MUST-READ: 20 reasons why the health care reform bill is a disaster

Here are TWENTY reasons from Investors Business Daily.

Excerpt:

1. You are young and don’t want health insurance? You are starting up a small business and need to minimize expenses, and one way to do that is to forego health insurance? Tough. You have to pay $750 annually for the “privilege.” (Section 1501)

2. You are young and healthy and want to pay for insurance that reflects that status? Tough. You’ll have to pay for premiums that cover not only you, but also the guy who smokes three packs a day, drink a gallon of whiskey and eats chicken fat off the floor. That’s because insurance companies will no longer be able to underwrite on the basis of a person’s health status. (Section 2701).

5. You are an employer and you would like to offer coverage that doesn’t allow your employees’ slacker children to stay on the policy until age 26? Tough. (Section 2714).

6. You must buy a policy that covers ambulatory patient services, emergency services, hospitalization, maternity and newborn care, mental health and substance use disorder services, including behavioral health treatment; prescription drugs; rehabilitative and habilitative services and devices; laboratory services; preventive and wellness services; chronic disease management; and pediatric services, including oral and vision care.
You’re a single guy without children? Tough, your policy must cover pediatric services. You’re a woman who can’t have children? Tough, your policy must cover maternity services. You’re a teetotaler? Tough, your policy must cover substance abuse treatment. (Add your own violation of personal freedom here.) (Section 1302).

9. If you are a large employer (defined as at least 50 employees) and you do not want to provide health insurance to your employee, then you will pay a $750 fine per employee (It could be $2,000 to $3,000 under the reconciliation changes). Think you know how to better spend that money? Tough. (Section 1513).

11. If you are a physician and you don’t want the government looking over your shoulder? Tough. The Secretary of Health and Human Services is authorized to use your claims data to issue you reports that measure the resources you use, provide information on the quality of care you provide, and compare the resources you use to those used by other physicians. Of course, this will all be just for informational purposes. It’s not like the government will ever use it to intervene in your practice and patients’ care. Of course not. (Section 3003 (i))

12. If you are a physician and you want to own your own hospital, you must be an owner and have a “Medicare provider agreement” by Feb. 1, 2010. (Dec. 31, 2010 in the reconciliation changes.) If you didn’t have those by then, you are out of luck. (Section 6001 (i) (1) (A)).

13. If you are a physician owner and you want to expand your hospital? Well, you can’t (Section 6001 (i) (1) (B). Unless, it is located in a country where, over the last five years, population growth has been 150% of what it has been in the state (Section 6601 (i) (3) ( E)). And then you cannot increase your capacity by more than 200% (Section 6001 (i) (3) (C)).

14. You are a health insurer and you want to raise premiums to meet costs? Well, if that increase is deemed “unreasonable” by the Secretary of Health and Human Services it will be subject to review and can be denied. (Section 1003)

15. The government will extract a fee of $2.3 billion annually from the pharmaceutical industry… Think you, as a pharmaceutical executive, know how to better use that money, say for research and development? Tough. (Section 9008 (b)).

16. The government will extract a fee of $2 billion annually from medical device makers… Think you, as a medical device maker, know how to better use that money, say for research and development? Tough. (Section 1405).

So… individuals will have less money in their pockets, small businesses will lay off employees… the number of doctors and hospitals will decrease… there will be fewer new medications and new medical devices developed… and insurance companies will go out of business so that consumers of health care will have fewer choices and pay higher prices.

Every time Obama attacks service providers and product manufacturers, then we get LESS of what they provide. When we get FEWER services and products, then that means that there will be LESS SUPPLY. When demand stays the same and supply goes down, then PRICES INCREASE. We are all going to have to pay for Obama’s economic ignorance. Eventually, the government ends up by closing hospitals and cutting service, as is being proposed right now in the UK. (20 billion euros worth of cuts!)

We could have had real health care reform to make buying health care like buying from Amazon.com. But no. We wanted to buy health care from the DMV, because the service there is SO MUCH BETTER.

4 thoughts on “MUST-READ: 20 reasons why the health care reform bill is a disaster”

  1. WK,

    I have done my best to read through the health care bill and the reconcilliation and amendment texts. Section 313 in HR 4872 (Shared Responsibility – Employer Responsibility) calls for employers with an aggregate payroll of more than $250,000 annually to pay a percentage of total payroll into the HIE. This applies to any size business and I haven’t heard anyone talk about this increase in cost for very small businesses only for those with 50 or more employees.

    Based on my best understanding of the text, the excise tax for either not offering an approved employer plan, or for any employee opting out of the provided plan applies not based on the number of employees but on the amount of annual payroll. 2% of payroll for annual aggregate payroll of $250k to $300k, 4% of payroll for annual aggregate payroll of $300k to $350k, 6% of payroll for annual aggregate payroll of $350k to $400k, and the 8% rate for over $400k a year.

    This means a penalty for an employer who has 10 empoyees making $25,000 a year. If this excise tax is approved and implemented as part of the final reconciled health care bill it is going to kill all small businesses not just those with 50 employees or more who might face a $2000 fine per employee. For example, for a small business with an annual payroll of $400,000 (or 10 employees making $40,000 a year) the excise tax due if all the employees opted out of an offered health care plan would be $32,000.00. This is a straight increase to expenses with no promise for increase in sales, cost of goods sold, or reduction of other expenses.

    I hope i’m wrong about this provision, but if not all small businesses, not just those with 50 employees have reason to be concerned.

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    1. Am I correct in thinking that this will raise unemployment as small businesses struggle to either offer health care or pay the fines, right? So this is a job killer, and it undermines working families?

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  2. These guys are not interested in “improvement”; google the “cloward-piven strategy” or “Saul Alinsky”. They are interested in “changing” the United States into a “soviet” system of government. This is done by destroying the current system by bankrupting it.

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  3. It may. There are still too many questions out there to speak too clearly yet. For instance, whomever is appointed by the President as Secretary must dictate what constitutes a Qualified Health Benefits Plan. This will determine who can and cannot keep what they have. It will also determine what employers must offer their employees which may or may not be of equal cost as the current plan (if they currently choose to offer a company plan).

    Because of the cost of employer-based plans for businesses with so few employees (which I believe is why the Senate bill stipulated the 50 employee minimum, i.e. greater chance an employee plan would already be in place) many such very small business would currently offer compensation packages so that an individual could choose to purchase insurance on their own or keep the money if they chose not to purchase health insurance.

    What is certain is that the bill effects all small businesses in a significant way no matter the number of employees unless the total aggregate annual payroll does not exceed $250,000.00 (in which case the excise tax is 0%). It seems that the companies hardest hit by this excise tax would be those with an aggregate annual payroll exceeding $400,000.00 that do not currently offer an employer based health plan. Either way, it seems logical that if a company incurs an immediate penalty of $32,000.00 per year and employ workers making around $40,000.00 per year they would have little choice but to fire at least one of those employees to make up the difference. I personally don’t see how it could turn out well for small businesses.

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