Fact # 1 - If you want protective care such as colonoscopies and mammograms, you have to pay the full annual premium cost up front, at the beginning of each year in addition to your first month's premiums. It is "available to all" but not affordable to all. (9/24/2010)
Fact #2 - all medical devices will be taxed at much higher rates than before Obama, forcing medical costs higher. This is part of the strategy to drive private health care out of business. The alternative? The public option !! Under the Public Option, medical device costs will be dictated by the Federal Government.
Fact #3 - If you as a family making $88,000 annually chooses not to take out insurance, the initial rake of fines will be set at the rate of $695 per family member (including infants) per year. When a family members become seriously ill, perhaps years down the road, you can then choose to enroll into the insurance program. You cannot be refused under the law requiring coverage of pre-existent illnesses.
Fact #4 - Obama and Company added "16 million" to the Medicare rolls while cutting a half trillion dollars of Federal funding out of the program. Before doing this, Medicare has accumulated a mandated but unfunded debt of $37 trillion dollars. Please note that most authorities now say that the total number of folks added to the Medicare rolls is 37 million rather than 16 million.
Fact #5 - Previous to Obama, insurance companies were required by law to pay out 65% of premiums collected back into insurance coverage benefit costs. After Obama, that has been raised to 80%, leaving private insurance with a mere 20% to pay for salaries, bonuses, construction costs, taxes, utility costs and all other overhead items.
Fact #6 - ObamaCare prohibits participating companies from limiting benefit costs for an individual. Companies must, also, accept anyone who seeks coverage.
Fact #7 - According to Morningstar Investment Research, the health insurance industry's
profitability margin was a low 3.45 ranking the insurance industry at 87th out of 215 US industries. Conclusion: the health insurance industry is not the profit monster Obama and the Class Warfare Mongers want you to believe.
updated 10/28/10
Fact # 8 - Beginning January 1, if you have a medical savings account or a Flexible Spending Account , you will have to get a doctor's prescription to buy aspirin, Aleve, Tylenol, cold/flu medicines, hemorrhoid creams, aspiration or inhalant medication, insect repellant for summers in her backyard and Prevacid for an infrequent case of heartburn and 15,000 other medications. Of course, the idea is to drive you out of your medical savings programs and into a full fledged "public option."
Fact #9 - In order to pay for ObamaCare, the Dems are planning on eliminating the homeowner's tax deduction on their mortgage interest. We have a 143,000 loan. This will cost us around $2,000 a year in cold hard cash -- and we are on a fixed income.
Fact #10 - On Jan. 1, the cuts to Medicare Advantage start kicking in -- $140 billion in lost federal funding. This will limit provisions for dental, eye and comprehensive prescription-drug coverage that these policies provide. It is not known how severe these cuts will be.
Fact #11 - The reform law is also designed to push patients and doctors into an HMO-style arrangement, called "Accountable Care Organizations." The cooperating doctors will work for the State, essentially, and the patients will do what they are told to do by the 15 member advisory panel. This all begins in 2014.
Fact #12 - This bill will raise more than $500 BILLION in new taxes by raising payroll taxes, fines to businesses, new investment taxes, fees on medical technology companies. (all medical equipment will be taxed in order to help pay for this monster.
Fact #13 - beginning in 2014, virtually all Americans will be forced to buy insurance or pay a fine.
Critical to this ongoing debate are these words from Governor Palin:
Facebook entryAs more Americans delve into the disturbing details of the nationalized health care plan that the current administration is rushing through Congress, our collective jaw is dropping, and we're saying not just no, but hell no!
The Democrats promise that a government health care system will reduce the cost of health care, but as the economist Thomas Sowell has pointed out, government health care will not reduce the cost; it will simply refuse to pay the cost. And who will suffer the most when they ration care? The sick, the elderly, and the disabled, of course. The America I know and love is not one in which my parents or my baby with Down Syndrome will have to stand in front of Obama's "death panel" so his bureaucrats can decide, based on a subjective judgment of their "level of productivity in society," whether they are worthy of health care. Such a system is downright evil. ...
We must step up and engage in this most crucial debate. Nationalizing our health care system is a point of no return for government interference in the lives of its citizens. If we go down this path, there will be no turning back.:
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