Posts Tagged ‘higher health premiums’
Health Care News
White House Health Care Rhetoric About to Meet Reality
At the signing of the Senate health bill today, President Barack Obama said: “In a few moments, when I sign this bill, all of the overheated rhetoric over reform will finally confront the reality of reform.” Let’s review some of the “overheated rhetoric” that is about to get tested by reality.
Over the past months, the President and Congress have promised: that premiums would drop by $2500 per family; that if you like what you’ve got, you can keep it; that it would bend the cost curve down; that it would decrease the federal deficit. The fact of the matter is, none of these things will become reality once the bill is implemented—these claims are nothing but the rhetoric attached to an unpopular piece of legislation in the hopes of creating support that has yet to materialize.
The truth about the bill is already becoming evident as effected parties become vocal with their concerns. Some highlights just from today’s headlines include: (more…)
Tags: bend the cost curve, higher health premiums, Medicaid Expansion, ObamaCare, ObamaCare promises, rising federal deficits, Senate Health Bill, Sunday vote
Health Care News
Morning Bell: What the Senate Bill Would Do To America
Another day, another no-show for the Obamacare reconciliation bill. House Democrats were quick to shift blame to the Congressional Budget Office (CBO) with Rep. Robert Andrews telling The Hill that the delay “has been much more technical than substantive. … It’s not like what tax has to go or what spending has to go.” Which is an interesting claim, since Politico reported that AFL-CIO President Richard Trumka was summoned to the White House yesterday afternoon “to discuss a higher-than-expected excise tax on some health care plans.” In fact, Politico added: “A labor source said Trumka’s meeting would focus on the entire bill, not just the excise tax question.” Sounds like more than just technical details are still in flux.
But in reality, none of these discussions really matter. The reconciliation bill being drafted is nothing more than thin political cover for House Democrats who believe the Senate bill is terrible public policy but want to please their leadership and the President by voting for it anyway. As we detailed yesterday, there is no bill but the Senate bill. Once the House passes the Senate bill, the President will sign it. Game over. It has been almost three months since the Senate passed their bill in the dead of night on Christmas Eve. A review of just how terrible it really is, is in order:
New Middle-Class Taxes: Throughout his campaign, President Barack Obama promised he would not raise taxes on American households making less than $250,000. The Senate bill shatters that promise. For starters, just look at the reason Trumka went to the White House yesterday: the excise tax on high-cost health insurance plans. This tax would overwhelmingly hit middle-class taxpayers. Taxes on prescription drugs, wheel chairs and other medical devices would also be passed on to all consumers, hitting the lower- and middle- classes the hardest. (more…)
Tags: Congressional Budget Office, deficits, excise tax, higher health costs, higher health premiums, middle class taxes, ObamaCare, reconciliation bill, unemployment
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