Free Health insurance?

If you think everything in life is free or that everything politicians tell you is true ; then maybe you need to reevaluate your views…

Here is a good overview of the recent Health Bill passed without anyone reading it; now it is time for ” the chickens to come home to roost!”    Which means we all must pay more for what?   HUH!

This outlines the cost, and we all should know by now, there is always a cost!     Read on dear friend!

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Why the Healthcare Bill must be repealed.

Almost every provision of the recent bill is harmful in some way to every single American including the limited number purportedly helped.  A key impact will be a further degradation of the already strained Medicare/Medicaid systems. Analysis of the new Healthcare law, Public Law 111-148 as amended, reveals the law is intentionally designed to eliminate private Health insurance over time and force most Americans onto public healthcare. This will occur, as there are no adequate incentives for businesses to retain their employee Health Insurance. In fact, the incentives mandated by the law will promote cancellation of company provided health insurance and the loss of the jobs of hundreds of thousands of Americans working in the Insurance industry.

Here are the reasons:

Direct Effects of the Healthcare Law:

1. Imposes a 3.8% tax on sale of real estate.
2. Medicare participants in Part D, Drug coverage receive a $250 rebate in 2010 if the doughnut hole is reached.
3. Imposes a 10% tax on indoor tanning services.
4. Small business tax credit to provide insurance to employees.
5. Imposes a 3.8% tax on savings account interest including Certificates of Deposit.
6. Imposes a 2.5% excise tax on sale of medical devices.
7. Increases Medicare Payroll Taxes to 2.35% from 1.45%.
8. Places a tax Surcharge of 5.4% on all income above $500,000 single/$1,000,000 married.
9. Lifetime insurance claim limits abolished.
10. Max out of pocket expense set at $5,000 or $10,000 per year for all plans.
11. Tax penalty of up to 8% of payroll on small business with no employee insurance.
12. Imposes a 2.5% fine on individuals without insurance.
13. Purchase of over the Counter drugs no longer allowed in Flexible Spending accounts.
14. Flexible Spending Accounts limited to $2,500 per year.
15. 20% tax penalty on non-qualified MSA healthcare expenditures.
16. Increases the deficit by more than $30 trillion.
17. Congress IS NOT covered by the plan.
18. Insurance companies and health plans no longer allowed to deny coverage of pre-existing conditions.
19. Temporary government reinsurance program for coverage of over age 55 retirees not eligible for Medicare.
20. Tax paid government insurance pool covering individuals with pre-existing conditions.
21. Preventative services for women and children now required of all insurance.
22. Drug companies required to provide 50% discount to Medicare part D participants.
23. Government paid Long Term care program created.
24. Insurance companies required to give premium rebates.
25. Establish community health centers to provide health services to low income individuals.
26. $2.8 rising to $4.1 billion annual fee imposed on drug makers.
27. Readmission penalties on hospitals with high rates of readmissions.
28. IRS deduction limits for healthcare expenses raised to 10% of Adjusted income.
29. Raises the Medicaid income level for eligibility.
30. Federal income based subsidies to offset insurance cost.
31. Annual fee imposed on insurance companies.
32. Health insurance exchanges established to sell to uninsured individuals.
33. Federal Insurance subsidies to families earning up to $88,000 per year.
34. Excise penalty taxes on high value insurance plans (Most Company Plans are High value).
35. Insurance companies must cover adult dependent children to age 26.
36. Small companies fined if any full time employees qualify for federal health care subsidies.
37. 11 additional major provisions too lengthy to mention in this list. ALL have major impact.

Indirect Effects of the Healthcare Law:

1. The number of uninsured will increase.
2. HSA’s (Health Savings Accounts) will be eliminated.
3. 35 Million Americans will lose their employer coverage.
4. State Medicaid costs rise placing tremendous tax burden on state taxpayers.
5. Senior Citizens will lose many benefits and coverage.
6. Emergency Room overloads will worsen.
7. Insurance coverage for small business will not be readily available.
8. Large Businesses will cancel their Healthcare plans.
9. Spending ratio requirements will reduce coverage.
10. Covering children to age 26 will cost everybody in higher premiums.
11. Limits will be placed on Physician owned Hospitals.
12. Employer fines and penalties will cause loss of coverage for employees.
13. National High Risk Insurance Pools will destroy health insurance companies.
14. Flexible Spending Accounts (FSA’s) to have lower limits and new restrictions.
15. Florida residents will immediately lose Medicare Advantage coverage followed by the other states.
16. Health care costs will go up for all Americans.
17. Pre-existing conditions will not be covered as promised.
18. IRS to withhold refunds to pay fines for not having insurance.
19. New rules will forces doctors to follow government treatment protocols.
20. New law will create doctor shortage decreasing access to healthcare.
21. New law creates a coverage gap for students after graduation.
22. Reduced Medicaid physician payments to cause coverage rationing.
23. Tanning Tax will force many salons and businesses to close or raise prices.
24. New Medical Device Tax will raise costs and eliminate jobs.
25. Younger Americans to pay higher premiums with age based system.

The combined effect of the expanded public health insurance option will ultimately eliminate private insurance including self-funded plans. This because the government plans will by law be the lower cost plan as the Medicare/Medicaid reimbursement system for Hospitals, Physicians and all billing providers will be used. This payment system is already known to be destructive.

This bill will overnight add an estimated 35 million more people to the already bankrupt federal programs without appropriate controls or tax revenue to support it. As employers cancel insurance during the first 5 years of the law, millions more will be added to federal coverage. It is the worst possible blow to your healthcare and is not sustainable. These are the reasons why the majority party tried to rush the bill through without debate or examination. In the end, over the objections of almost 70% of voting Americans, it was passed and approved by the President.

In the coming November 2010 elections and the 2012 elections the best course of action is to remove any member of Congress that voted for the bill.  Candidates standing for election must commit to repealing the Act.

While several states have filed lawsuits on the constitutionality of the law those suits will take some time to resolve. The necessity of the lawsuits would be eliminated by repeal, saving millions for the states and the taxpayers.

All supporting research is available on request including a complete copy of the Healthcare bill signed by the President.

  Now it is time for you to do something unless you are just so happy with this mess!

   Most people do not mind being slaves to the state! 

   It is easy you just let the government decide what you will do!  Because the state know best!

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