Why The Health Care Bill Fails
When the President was pushing so hard for the government to take over our health care he made several promises. On September 9, before a joint session of Congress the President said his health care bill “will slow the growth of health-care costs for our families, our businesses, and our government.”
Unfortunately, that isn’t quite true. In fact, Medicare’s Office of the Actuary issued an independent, 38 page analysis on April 22 in which Chief Actuary Richard Foster wrote “the growth rate reduction from productivity adjustments are unlikely to be sustainable on a permanent annual basis…”
Now experts are predicting that Obamacare will boost U.S. health spending by $311 billion through 2019, while federal medical outlays will grow by a net total of $251 billion.
The President also promised “If you like your health-care plan, you will be able to keep it. Period. No one will take it away. No matter what.” Now thousands of employers are likely to terminate their existing coverage. That is because the penalties imposed by the plan will not be a substantial deterrent for a business to drop or forego coverage. Experts again predict that the number of people with employer sponsored health coverage will be reduced by about 14 million.
Then of course the President made this famous promise:”under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.” Another promise that can’t be kept. Over the first 10 years of operations Obamacare will cost $2.5 trillion. Perhaps that is why Democrats in Washington are eying a national sales tax.
Don’t forget that Obamacare already contains $569 billion in new taxes on such things as prescription drugs, medical devices, health insurance plans and even tanning salons.
Oh, and by the way, Chief Actuary Richard Foster flatly says that “an estimated 23 million people would remain uninsured in 2019.”
It’s time to start working on how to repeal this catastrophe of a health care bill.
Cross posted at Vote Marsha.com