Wednesday, July 30, 2014

Why Obamacare is unpopular

November 16, 2010 |

It’s not a failure to communicate, as one of the wordiest presidents we have had said after the Republicans won the most congressional seats in an election since 1938.

No, it’s the stuff we keep finding out about the bill that Democratic Speaker of the House Nancy Pelosi said Congress would have to pass before its members and the voters could find out what was in it.

Take, for example, the people with pre-existing conditions who supposedly couldn’t get health insurance. The health care bill gave the federal Health and Human Services Department $5 billion to create and sell its own health policies to serve this group. It started in July and runs through 2014, when the bulk of Obamacare takes effect.

Thanks to the Wall Street Journal we now know that across the 50 states the total served by this wonderful government insurance is 8,011. Included in this total are 27 state-created plans. That’s 8,011 out of a U.S. population of 308 million.

This plan subsidizes 65 percent or more of the total cost. Last week HHS cut premiums 20 percent, hoping to attract more people to sign up for the program.

As it stands now we taxpayers are paying $624,000 for each insured person.

As the late Sen. Everett Dirksen was widely believed to have said, “A billion here, a billion there and pretty soon you’re talking serious money.”

It’s only going to get worse. As noted economist Arthur Laffer wrote in the same Nov. 12 edition of the Journal, urging the full repeal of Obamacare, “which allows individuals to pay only 5 cents for each dollar of health care. Who do you think pays the other 95 cents?”

Besides the huge cost to taxpayers this health care law is such a heavy anchor dragging down the economy that even Congressman Barney Frank, D-Massachusetts, admits it was a bad idea to require businesses to file a 1099 report on every purchase they make over $600.

This bill is a monstrosity that’s going to kill off medical care at the same time it taxes us all to pay for insurance from the government. The law grants the secretary of HHS the power to establish care guidelines that your doctor must abide by or face penalties and fines.

Insurance market reforms and the individual mandate “could make it impossible for colleges and universities to continue to offer student health plans,” according to a letter from the American Council on Education.

This is the tip of the iceberg. It’s no wonder businesses are frozen in their tracks. Besides not knowing what taxes will be for this year, they are wondering how they will survive this rogue wave of Obamacare and what further damage it will inflict.



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