Friday, June 29, 2012

Obama's Bait & Switch; Access, Quality and Cost Are Losers Under ObamaCare; More Broken Promises; Few Siliver Linings

ObamaCare side effects may included swollen deficits, shortness of doctors, difficulty getting treatment, elevated tax rates and premature death...ObamaCare Jokes

  • Before I begin, a word about the economy: The economy grew by a dismal 1.9% in the first quarter of this year. And weekly first time unemployment numbers came in at 386,000.
  • Yesterday I suggested to those opposed to ObamaCare (which is a majority of Americans as evidenced by almost every poll taken in the last 3 years. I predict the number will jump as a result of the decision) to step back and take a deep breath. I also posed a lot of questions regarding the law. It's been almost 24 hours since the Court handed down its decision. It's time to take a closer look at this law.
  • First and foremost, we now know, beyond a shadow of a doubt, that Pres. Obama and the Democrats lied to the American people. Pres. Obama himself said in 2009 when asked if the law is a tax hike, "Absolutely not a tax increase...I reject the notion." In other words, the President used a classic "bait & switch" tactic on the American people.
  • According to The House Ways and Means Committee (responsible for tax issues) there are 21 tax increases in the law. Of those, 12 will impact on people making LESS than $250 grand. Another promise broken.
  • Whatever your opinion is of Justice Roberts, we can thank him for one thing: he peeled back the onion and showed all Americans, at the core, the law will be a huge tax increase and burden on all Americans especially small businesses. In turn, the law will more than likely be a job killer. Why? Because small companies with more than 50 employees will be required to provide coverage. In effect, many small businesses will stop hiring employees at 49.

  • We know, beyond the shadow of a doubt, when you add 30 million new enrollees to the health care system, there will not be enough physicians or nurse practioners able to handle this load (a criticism I leveled at the law 2 years ago). In other words, ACCESS to QUALITY health care will be adversely affected. Currenly, we graduate approximately 20,000 physicans each year. But not all go into direct patient care. Many go into research.
  • We know, since ObamaCare is a government run program, physician's allegiance will be to the state, not to the patient. Even most physicians know this. Some democrats are already proposing physicians be unionized (Brietbart).

  • We also know, beyond the shadow of a doubt, that costs will not decrease as proposed in selling the law. Costs have already risen and will continue to rise. Even the Congressional Budget Office reported the cost to the government will be almost $2 trillion over the next 10 years. And since most government estimates underestimate, that number is probably closer to $5-7 trillion, if we're lucky. Remember, states participation in Medicaid, according to the Court's decision, is voluntary (At least that part of Federalism remained intact). So if the states don't provide it, the feds will under ObamaCare. And Medicaid is already broke. 
  • And keep in mind, Pres. Obama just gave amnesty to almost 1 million illegal immigrants. Who do you think will be paying for their health care?
  • And as much as many disagree with the Court's decision, there are some silver linings (albeit a few. Or as Ilya Somin, a George Mason prof said, "You can look for silver linings in the cloud, but it's still a cloud."). Justice Roberts basically said it's up to voting citizens to protect themselves from big government (remember, even Roberts believed the law unconstitutional under the Commerce rule). In other words, the next stop for all those who oppose this law is: THE VOTING BOOTH.
  • We also know this ruling will energize conservatives and Republicans. Within 8 hours of the ruling, Romney raised over $3 million in campaign donations. As of this moment, he's raised over $4 million.
  • And the biggest joke is actually the real title of the law: "The Affordable Care Act."

A Look At ObamaCare By The Numbers (from USA TODAY. Above is the new bureaucracy that is being created):
  • 32 million projected new patients added on to the health care rolls.
  • 27 million Americans remaining uninsured.
  • $1.5 trillion estimated 10-year cost of insurance coverage expansion.
  • $2.085 estimated tax to be imposed on every family (that number will rise--by a lot).
  • 16 million more people added to the Medicaid rolls.
  • Penalties could rise to $4 billion in the next 5 years.
But the day was not all bad: Eric Holder was held in contempt of Congress yesterday. The bad news: The contempt citation is now referred to D.C.'s Attorney General, Holder is their boss. Unlikely they will do anyting. If it goes to court, it could take years to settle.