Wednesday, December 16, 2009

"Buy In" and Public Option are "OUT" ?

So the exact language of a Public Option is out. So is the buy in for Medicare for 55 - 64. Another failed amendment was the one that would allow us to buy prescription meds from other countries. But what is buried in the language of this zillion page bill? For sure we know that these three elements remain:

1. You cannot be rejected for health insurance because of pre-existing conditions. And,

2. Your insurance company cannot drop you out of the blue. And,

3. You will be charged a fine if you do not carry health insurance.

Obama and the Dems still claim the bill will be deficit neutral, will result in lower premiums for all, and will lower costs.

This does not compute. The numbers I mean. For example, why have health insurance companies rejected people for pre existing conditions? Cost. If the insurance companies were required to cover those who already have costly conditions, they would have to . . . . . raise the premiums to cover the anticipated costs. So who will help with those costs? Taxpayers. Will the already ill be able to afford those premiums anyway? Likely not. If you think $500 or $600 monthly premiums are high, just imagine what my health insurance premium would be if I tried to go out and buy a policy today (Stage 4 Renal Cell Carcinoma). Since they would not be able to reject me, they would have to charge thousands of dollars a month to cover a small part of my medical bills.

And what about healthy 20 and 30 something people? Probably would rather pay the fine than pay premiums. So they are still not covered. Right?

Still not adequately addressed are Tort Reform, buying health insurance across state lines, and cost control.

This bill is too costly, will drive more Doctors out of practice, and will result in less available care. Don't pass the bill.

Great video interview with Steve Forbes:

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