Hell-child of The Left.

Oh, and then there’s this from Rep. Anthony “The Whiner” Weiner, one the most vocal leftists:

Rep. Anthony Weiner said Wednesday he was looking into how a health law waiver might work for New York City.

Weiner, who is likely to run for mayor of New York, said that because of the city’s special health care infrastructure, his office was looking into alternatives that might make more sense. Weiner is one of the health care law’s biggest supporters; during the debate leading up to reform, he was one of the last holdouts in Congress for the public option.

“The president said, ‘If you have better ideas that can accomplish the same thing, go for it,’” said Weiner. “I’m in the process now of trying to see if we can take [President Barack Obama] up on it in the city of New York, … and I’m taking a look at all of the money we spend in Medicaid and Medicare and maybe New York City can come up with a better plan.”

Hey, Mr. Weiner I have a much better plan to never have passed the damn thing in the first place, but since you crammed down our throats and now your political fantasies are gagging on it here’s your better plan — REPEAL THE DAMN THING!!!!! 🙂

During the debate over his health care law, President Obama repeatedly promised that “if you like your plan, you can keep it,” but for millions of Americans that promise has already been broken.

In a shocking admission, Obama’s administration has granted more than 1,000 waivers to the health law to prevent 2.6 million workers from losing their coverage. Millions more weren’t lucky enough to get a waiver, and have already been forced to switch plans.

Most waivers have been distributed to Fortune 500 corporations like Pepsi and McDonald’s, unions, Las Vegas casinos and in one case an entire state.

If corporations and unions can get a waiver from the health law, every American should get one. That is why I have introduced a bill that would allow anyone – an individual, a family, a small business – to receive a waiver. You should not need to be politically connected to keep your health insurance.

My bill uses the same standard created by the Obama Administration. If the law increases your insurance premiums, you can apply for a waiver. If you’re forced to drop the coverage you like, you can apply for a waiver. The bill also requires the Obama Administration to educate the public about the option and regularly report how many families and employers have received waivers.

The Obama Administration has been pretty clear why these waivers are necessary. In an application posted on the Department of Health and Human Services website, applicants are told they can receive a waiver if the lifetime limit mandate would result in a “significant increase in premiums” or a “significant decrease in access to benefits.”

“We don’t want to take away people’s health insurance before they have some realistic other choices,” Secretary of Health and Human Services Kathleen Sebelius told one newspaper.

This confession by the administration is telling. There are countless mandates in the law which would increase premiums and decrease the ability to obtain coverage. For example, by 2014 every American will be required to purchase expensive, government-designed health insurance. Most employers will be forced by Washington to offer comprehensive health benefits or face a fine. The law’s one-size-fits-all benefit mandates will likely eliminate Health Savings Accounts for 11 million families. According to the administration’s own data, the law’s restrictive rules will force 80 percent of small businesses to drop their current plans and purchase more expensive coverage.

The President promised his health law would reduce premiums by $2,500 per family, but insurance has only become more expensive under the law. In New Hampshire, some plans are seeing premiums go up more than 40 percent. In Massachusetts, several plans have announced rate increases of 20 percent or more. In my home state of Michigan, 15 percent rate increases are becoming routine.

Increasing costs are the number one reason Americans cannot access insurance. Yet ObamaCare does nothing to actually reign in health care costs. Instead, it forces Americans to purchase a government-designed insurance product which will be unaffordable for countless employers and workers.

If given the chance, most Americans would prefer to keep the coverage they have. Expanding the administration’s own waiver process will allow families to keep their plans and small businesses to continue offering benefits. (U.S. Rep. Mike Rogers (R-MI))

Happy Birthday, ObamaCare. 😦

Political Cartoons by Chuck Asay

Political Cartoons by Lisa Benson

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