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CBO: Health Bill Would Force Families to Buy Insurance Costing a Minimum of $12,000 Per Year
cns news ^
| 3/18/10
| Pete Winn, Senior Writer/Editor
Posted on 03/18/2010 6:55:37 PM PDT by Nachum
(CNSNews.com) If Congress passes the Senate health-care plan, according to an analysis by the Congressional Budget Office, American families will be required by federal law to buy a federally approved health insurance plan that will cost a minimum of $12,000 per year--and, on average, will cost $15,000 per year -- whether their employer or the government helps them with the premium or not.
Beginning in 2014, the Senate plan would require all individuals to buy health insurance. Anyone who does not obtain insurance through an employer would be forced to buy it out of their own pocket. Families of four that make up to 400 percent of poverty level--currently $88,200 per year--would receive a subsidy from the government to help pay for their premiums. That subsidy would attenuate as their income increased and would disappear when their income reached the 400 percent of poverty level.
(Excerpt) Read more at cnsnews.com ...
TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: bill; cbo; deathpanels; families; fascistmedicine; health; obamacare; reparationmedicine; romneycare; socializedmedicine
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1
posted on
03/18/2010 6:55:37 PM PDT
by
Nachum
To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...
2
posted on
03/18/2010 6:56:02 PM PDT
by
Nachum
(The complete Obama list at www.nachumlist.com)
To: Nachum
This is going to end badly.
3
posted on
03/18/2010 6:57:06 PM PDT
by
HiTech RedNeck
(I am in America but not of America (per bible: am in the world but not of it))
To: Nachum
Oh but we can’t do nothing we want to make it affordable and you get to keep everythng the same.
/s /s /s
4
posted on
03/18/2010 6:58:41 PM PDT
by
Williams
(It's the policies, stupid)
To: Nachum
I’m curious about how they expect these families who only make $1000 a month to pay $1000 a month in Goobermint extortion.
5
posted on
03/18/2010 6:58:43 PM PDT
by
Concho
To: HiTech RedNeck
That is an understatement!!!
6
posted on
03/18/2010 6:58:49 PM PDT
by
Marty62
( Marty62)
To: Concho
They’ll take it all at tax time. And rather than the familiar refund, everyone will have a balance due.
7
posted on
03/18/2010 6:59:59 PM PDT
by
MrChips
(MrChips)
To: HiTech RedNeck
This is going to end badly.
You can say that again.
8
posted on
03/18/2010 7:00:33 PM PDT
by
rdl6989
(January 20, 2013- The end of an error.)
To: Nachum
Where is RINO Romney
as the Dems push through ObamaCARE?
Answer: The RINO coward is hiding, sending out his saboteurs
against Gov. Palin and all conservative GOP stars again,
selling his ghostwritten book, and attacking the
tea party.
Cahill bashes (MA) state -- and national -- health care reform law
State Treasurer Timothy P. Cahill, an independent candidate for governor, today offered
a wide-ranging and scathing criticism of the states universal health care law, saying it is
bankrupting Massachusetts and will do the same nationally, if a similar plan is passed in
Congress.
"If President Obama and the Democrats repeat the mistake of the health insurance reform
here in Massachusetts on a national level, they will threaten to wipe out the American
economy within four years, Cahill said in a press conference in his office.
Echoing criticism leveled by Congressional Republicans in recent weeks, Cahill said, It
is time for the president, the Democratic leadership, to go back to the drawing board and
come up with a new plan that does not threaten to bankrupt this country.
In his defense, Romney admitted to Fox that about half of the real costs of extending
coverage to the uninsured (aka forcing young, healthy people to buy expensive
insurance they dont need) is covered by federal tax dollars. In other words, as expensive
as it is, without federal subsidies it would cost even more.
So when theres a federal Obamacare plan, who do we taxpayers turn to for our
subsidies? China? The United Nations? Mr. Spock and the United Federation of Planets?
Mr. Romney's subsidized coverage is meanwhile doing what entitlements do: crowding
out private insurers, compounding the cost explosion, walking the state toward rationing.
So long as the former governor clings to these central points of his health plan, he's on
the wrong side of free-market policy and public opinion.
This isn't going away for Mr. Romney either, which is why he'd do better by writing off
his own plan as a mistake that Democrats have made worse, and replacing it with a
proposal that deregulates and reforms the private market to lower insurance costs
(thereby achieving greater coverage).
From CATO (the whole article is worthwhile): Before RomneyCare was enacted, estimates of the number of uninsured in
Massachusetts ranged from 372,000 to 618,000. Under the new program, about 219,000
previously uninsured residents have signed up for insurance. Of these, 133,000 are
receiving subsidized coverage, proving once again that people are all too happy to accept
something for free, and let others pay the bill. That is in addition to 56,000 people who
have been signed up for Medicaid. The bigger the subsidy, the faster people are signing
up. Of the 133,000 people who have signed up for insurance since the plan was
implemented, slightly more than half have received totally free coverage.
Health Care Speechwriter for Edwards, Obama & Clinton Now Without Health Insurance
I'm a critic because what Washington is talking about doing
has made health insurance unaffordable in Massachusetts.
Small businesses bridle at health insurance hikes (Romneycare strangles Mass. businesses)
some really bad news from Blue Cross-Blue Shield: His companys health insurance rates are going up 47 percent in January.
Rationing medicine has already begun
government-
run health care has introduced rationing and waiting lists and cost the lives of the people under its provisions.
DEATH PANELS OPEN FOR BUSINESS IN MASSACHUSETTS
President Obama's newly confirmed regulatory czar defended the
possibility of removing organs from terminally ill patients without their permission.
You cant reap these savings without limiting patients choices in some way," said Paul Levy, CEO of Beth Israel Deaconess.
State plan may place limits on patients hospital options( Mass. RomneyCare )
"Romney Visits Nebraska, Talks Health Care [where he defends Romneycare]
"Paying the Health Tax in Massachusetts [Romneycare]
Massachusetts requires every resident to have health insurance, and this
year, without informing us directly, the state had changed the rules in a way that made
our bare-bones policy no longer acceptable. Unless we ponied up for a pricier policy we
neither need nor wantor enrolled in a government-sponsored insurance planwe
would have to pay $1,000 each year to the state.
How did we become outlaws?
"National Health Preview - The Massachusetts debacle, coming soon to your neighborhood."
It was only a matter of time.
They're trying to manage the huge costs of the subsidized middle-class insurance program that is gradually swallowing the state budget.
The program provides low- or no-cost coverage to about 165,000 residents, or three-fifths of the newly insured, and is budgeted at $880 million for 2010, a 7.3% single-year increase that is likely to be optimistic.
The state's overall costs on health programs have increased by 42% (!) since 2006."
A Very Sick Health Plan; Bay States Grand Experiment Fails [RomneyCare]
"Initiated on Mr. Romneys gubernatorial watch in 2006, this experiment has fallen on hard times, and predictably so.
Health care in Massachusetts: a warning for America [Romney brings Mass. to its knees]
The Bay State's mandatory insurance law is raising costs, limiting access, and lowering care.
Three years ago, Massachusetts adopted a plan requiring all residents to purchase health
insurance, with state subsidies for lower-income residents. But rather than creating a
utopia of high-quality affordable healthcare, the result has been the exact opposite
skyrocketing costs, worsened access, and lower quality care."
"Severe doc shortage seen hiking wait time
The shortage is getting more severe"
Health costs to rise again.( RomneyCare )
The states major health insurers plan to raise premiums by about 10 percent next year,
prompting many employers to reduce benefits and shift additional costs to workers.
Nations ill-advised to follow Mass. plan [Health plan a failure]
September 17, 2009 The canary is dead.
Massachusetts, the model for the ObamaCare universal insurance plan, is the canary in
the health care coal mine. Yesterday, its obit appeared on the front page of both The Wall
Street Journal and The Boston Globe-Democrat
"Bay State Insurance Premiums Highest in Country - Boston Globe August 22, 2009
Massachusetts has the most expensive family health insurance premiums in the country,
according to a new analysis that highlights the states challenge in trying to rein in medical costs
40 percent higher than in 2003. Over the same period, premiums nationwide rose an average of 33 percent..."
"Massachusetts: the laboratory for ObamaCare
"Massachusetts' Obama-like reforms increase health costs, wait times [RomneyCare]
Premiums are growing 21 to 46 percent faster than the national average"
"Mass. Pushes Rationing to Control Universal Healthcare Costs (RomneyCare)
A 10-member Massachusetts state healthcare advisory board unanimously recommended
that the state begin rationing healthcare to keep the states marquee universal health care program afloat financially.
"1,000 cancer patients 'refused treatment'"
"Massachusetts Universal Healthcare System Breaking Down Already
ERs in Massachusetts have not seen a downturn in visits. On the contrary, it seems that ER visits are actually on the upswing in the Bay State. In fact, in 2007 they were higher than the national average by 20 percent...
"Hospital patients 'left in agony'"
"National Health Preview - The Massachusetts debacle, coming soon to your neighborhood.
In Massachusetts's latest crisis,
They're trying to manage the huge costs of the subsidized middle-class insurance program that is gradually swallowing the state budget.
The program provides low- or no-cost coverage to about 165,000 residents, or three-fifths of the newly insured, and is budgeted at $880 million for 2010, a 7.3% single-year increase that is likely to be optimistic.
The state's overall costs on health programs have increased by 42% (!) since 2006
Mr. Romney should have known better before signing on to this not-so-grand experiment, especially since the state's "free market" reforms that he boasts about have proven to be irrelevant when not fictional.
Only 21,000 people have used the "connector" that was supposed to link individuals to private insurers."
A Very Sick Health Plan; Bay States Grand Experiment Fails [RomneyCare]
fiscal troubles aplenty within Repubican Mitt Romneys brainchild, Massachusetts grand experiment in universal health care."
"Initiated on Mr. Romneys gubernatorial watch in 2006, this experiment has fallen on hard times, and predictably so.
Even though the Bay State commenced its program with a far smaller percentage of uninsured residents than exists nationwide,
RomneyCare is threatening to bankrupt the state.
"Dem Congresswoman Admits Obama Health Care Plan Will Destroy Private Health Insurance Industry"
9
posted on
03/18/2010 7:01:17 PM PDT
by
Diogenesis
("Resistance to tyrants is obedience to God." --Thomas Jefferson)
To: Nachum
Families of four that make up to 400 percent of poverty level--currently $88,200 per year--would receive a subsidy from the government to help pay for their premiums. Really? If a family of four earns 88K a year and has a million bucks in liquid assets, are taxpayers going to subsidize their health insurance?
10
posted on
03/18/2010 7:02:41 PM PDT
by
freespirited
(We're not the Party of No. We're the Party of HELL NO!!!)
To: Nachum
There goes fun times with the family.
To: Nachum
Sieg heil!
All due respect to my German friends who Are Not responsible for this situation, or the implied one referenced, but who live on in its shadow.
America -- a great idea, didn't last.
12
posted on
03/18/2010 7:03:24 PM PDT
by
Clint Williams
(America -- a great idea, didn't last.)
To: Nachum
How the Hell can people buy health insurance if there aren’t any jobs?
To: rdl6989
I predict some lead poisoning.
14
posted on
03/18/2010 7:03:41 PM PDT
by
unkus
To: Nachum
Or they just don't buy the insurance, pay the fine, buy the insurance when they get sick, and drop it when they're well. With no denial of pre-existing conditions, why not? That is assuming the insurance companies haven't folded by such time.
It's hard to believe the abject stupidity of these single-payer libs who hate this bill. With no insurance companies, we'll get an emergency single-payer system. Crises are golden moments for the evil.
To: Nachum
How come no one brings up what will happen to the economy when these people are paying for health insurance instead of homes,cars or tv’s etc.?
16
posted on
03/18/2010 7:04:18 PM PDT
by
willk
To: HiTech RedNeck
17
posted on
03/18/2010 7:04:32 PM PDT
by
diamond6
(Expose Planned Parenthood: http://www.youtube.com/watch?v=cYaTywSDmls)
To: willk
The ne'er-do-wells don't want to become successful. They want you to be taken down to their level as payback.
They haven't thought that far ahead, willk.
18
posted on
03/18/2010 7:07:20 PM PDT
by
Bosco
(Remember how you felt on September 11?)
To: Nachum
This is the stupidest story yet.
19
posted on
03/18/2010 7:08:06 PM PDT
by
BallyBill
(WARNING:Taking me serious could cause stress related illness.)
To: Nachum
The last paragraph says it all:
Experts predict that more and more families will be forced off of employer insurance and have to buy their own coverage because employers will be faced with the choice of paying premiums of several thousands dollars per employee for group insurance or paying a fine of just $750 per employee for not providing coverage.
Bye, bye employer provided insurance plans and hello government can you please take my temp? Not just NO, but HELL NO, PLEASE DIE.
20
posted on
03/18/2010 7:11:08 PM PDT
by
LuvFreeRepublic
(Support our military or leave. I will help you pack BO!)
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