Saturday, July 10, 2010

ObamaCare: Dream Turned Nightmare

Key provisions of the president's health care reform are about to take effect. Don't expect any of it to be pretty. It turns out that — as predicted by health experts, and reported on this page — ObamaCare will make health insurance premiums rise rather than fall. This and other unpleasant truths are revealed in a new report from two Republican senators, which charges that "when measured against the administration's own stated goals, the new health law fails to address the top health care concerns of the American people." Tom Coburn of Oklahoma and John Barrasso of Wyoming are the only two members of the U.S. Senate with M.D.s, and their prognosis in the report, titled "Bad Medicine: a Check-up on the New Federal Health Law," is far from good. "Independent experts have found that the new health law will increase the cost of health insurance and health care services," the two doctor-senators say, noting the Congressional Budget Office concludes that "premiums for millions of American families in 2016 will be 10%-13% higher than they otherwise would be. This represents a $2,100 increase per family, compared with the status quo." Add to that the fact that according to the Joint Committee on Taxation, much of ObamaCare's new taxes will trickle down and end up being paid for by health care consumers. These include "the $60 billion tax on health plans, the $20 billion tax on medical devices and the $27 billion tax on prescription drugs." Makes you wonder which party is on the side of the little guy...more

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