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The United States currently spends twice as much on condition care per person than other developed nations, yet we are not twice as healthy.
Despite being marketed as a condition care reform bill, the legislation that was signed into law expands the size and scope of the federal government, while failing to deliver on the promise to lower condition care costs. Unfortunately, it will legitimately growth costs for many Americans, both in terms of higher guarnatee premiums and in higher taxes.
The sad imagine for these escalating health costs falls on the overweight, obese and morbidly obese in the Us which is now close to 45% of the general population. The overweight people is responsible for the high division of doctor and hospital visits along with prescription medicine needs in the Us.
The overweight have higher cases of high blood pressure, diabetes, and a range of other overweight caused diseases. So the overweight is one of the top and prime reasons for why the condition care costs are running up for everyone. Most of the overweight are not implicated with their condition or the costs that we all have to bear agreeing to condition officials. As a succeed - enter the new condition law.
Specifically, pathology released by the Centers for Medicare and Medicaid Services (Cms) Office of the Actuary, the valid government actuary for the Medicare program, confirms that the new condition reform law fails to reduce condition care costs. In fact, the Actuary's pathology finds that this new law will growth national condition spending by 1 billion over the next decade. Equally concerning, the most recent pathology warns that the Medicare cuts in the new law could jeopardize seniors' access to care.
Ultimately, hard-working Americans who are already struggling in this difficult cheaper are going to bear the brunt of new taxes, fees and penalties. With each day that goes by, it becomes clearer that we should repeal this bill and replace it with meaningful condition reform that will legitimately reduce the cost of condition care.
The President's New condition Care Law
• Increases government spending by trillions. When fully implemented, this new law will growth federal government spending by .6 trillion, just over 10 years..
• Increases the costs of condition care. This law fails to deliver on the promise to lower condition care costs. In fact, the Actuary of the Medicare schedule has stated in a letter that national condition spending will growth by 1 billion over 10 years. For a person who buys a new guarnatee policy in the nongroup market, this means their mean premium would be 10 to 13 percent higher in 2016 than if we had done nothing. This is an mean premium growth of ,100 for a family policy in the personel market. Americans did not want reform that makes their premiums even more expensive. To read a description issued by the Congressional allocation Office (Cbo) on the growth in premiums.
• heavy expansion of government condition care. The new law includes a heavy expansion in the government's condition care schedule for the low-income (Medicaid). Rather than manufacture condition guarnatee more affordable so that Americans could pick a policy that best meets their condition care needs, 16 million more Americans will instead be forced into a government-run condition care schedule in which 40 percent of physicians restrict access to patients.
• If you like what you have, you Can'T keep it. About 14 million people will lose the condition guarnatee they get straight through their job, resulting in more Americans enrolling into Medicaid. In addition, the new law will cut a total of nearly 5 billion from Medicare benefit plans - favorite guarnatee plans that deliver a range of condition care options to millions of seniors. This law also places new restrictions on condition Savings Accounts (Hsas), medical Savings Accounts, Flexible Spending Arrangements (Fsas), and condition repayment Arrangements (Hras). The law's new restrictions and tax increases will dramatically change for the worse the coverage and benefits millions of Americans currently enjoy.
• New penalties and fees. This new law includes an unconstitutional mandate that requires most Americans to regain condition guarnatee or be expensed a fine simply for not being insured. This fine could be the greater of 5 or 2.5% of your household wage in the advent years.
• Taking money from Medicare and seniors' condition care to create new government programs. This law cuts more than half a trillion dollars from Medicare beneficiaries in order to pay for the creation of new government programs. This includes cuts to hospitals, Medicare Advantage, home health, nursing homes, and hospice care. agreeing to the Medicare Actuary, about "15 percent of Part A providers would become unprofitable within the 10-year corner period" because of the condition care law. The Actuary also found that the new law may succeed in doctors terminating their participation in Medicare entirely, "possibly jeopardizing access to care for Medicare beneficiaries."
• New tax on retirees. On top of the Medicare cuts that retirees will face, this law legitimately increases taxes on employers who offer prescription drug coverage to their retired workers. This .5 billion tax growth will succeed in employers dropping their retiree condition coverage, the exact opposite of what we should be doing.
• New taxes on life-saving medical devices and drugs. These new taxes on life-saving medical devices and drugs make condition care more costly for patients and could stifle medical innovation. The Medicare Actuary found that this tax "would commonly be passed straight through to condition consumers in the form of higher drug and expedient prices and higher guarnatee premiums."
• Job-killing tax. This condition reform law imposes a new tax on jobs by forcing employers who do not contribute "acceptable" coverage to pay a penalty tax of up to ,000 per worker. The Congressional allocation Office confirmed that such taxes "could reduce the hiring of low-wage workers."
According to the Medicare Actuary, businesses will pay billion in new penalties in the middle of 2014 and 2019. These new penalties will fall on the backs of hard-working Americans who are already facing great financial challenges in a struggling economy. With unemployment at such high levels and with so few jobs available, the last thing our government should be doing is imposing new taxes that will legitimately kill jobs and make our "jobless recovery" even worse.
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