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Fully Intended Consequences


Some interesting findings via a press release from The National Center for Public Policy Research.

Among the findings:

  • The President’s plan would create a new federal agency charged with monitoring health insurers to make sure that proposed premium increases are not “unreasonable” or “unjustified.”  This agency could compel private insurers to lower premiums, offer rebates or “take other actions to make premiums affordable.”

Really? We need to create a new federal agency? Is this agency going to continue the success of Fannie Mae? Freddie Mac? The Post Office?

  • The President’s plan would also dictate that health insurers cover those with pre-existing conditions and saddle them with billion in new taxes and fees.

The President has submitted a plan that will allow Congress to dictate to American businesses how they should run their businesses? Weird, I thought this sort of tyrannical mentality is what created America.  It’s surely something our Founding Fathers fought against and kept in mind as they drafted our Constitution.

  • Health insurance is one of the least profitable industries America.  In terms of profit margin, in 2009 it ranked a dismal 87th out of 215 industries; their overall profit margin was a mere 3.4 percent.

We’ve covered this one before. The myth of the “fat cat” insurance companies is just that, a myth.  Proctor & Gamble makes a bigger profit when you go to the store and buy Clorox than insurance companies do when you purchase a policy.

  • The President’s proposed combination of new taxes and price controls would cause a wave of health insurer bankruptcies, devastating the industry and reducing health insurance options for consumers.

This whole sentence should be in bold.  “Will not raise taxes on families making less than $250k/year” blah, blah, blah. Rhetoric.

  • Eventually, the shrinking pool of private insurers would force the government to enact a single payer system to provide the insurance that Congress mandates that all Americans have.

Umm, hmm. Mandates?  Please see above. 

And let’s not be fooled by the “But the government mandates that we have auto insurance, what’s the difference?”  rhetoric (there’s that word again) being used by supporters.  The difference is we can choose not to drive.  With President Obama’s plan, that choice disappears.  If there are no private insurers then we face another “crisis” forcing the government to step in with another bailout.  Only this time, it’s for the American people.  Have we not learned over the course of a year how quickly the government likes to give up control of something once they finally get it?

The report can be read in it’s entirety here.  Please, please read it.  Go to other sites, both for and against it; educate yourself.  And then please, get involved.  Calling, emailing or writing your representative in Congress takes less than five minutes.  Then do the same thing with your state representatives.  Write a letter to the editor of your newspaper.  Call in to talk radio shows.  Talk to your neighbors and friends about what this kind of legislation will do to our future…to the future of our children; and, to the future of our country.

**emphasis added

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