The ridiculous way this bill plans to pay for itself
For those that cannot afford healthcare, the government will subsidize it. So we can expect, at this point 30 million Americans to have subsidized insurance. We can add to that all of the people that are going to loose their jobs because of the requirements now on businesses. So we've got over 30 million people for whom the government will pay at least a portion of their insurance. Where is this money going to come from? Fines from companies and individuals won't be enough to pay for it. We all know what that means: tax increases! The payment for this bill will come from new taxes on medical procedures (which will just cause health care costs to increase even more), increased taxes on pharmaceuticals (hitting the elderly and the sick), taxes on "expensive" healthcare coverage (meaning those who can afford really good coverage [of course, I'm sure the Congresspeople are exempt from this]), and cuts in reimbursements to doctors and hospitals from Medicare (yet again, targeting the old). Many experts say those still won't be enough and are predicting higher general tax increases to make up the difference. Hmm, I wonder, will the government also subsidize some of the individual fines they are charging as well for those that can't afford insurance but aren't poor enough to qualify for the subsidized version?
The type of coverage that companies are now required to offer
I have to carry things I don't need. If I'm an individual male, my healthcare still has to provide me with maternity and pediatric coverage. I cannot find a way to lessen my costs by rejecting such coverage.
Please keep reading on the next post:
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