ObamaCare is paid for with hundreds of billions in new taxes, and once the budget deceptions are revealed it will force new taxes to pay for it all. “The Democrats’ bill is so massive, so far-reaching, and so poorly designed that its implications for the larger economy (and especially for employment, which should now be Washington’s top priority) could be immense—and disastrous.”
Institute a new tax of 10% on the amount paid for indoor tanning services.
When campaigning, Massachusetts Governor Deval Patrick promised to lower health insurance costs for families. When the tightly regulated Massachusetts insurance market resulted in increased premium costs, he turned to price controls. Insurers successfully appealed to have the Administration’s rate freezes overturned, because they would lead to insurers going out of business. ObamaCare is structured with similar regulations as the Massachusetts health system, and Obama made the same promises about lowering premiums, which are proving impossible to fulfill, so federal price controls might be in our near future.
ObamaCare puts Washington in charge of most of the health care sector. And Washington bureaucrats are planning to micromanage every aspect of it, but Washington will never be able to properly run such a complex system. “The U.S. government’s plan to base Medicare payments to hospitals on certain quality-of-care measures could end up transferring funds away from hospitals in the nation’s poorest, underserved areas, an analysis published Tuesday suggests.”
Among ObamaCare’s supposed selling-points are its insurance regulations which require companies to sell insurance to everyone at the same price, regardless of whether they’re healthy or sick. But if you can buy insurance after you get sick, there’s no reason to pay for it until you need it. Massachusetts instituted these reforms in 2006, and they’ve led to a significant increase in costs, which is exactly what will happen when ObamaCare forces these regulations on the whole country.