Establish a temporary national high-risk pool to provide health coverage to individuals with pre-existing medical conditions. (Effective 90 days following enactment until January 1, 2014)
Create a temporary reinsurance program for employers providing health insurance coverage to retirees over age 55 who are not eligible for Medicare. (Effective 90 days following enactment until January 1, 2014)
Empowering patients with consumer-driven health care is a proven way to reduce the growth in medical costs. ObamaCare empowers government agencies and insurance companies instead of consumers by restricting the ability and of patients to take ownership of their health care decisions. “Rising health care costs represent the largest threat to the nation’s fiscal solvency, and unfortunately, Obamacare does little to change that. But empowering consumers can cut costs.”
“In March, Washington looked America squarely in the eye and promised the $1 trillion health care overhaul would reduce the deficit and save Medicare. Moreover, our political leaders assured seniors they could keep their physician. Now reality sets in. None of this was true.”
ObamaCare is the embodiment of President Obama’s rejection of the American Founding principles of limited government, of American exceptionalism, and of the notion of self-evident truths.
Saying that ObamaCare, if implemented, would cost America its status as the “greatest country in the world,” Sen. Orrin Hatch is advancing legislation that would repeal ObamaCare’s individual and employer mandates (two cornerstones of the overhaul) as the first steps toward full repeal.
ObamaCare’s huge cuts to Medicare and Medicaid will especially hurt rural hospitals. “Nestrick said President Obama’s health care plan likely will end up costing his business and others in rural areas more money because the plan focuses on sending more patients to larger, city-based clinics where they can receive cheaper medical services.” The new medical device tax will be passed on to patients, raising the costs of care and reducing innovation in the industry.
ObamaCare would mean more paperwork and less pay for Medicare providers, many of whom would simply stop treating Medicare patients.
Office furniture maker Steelcase Inc. has reported a first quarter ObamaCare charge of $11.4 million. The charge results from the health-care overhaul’s removal of a tax break for providing prescription drug coverage to retirees.
A recent study shows approximately $1.2 billion in annual excess costs to the auto insurance industry from cost shifting due to low reimbursement rates from government-run health programs. Thus ObamaCare’s $500 billion in cuts to Medicare payments could lead not only to greater cost-shifting and higher costs for other Americans’ health care, but also to higher costs for auto insurance.