Massachusetts Health Insurance

Written by Admin
Posted October 24, 2009 at 7:48 am

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Resolved Question: Obamacare will cost each family an extra $1700/year in premiums; do you really want this?

http://caosblog.com/11195

So tote up the cost of this bill on the middle class:

– $1,700 more in insurance premiums for the average family.

– Medical devices like wheelchairs and hearing aids get taxed.

– Those who are sick must pay an average of about $600 more a year in income taxes because the bill raises the threshold for deducting medical expenses from 7.5 percent of income to 10 percent.

– A $404 billion cut in Medicare.

– Ending the subsidized Medicare Advantage insurance for costs over and above Medicare. Without Medicare Advantage, the elderly can only augment Medicare by buying Medigap coverage for which no subsidy is available and whose premiums are higher (offered, conveniently enough, by Obama’s buddies at the AARP).

– No importation of Canadian medicines and no competitive bidding to hold down prescription drug costs (Obama’s deal to get Pharma’s support and advertising dollars).

– A shortage of medical personnel and equipment as 30 million new patients are added without any expansion of the population of doctors and nurses. This shortage will make rationing inevitable, even if it shortens life expectancies among the elderly.

And, all of this assumes that the House bill, which imposes a 4.5 percent payroll tax (which will discourage new employment), does not pass — and that the cost estimates of this program prove realistic. Despite the Congressional Budget Office’s concurrence, one can’t help noticing that Massachusetts’ program was estimated to cost $200 million in 2005 and now costs $700 million!

This health care bill is, indeed, Obama’s first tax on the middle class.

And when are we going to feel the pain of the expiration of Bush’s tax cuts?

http://townhall.com/columnists/DickMorrisandEileenMcGann/2009/10/14/obamacare_means_$1,700_more_in_insurance_premiums_for_a_typical_family