Posts Tagged ‘cost’
Health Care News
Obamacare Hassle: A 127-Million-Hour Paperwork Burden
Photo: Tetra Images/Newscom
Three House committees have added up the total hours of burden that Obamacare’s regulations will cost Americans: over 127 million hours per year of paperwork.
Federal law requires agencies to estimate the paperwork burden created by rules and regulations, so the estimates for hours of burden come from the Obama Administration itself.
The committees’ new Obamacare Burden Tracker currently includes 157 different rules and regulations that make up the 127 million hours of paperwork.
Read the rest on The Foundry…
Tags: burden, cost, ObamaCare, Obamacare Burden Tracker, paperwork, regulations
Health Care News
Senate Votes Obamacare One Step Closer to the Finish Line
The Senate voted this evening by a 60-39 majority to commence debate on Senate Majority Leader Harry Reid’s bill that would radically expand government control over private health care decisions. The bill is over 2000 pages long, costs an estimated $2.5 trillion over the first ten years of implementation and carries a half trillion dollars in new taxes. Many Americans have to be thinking right now — they have heard from their dissenting constituents at Town Hall meetings and have seen the poll numbers for Obama’s health care bill dropping like a rock so why would they keep moving this bill forward?
This debate will center around many issues including huge taxes increases, economy-killing employer mandates and:
1. Abortion: Congressman Bart Stupak (D-MI) offered an amendment to the House bill to ban all federal funds flowing into the health care system from funding abortion. Senator Reid put language in the bill that allows some funds to go to abortion services by using an accounting gimmick. This issue could take the bill down, because the House approach is far different from the Senate approach. If this bill becomes a referendum on abortion policy, it may fail. (more…)
Tags: abortion, cost, Harry Reid, Landrieu, Lieberman, Lincoln, mandate, Nelson, Obama Health Care Plan, ObamaCare, public plan, Senate, Snowe, Stupak, taxes
Heritage Research
Taxing Low-Income Workers is No Way to Pay for Health Reform
One issue that seems to have gotten lost in the coverage of the town hall meetings is the question of cost and specifically, how Congress and President Obama plan to pay for this health care “reform” bill. However, this is one of the most important issues and merits more attention.
Both the House and Senate drafts of health care reform proposals include “employer mandates” or “pay or play” provisions, which would require employers to pay higher taxes if they do not offer “qualified” health insurance. Some drafts even impose a penalty if some employees decline the employer plan and use the government.
Heritage Foundation analysts James Sherk and Robert Book explain why these taxes will ultimately be paid mainly by employees – particularly low-income workers.
Regardless of who is formally required to pay, the burden of these taxes and costs will ultimately fall primarily on employees through lower wages. An employer mandate does not give workers without health insurance something for nothing but rather forces them to purchase it out of their wages whether they like it or not—and no matter how low those wages are.
Tags: cost, employer mandates
Heritage Research
That Was Then: Exploding ‘Health Reform’ Costs
President Obama and congressional leaders are desperately searching for a way to finance their fast-track power grab over the health-care sector. Both the House and Senate bills, backed by the administration, would cost well over $1 trillion over 10 years.
Read the paper here.
Tags: cost, health reform, House Health Bill, Senate Health Bill
Heritage Research
Illusions of Cost Control in Public Health Care Plans
The available evidence does not indicate that a public plan modeled on Medicare could provide health care comparable to that offered by existing private plans, let alone at a lower cost. Contrary to proponents’ claims, a public plan could not achieve cost savings or substantially reduce the number of uninsured without substantially reducing the quality and access to health care that Americans currently enjoy.
Read more here.
Tags: cost, Medicare, public health plan
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