Bad Medicine: A Guide to the Real Costs and Consequences of the New Health Care Law

Cato Institute ^ | July 12, 2010 | Michael Tanner

[Conservative Coulter Fan]

For better or worse, President Obama's health care reform bill is now law. The Patient Protection and Affordable Care Act represents the most significant transformation of the American health care system since Medicare and Medicaid. It will fundamentally change nearly every aspect of health care, from insurance to the final delivery of care.

The length and complexity of the legislation, combined with a debate that often generated more heat than light, has led to massive confusion about the law's likely impact. But, it is now possible to analyze what is and is not in it, what it likely will and will not do. In particular, we now know that:

• While the new law will increase the number of Americans with insurance coverage, it falls significantly short of universal coverage. By 2019, roughly 21 million Americans will still be uninsured.
• The legislation will cost far more than advertised, more than $2.7 trillion over 10 years of full implementation, and will add $352 billion to the national debt over that period.
• Most American workers and businesses will see little or no change in their skyrocketing insurance costs, while millions of others, including younger and healthier workers and those who buy insurance on their own through the non-group market will actually see their premiums go up faster as a result of this legislation.
• The new law will increase taxes by more than $669 billion between now and 2019, and the burdens it places on business will significantly reduce economic growth and employment.
• While the law contains few direct provisions for rationing care, it nonetheless sets the stage for government rationing and interference with how doctors practice medicine.
• Millions of Americans who are happy with their current health insurance will not be able to keep it.

In short, the more we learn about what is in this new law, the more it looks like bad news for American taxpayers, businesses, health-care providers, and patients.

[VRWC For Truth]

Shove each page up their azzes one by one.

[EGPWS]

For better or worse, ...

Is there even a question??

[AceMineral]

I kept waiting for the bomb to drop like it did every year, but this year it did not. Arkansas Blue Cross did not raise the premium this year. I have an individual policy that I pay quarterly, and October for November-January is when I get the letter saying they are raising the premiums. Not this year.

I don’t look forward to the May-July quarter because I will have had a significant birthday by then I will almost certainly be in a higher premium bracket.

[Candor7]

My family policy deductable with a Health Insurance Company through employment rose from $500 to $5000. The employer was so ashamed they allocated $2500 to each employee so that our out of pocket deductable would be $2500. Obama gave the Health insurance industry 2 years to run wild, thats how he got them to fold and go along with Obama Care., they will make After 2014 private Health Insurance will disappear, because Obama will have created the very goblinis he needs to justify Obama Care.

Obama wants those health insurance profits, and he will siphon off these profits to build his "Utopia." Rationong will happen just to liine the giovernmengt pockets. Tyis is the destruction of the free maret system of health care. Its control over everyone'squality of life. Whether you get health care will depend soon on how you voted, what your politics are, and if you can beg and whie properly, y9ou might ne fortunate enough for the givernment healath rationers tio hand you the care tio keep you alive. Of course you will do better if you happen to be in the racial or ethnic minority category. Thats HOPE and CHANGE!

You like it NOW? EFFING idiots who voted for Obama, they should be pilloried, every last one!

I will not be forced into a contract under fear of penalty from our government. I will resist and then either fight them or move out of the country. Eff every last one of these Obama fascists!No government is going to control my quality of life, I will do for myself!And I will never beg the bastards for help, I'll die first.

How many feel this way? About 200 million of us.And we need to rise!

[GailA]

AMMO LIST

DEMOCRATS WAR ON SENIORS AND BUSINESS

How ObamaCare Guts Medicare
http://online.wsj.com/article/SB10001424052748703649004575437311393854940.html?mod=WSJ_Opinion_LEFTTopOpinion

Health law’s heavy impact by Paul Guppy (Taxes)
http://www.spokesman.com/stories/2010/mar/28/health-laws-heavy-impact/

Monthly premiums to rise for 7 of top 10 Medicare prescription plans in 2011
http://www.startribune.com/business/103642009.html?elr=KArks:DCiU1OiP:DiiUiacyKUnciatkEP7DhUr

Social Security: No 2011 increase expected (COLA)
http://money.cnn.com/2010/10/05/news/economy/Social_Security_cost_of_living_adjustment/index.htm

No Social Security COLA Expected For 2011 News Expected To Be Bad For Democrats
http://www.kptv.com/politics/25344443/detail.html

They forgot to add this to the “Rest of the Story”

http://www.politifact.com/truth-o-meter/statements/2010/jan/22/chain-email/chain-e-mail-says-congress-raised-own-salaries-whi/

Shall we wait to see how the media and the establishment Pubbies handle this one?

Harvard Pilgrim cancels Medicare Advantage plan
http://www.boston.com/business/healthcare/articles/2010/09/28/harvard_pilgrim_

Seniors’ coverage options dwindle as Medicare Advantage programs close shop
http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-advantage_22bus.ART.State.Edition1.3c912a9.html

Survey in New England Journal of Medicine 46% of US Doctors Will Quit Obamacare Passes http://www.associatedcontent.com/article/2798380/shocking_survey_in_new_england_journal.html?cat=75

ObamaCare has just made me Sicker!
http://www.nypost.com/p/news/local/manhattan/bamcare_has_just_made_me_icker_c1dBRZ6M3yuH27rAVnLsvN

In the notice, EmblemHealth told Gowland, who is healthy, “The proposed rate increase includes two components: a basic increase on your type plan and an increase due to the cost of enhanced benefits required by the new federal Patient Protection and Affordable Care Act.”

Mayo clinic stops taking Medicare patients
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=517004

Principal To Cut Jobs, End Med Insurance Business
http://www.kcci.com/money/25224059/detail.html

Obama: We knew health costs would go up
http://thehill.com/blogs/healthwatch/health-reform-implementation/118079-obama-we-knew-health-costs-would-go-up

President Barack Obama insisted he can overhaul the U.S. healthcare system without raising taxes for anyone but the wealthiest Americans

The New Federal Wedding Tax: How Obamacare Would Dramatically Penalize Marriage
http://www.heritage.org/Research/Reports/2010/01/The-New-Federal-Wedding-Tax-How-Obamacare-Would-Dramatically-Penalize-Marriage

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1099: The Trojan Horse within Obamacare
http://palmettoinsider.com/2010/09/21/1099-the-trojan-horse-within-obamacare/

Repeal Obamacare: Small-Business Killer
http://www.humanevents.com/article.php?id=38496

Senate Expands IRS Form 1099 Reporting Requirement to Include All Rental Property Owner
http://www.cnsnews.com/news/article/75911

Paperwork nightmare: New 1099 mandate must be repealed
http://billingsgazette.com/news/opinion/guest/article_61e61666-bbc1-11df-b2c3-001cc4c002e0.html

Health care law*s massive, hidden tax change( 1099*s)
http://money.cnn.com/2010/05/05/smallbusiness/1099_health_care_tax_change/index.htm

Lost in Taxation, The IRS*s vast new ObamaCare powers.
http://online.wsj.com/article/SB10001424052748704518904575365223062942574.html?mod=rss_opinion_main