“The fundamental struggle in American health care is over how to allocate resources. Or, put differently, who should be in charge of allocating scarce health-care resources? The government, or consumers in a functioning marketplace?”
Details“But the President goes even further, by claiming that his signature health law actually expands benefits for seniors, because the law slightly increases Medicare spending on preventive services and prescription drugs. But according to the Congressional Budget Office, for every $500 the law spends on preventive services and prescription drugs, it cuts the rest of Medicare by $7,385. That’s a cut-to-spending ratio of nearly 15 to 1.”
Details“Screening colonoscopies under Medicare are cheap but usually not free. And President Obama didn’t craft the policy that first extended coverage for the colonoscopies and lowered their cost, either. President Bush did it.”
Details“At the inception of ObamaCare, then Speaker Nancy Pelosi said Congress had to ‘pass the bill so you can find out what is in it.’ And now we have found out. Filled with new entitlements and symbolic hand-outs, the true impact of this extraordinarily damaging law has only just surfaced in advance of its most destructive effects to come. Only the voters can stop it.”
Details“A D.C. board has voted to require individuals and small-business owners in the District to purchase their health insurance through the newly minted health exchange it oversees. The D.C. Health Benefit Exchange board approved the regulations late Wednesday, with just one modification to shrink the size of businesses that would come under the regulation.”
Details“Obama’s plan makes tax credits available to people who get health insurance from exchanges set up by state governments. If states don’t establish those exchanges, the federal government will do so for them. The federal exchanges, however, don’t come with tax credits: The law authorizes credits only for people who get insurance from state-established exchanges. And that creates some problems the administration didn’t foresee, and now hopes to wish away.”
Details“Before Obamacare, the government was already spending over a trillion on health care through Medicare and Medicaid and by extending health care tax benefits for certain people. Maybe it’s time to stop spending more money and instead think about spending the current dollars more effectively.”
Details“So why is it that the group that purports to speak for seniors, the American Association of Retired Persons, so strongly supports a law that most seniors oppose? According to an explosive new report from Sen. Jim DeMint (R., S.C.), it’s because those very same Medicare cuts will give the AARP a windfall of $1 billion in insurance profits, and preserve another $1.8 billion that AARP already generates from its business interests.”
Details“The rule in question concerns the Patient Protection and Affordable Care Act’s tax credits, not the law’s tax increases. The tax credits are intended to offset the cost of insurance premiums for low- and middle-income workers. For many Americans, however, those tax credits are like an anchor disguised as a life vest. The mere fact that a taxpayer is eligible for a tax credit can trigger tax liabilities against both the taxpayer (under the act’s ‘individual mandate’) and her employer (under the ’employer mandate’).”
Details“Democrats claim that they haven’t raided Medicare, because the ACA doesn’t cut benefits. This is technically true but misses the larger point. If cuts to providers fall below the cost of actually providing those services to Medicare patients, providers will limit or stop offering those services to patients. Put another way, seniors will be offered fewer benefits.”
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