That blathering tool Barack Obama is always going on about how defenders of the “status quo” will wreck the country and bankrupt everyone, while his ObamaCare government-run “reform” will make unicorns fly out of everyone’s dark orifices and gum drops fall from the sky.
Power Line Blog takes a detailed look at the recent PriceWaterhouseCoopers report on the Democrat health care plan and notices it’s going to take a big bite out of the average family’s bank account while providing them with no added benefit. Except, I guess, the benefit of knowing they’ve funded the health insurance of some illegal alien somewhere and probably paid for a few abortions.
Today’s big news story is the release of a report by PriceWaterhouseCoopers on the impact the Senate Finance Committee’s health care “reform” bill will have on health insurance premiums. PWC concluded that the cost of health insurance for the average family will rise by $4,000 by 2019, as compared with doing nothing.
The PWC analysis covered four features of the Baucus bill; the report acknowledges that other provisions of the bill could reduce costs slightly, but those reductions are very small compared to the effects discussed in the report.
And even while it’s not actually cutting costs for families, it’s also encouraging young, healthy people to pay the tiny fine rather than buy health insurance, which will be available to them for free when they need it anyway due to the provisions against denial due to pre-existing conditions.
PWC calls this provision the “weak mandate.”
What is meant by a “weak mandate” is that, in the current version of the Baucus bill, there is no requirement to buy health insurance at all until after 2013, and by 2017 the penalty for failing to buy health insurance still amounts to only about 15% of the cost of the insurance. Now, think about it: if you know that you don’t have to buy health insurance when you are young and healthy, but if you should get sick, or just get older, you can apply for health insurance at any time and it will be illegal for the insurance company to turn you down, what would you do? Obviously, you would defer buying insurance unless and until you get sick. This means that the pool of those who are insured will be lower quality, and the cost therefore higher for everyone who buys insurance. It is as though you could wait until you die, and then your heirs can buy life insurance on you.
This isn’t reform, it is stupidity.
Like That? You'll Probably Like These.
- Dems Gamed CBO System To Get Phony “Deficit Neutral” Bill
- REPORT: Private Health Insurance Illegal Beginning 2013
- Obama Supports Jail For Ignoring Insurance Mandate
- Penalty For Failure To Comply With ObamaCare: Jail
- Patrick Murphy Is Lying About ObamaCare Not Covering Illegal Immigrants
