Tag Archives: Government

New Lewin study: 83 Million would lose private health coverage under Obamacare

Story from the American Spectator. (H/T ECM)

Excerpt:

Democrats and President Obama have denied that the creation of a new government-run health care plan would be a Trojan Horse for single-payer health care, but a new report by the Lewin Group (comissioned by the Heritage Foundation) finds that the House Democrats’ health care bill would shift more 83.4 million Americans from private health care coverage to the government plan. To put that in perspective, that would mean that nearly half (48.4 percent) would lose their private health coverage. In all, the government plan would have 103.4 million members once implemented, according to the Lewin analysis. President Obama has repeated the mantra that anybody who likes their health insurance plan can keep it, but in reality about 63 percent of covered Americans get their health care through their employers, and if employers decide to drop their current health plans in favor of the government plan, workers won’t have any choice but to sign up.

The reason for the dramatic shift is that the Lewin Group has anticipated that with government setting lower reimbursement rates for doctors, hospitals and other health care providers, the government plan will offer lower premiums than private plans. However, the flip side is that the Congressional Budget Office estimates providers will lose $361.9 billion in revenue over the next decade if the House bill is passed. That will mean lower quality of care, shortages in doctors and hospitals, and/or increased shifting of costs on to those with private health care. Should further cost-shifting occur, it will then in turn erode private health care coverage even more dramatically.

He’s a socialist. He wanted single-payer health care. He wants to control whether you can buy medical services. He wants to confiscate your earned income that you want to use to pay for your prostate cancer treatment, and he wants to spend it on someone else’s elective abortion. Understand?

What did Reagan do when he inherited a recession?

Ronald Reagan
Ronald Reagan

Here is a piece from Bloomberg from Amity Shlaes. (H/T The Western Experience)

Excerpt:

Double-digit unemployment looms. The country is in a funk. The federal budget deficit is widening to an extent not seen in decades.

This scenario isn’t new. It also describes the U.S. in 1982. Somehow, the 1980s and the 1990s turned out to be pretty good years. So it’s worthwhile to compare current policy to the one followed then.

…Today, taxes are on their way up. Whether it will be abolishing some of the tax deductibility of health care or increasing taxes on soda, President Barack Obama and Congress are clearly signaling the direction in which they want to move. Most tax increases under discussion would make the rich, or companies, the first to pay. The justification offered for this is that the federal government needs the money and may know how to spend it better than the private sector, anyhow.

…In the early 1980s, the view on taxes was the opposite: get them down. The Economic Recovery Tax Act of 1981, enacted by Ronald Reagan, pushed tax rates down for wealthy and non-wealthy alike. The capital gains tax rate dropped to 20 percent. When Reagan signed the Tax Reform Act of 1986, the top marginal rate on income taxes fell to 28 percent.

Is Obama right? Or was Reagan right?

The coming tax increases

The Wall Street Journal reports on some of the new taxes Obama wants to impose.

The [health care] bill’s main financing comes from another tax increase on top of the increase already scheduled for 2011 under Mr. Obama’s budget. The surtax starts at one percentage point for adjusted gross income above $350,000 in 2011, rising to two points in 2013; a 1.5 point surtax at incomes above $500,000, rising to three in 2013; and a whopping 5.4 percentage points in 2011 and beyond on incomes above $1 million.

And what happens when you tax the rich?

House Democrats… claim that this surtax would raise $544 billion in new revenue over 10 years. America’s millionaires aren’t that stupid; far fewer of them will pay these rates for very long, if at all. They will find ways to shelter income, either by investing differently or simply working less. Small businesses that pay at the individual rate will shift to pay the 35% corporate rate. When the revenue doesn’t materialize, Democrats will move to soak the middle class with a European-style value-added tax.

It should be noted that a value-added sales tax disproportionately hurts the poor.

Government of Canada moves to monitor Internet users

Story from the Western Standard.

Excerpt:

In the spring, the Government of Canada introduced two pieces of legislation that would greatly expand the power of the state to monitor its citizens online activity. The legislation, known as the Investigative Powers for the 21st Century (IP21C) Act, would force Internet Service Providers (ISPs) to install costly surveillance systems on their networks and give police wide ranging new powers that do away with judicial oversight.

…First, ISPs will be required to install costly surveillance equipment on their networks. …Second, the legislation would require that all ISPs give personal information to the government, including the names of their customers, as well as their IP, e-mail, and mailing addresses—on demand and without any judicial oversight.

Police will also gain expanded powers under this legislation. First, they will be able to obtain information about Internet-based messaging, including tracking what sites people are visiting and who they are communicating with. This information will be subject to a judicial order. Second, police will be able to order ISPs to preserve data on their customers. Third, police will be able to obtain a warrant to remotely activate tracking devices in technologies such as cellular telephones.

Surprising, because the Conservatives are in power in Canada.