A Strange Old Tool Finds a Modern Day Use (Updated)
A fitting tribute to Obamacare on its one year anniversary.
Michael Tanner and Nathan Benefield have more on this extremely unpopular and unconstitutional law.
Penn Live reported:
Well, it has been a year since the Patient Protection and Affordable Care Act passed, and we are now learning what was in it — much to the detriment of Pennsylvania taxpayers, businesses, doctors and patients.
Here’s some of what we now know: You probably will not be able to keep your current insurance plan. Although the president constantly reassured us that Americans would not be forced to change their current insurance plans, that increasingly appears untrue.
For example, 877,000 Pennsylvania seniors participate in the Medicare Advantage program. The Congressional Budget Office predicts that PPACA “could lead many plans to limit the benefits they offer, raise their premiums or withdraw from the program.” And, the Medicare program’s chief actuary has testified that more than a quarter of seniors could be forced out of the program.
If you get your insurance at work, you will almost certainly have to change plans. The administration now admits that more than two-thirds of companies could be forced to change the coverage they offer their workers. For small businesses, the total could reach 80 percent. The new plans will have to offer additional benefits and meet new federal requirements, likely making them more expensive.
Already, thousands of Pennsylvania workers with Flexible Spending Accounts have seen how much can be contributed to the accounts cut in half, and FSA funds can no longer be used to purchase over-the-counter medications.
Workers with Health Savings Accounts remain in limbo, awaiting rules from the federal Department of Health and Human Services to determine if their plans will survive. Moreover, the law’s individual mandate continues to pose a threat to Pennsylvanians’ ability to keep their current coverage.
That mandate not only requires everyone to buy insurance, it requires insurance to meet strict government requirements, offering the benefits that the government thinks you should have, not necessarily the benefits you want or need.
The Congressional Budget Office officially “scored” the health care bill as costing $950 billion. However, those numbers do not reveal the new law’s true cost. For example, CBO’s estimates do not include roughly $115 billion in implementation costs such as the cost of hiring new IRS agents to enforce the individual mandate.
62% of Americans favor repealing the unpopular bill.
UPDATE: Mark1957 added this:
Obama will be using one tonight at 7:30 pm EDT when he addresses the American people. Prepare to have alot of smoke blown up your backside.