Repealing Erisa

One by one, President Obama’s health-care promises are being exposed by the details of the actual legislation: Costs will explode, not fall; taxes will have to soar to pay for it; and now we are learning that you won’t be able to “keep your health-care plan” either.

The reality is that the House health bill, which the Administration praised to the rafters, will force drastic changes in almost all insurance coverage, including the employer plans that currently work best. About 177 million people—or 62% of those under age 65—get insurance today through their jobs, and while rising costs are a problem, according to every survey most employees are happy with the coverage. A major reason for this relative success is a 1974 federal law known by the acronym Erisa, or the Employee Retirement Income Security Act.

ERISA, the Employee Retirement Income Security Act of 1974, as described in this editorial, is one of he best Federal statutes ever passed. Among other things, it guarantees employers ane employees substantial freedom in structuring employee benefit plans, particularly health plans. Obamacare, as clearly described in this editorial, will destroy the whole thing.

No good deed ever goes unpunished.

We have an extremely good self-funded plan, and I feel it is all going to go up in smoke, or down in flames.

For those with plans that currently allow retiring employees to “continue” with the same healthcare plan they had when they were employed......forget about it.

The government plan will treat that “continuation” as you buying private insurance, and it won’t be allowed!

Wake the hell up people. They are legislating a single payor system in disguise. Kill this beast and reset, start over. Liars are not fit to drive reform. Obama and his ilk are un-American. They only care about power and don't give a wit about the Constitution—limited Congressional / government power, the contracts clause, the takings clause, the 10th Amendment, etc.—the free market or individual liberty. Medicare, Medicaid and stifling state government regulation distorting the market is a major cause of rapidly increasing costs. Another major cause is reliance on third parties-insurance-to pay for first dollar of health care services. The consumer must have more skin in the game to achieve any real affect on cost. It's fundamental. Reduce demand by making the consumer self correct and discipline providers to price towards what consumers can afford. The liberals want none of this; only command dna control. Hopefully, this is becoming their Waterloo. If you want socialized medicine, move to Canada.

And then there's this...

The president has decided — just days before the deadline he himself set for passage of health-care bills in both chambers of Congress — that he wants to create a new and very powerful executive branch agency, the Independent Medicare Advisory Council (IMAC), which would be accountable only to him and have the authority to re-write the Medicare program from top to bottom by executive memo.

http://tinyurl.com/lhcw6y

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