Monday, June 22, 2009

Some clips from articles about Obama's healthcare plan.

Here's your mandated, massively expensive health insurance plan

Every citizen will be required to have some kind of approved health insurance. If they don't have it, they will be fined.
cost estimates came in far higher than expected. The initial price tag for a measure drafted by the Senate Finance Committee, for example, was $1.6 trillion over 10 years.
Under the House bill, health insurance would be regulated by a powerful new federal agency, headed by a presidential appointee known as the health choices commissioner.
The bill would impose a new "tax on individuals without acceptable health care coverage." The tax would be based on a person's income and could not exceed the average cost of a basic health insurance policy. People could be exempted from the tax "in cases of hardship."
In reality, it is a recipe for fiscal disaster and a loss of personal freedom so profound as to call into question the American experiment itself.
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Simple Healthcare Math

the Congressional Budget Office issued a report this week concluding, from a partial draft of a Senate health committee bill, that the plan would cost $1 trillion over 10 years but only provide coverage for 16 million of the estimated 50 million Americans who are uninsured.
A hundred and sixty billion dollars per year is $13.3B per month to insure only 16 million people. That works out to about $833 per subscriber. That might be a good price for a 75-year-old, but Medicare already covers them. Mr. Obama wants taxpayers to insure Americans in their 30s, 40s, and 50s.
A quick scan of the Anthem Blue Cross website shows that society could get a much better deal in the private sector -- even without a 16-million person group rate. A Santa Monica, California 50-year-old male can get a $3500 deductible HSA policy for $172 per month. That includes drug coverage and no co-pay for office visits after the deductible is met.
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