Posted on 12/15/2021 6:03:53 AM PST by Red Badger
Rep. Jim Banks says it's unnecessary for Democrats to spend almost $40 billion to expand Medicare to cover more services when the program is currently headed toward insolvency
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Turning the tables on Democrats who argue Republican opposition to Obamacare has denied Americans health care coverage, a key GOP lawmaker is warning that President Biden's Build Back Better Act would lead to roughly 2 million people losing their employer-based medical insurance.
"Democrats have always sought to make as many people dependent on the federal government for health care as possible, while eliminating every other option that could drive down prices in the competitive marketplace," Republican Study Committee Chairman Rep. Jim Banks wrote in a memo released Tuesday.
"By wrestling control away from doctors and patients, the Democrats' dystopic healthcare vision puts the onus on corporate and government bureaucrats who care more about the bottom line than they do about the health of our constituents," said the Indiana congressman.
According to the Republican Study Committee, Biden's multitrillion dollar, 2,500-page budget reconciliation bill would "massively expand Obamacare subsidies, giving wealthy Americans access to them, while undermining the ability for Americans to get coverage at their job."
A Congressional Budget Office analysis of the reconciliation bill found that its passage would result in 1.6 million people losing their current employer-based coverage.
Banks said this would force them to obtain "worse care that costs more" compared to their existing private plans.
"Democrats' expanded Obamacare payments would result in nearly 2 million people losing the health insurance they receive from their job, forcing them on to get worse care that costs more," he wrote.
Under Biden's $1.9 trillion American Rescue Plan Act, Democrats "already sent Obamacare subsidies intended for low-income Americans to individuals making as much as $500,000 for the next two years," and this bill would "make that handout permanent," Banks wrote in the memo to the Republican Study Committee.
The bill, which Democrats are seeking to pass with budget reconciliation to avoid the filibuster, would force states to expand Medicaid if they have not done so on their own yet.
Banks said the Medicaid provisions of the legislation would "punish states that haven't expanded Medicaid by withholding funding from hospitals that serve their poorest citizens."
He called the move "potentially" unconstitutional.
"The bill would punish states that have sought better options than Medicaid for their poorest residents and shift coverage for many Americans from private insurance plans to lower-quality Medicaid coverage," he wrote.
The budget bill also would expand Medicare to cover dental and vision for the first time. Banks pointed out in the memorandum that the Medicare trustees found that the program in its current form is headed toward insolvency by 2026.
"The bill would unnecessarily spend nearly $40 billion to expand traditional Medicare to cover hearing benefits even though 93% of Medicare Advantage (MA) plans already cover them," Banks wrote. "Even then, many in traditional Medicare still have access to hearing coverage through private coverage or through Medicaid.
"The Medicare expansion comes at a time when the underlying Medicare program is approaching a fiscal crisis. Medicare's trust fund is facing insolvency in 2026."
The legislation passed in the Democratic-led House and is being considered in the 50-50 Senate.
MANY people are working past the age of 65 I am, YET my healthcare through work was less expensive for me BUT I was forced onto Medicare or face fines just STUPID!!!
The average Medicare recipient receives three times more in benefits than they paid into the system. Medicare is unsustainable as currently structured.
Medicare Part B is optional. You could opt out, but that would be dumb. Federal retirees like myself must use Medicare as our primary insurance, but I still pay the same amount for my Federal Health Insurance plan that I would pay as a working employee. It serves as my Medigap policy and I pay no deductibles.
Nine out of ten Medicare recipients also have Medigap insurance to cover costs Medicare doesn't cover.
There are not enough people working over the age of 65 to save Medicare. In 2020 there were 62.6 million people under Medicare or 18.4% of the total US population. That number and percentage will continue to increase as our aging population increases.
We already have mostly government run health care.
The only quibble is who is paying. Today, it is businesses.
Sometimes I wonder if those two have some special relationship as he lets her do her own thing and he says nothing or is p-whipped.
Haven’t had a health plan since pre-obama. Had United Health Care for the family of four for $400/mth with $20 copay before that and I bought it myself through a broker because my workplace didn’t provide anything.
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