Wednesday, July 11, 2012

Top 10 ways health care law increases costs

Mr. CONNOLLY of Virginia. Madam Speaker, I have 1 minute, so I'll have to go fast. Here are the top 10 reforms the Republicans want to repeal with their death panels tomorrow:

  1. Discounts on prescription drugs, saving seniors $600 a year;
  2. parents offering health care coverage to their children up to age 26;
  3. lower premiums as a result of the health care exchanges;
  4. protections from bankruptcy in the event of a catastrophic illness;
  5. free preventative screening and wellness visits every year;
  6. reforms strengthening Medicare Advantage, resulting in a 7 percent drop in premiums for the first time ever and a 10 percent increase in enrollment;
  7. $151 in average rebates this year alone from insurance companies to consumers all over the country;
  8. protections from having coverage rescinded arbitrarily by insurance bureaucrats;
  9. tax credits for small businesses to help defray the costs of offering coverage to their employees; and, finally,
  10. guaranteed medical coverage even if you, in America, discover you have a preexisting condition.

Sounds like a great list, doesn't it?

Except one thing.

Have you ever noticed that when the government "saves" its citizens a cost, that it is actually costing the government that same cost?

And if it costs the government something, it will eventually cost the taxpayer something, right? 

The same thing is true of insurance companies.  If the insurance company pays for something, it eventually comes from the insured in the form of premiums.  This can also be a government-insurance cycle that goes in circles, too. 

The analogy from the audio production world is a feedback loop--that screaming sound when the microphone gets too close to the speaker.

We may not feel it now, but the Chinese, Japanese, Canadians and Mexicans won't keep allowing us to increase our debt forever.  There is a ceiling.

Oh, and all this is if you have exercised your "right" to health care by being coerced by the government into buying health insurance.

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