ObamaCare: Bad Medicine

One hundred days after the new federal health care law was passed, Americans remain anxious about how it will impact them and their families. In fact, many Americans still want to know what is in the nearly 3,000 pages of legislation that might represent real health reform for them.

Unfortunately, when measured against the Administration‘s own stated goals, the new health law fails to address the top health care concerns of the American people. According to a March 2009 report released by Health and Human Services, a majority of Americans identified cost as their top concern with American health care.

Independent experts have found that the new health law will increase the cost of health insurance and health care services. According to the nonpartisan Congressional Budget Office (CBO), premiums for millions of American families in 2016 will be 10-13 percent higher than they otherwise would be.  This represents a $2100 increase per family, compared with the status quo.

And, according to a recent memo from the Actuary of the Centers for Medicare and Medicaid Services, the medical device and pharmaceutical drugs fees and the health insurance excise tax will ―generally be passed through to health consumers in the form of higher drugs and device prices and higher insurance premiums, with an associated increase in overall national health expenditures….

This is not the only bad news. According to the same memo, the new health care law bends the cost curve upward and increases national health spending. In other words, health care will cost more because of this new law.

Contrary to the promise that Americans who like their current health plan can keep it, the Administration published a regulation regarding ―grandfathered health plans – plans that are exempt from the changes under the law.  According to the published regulation, as many as seven out of every 10 businesses across the country will lose their ―grandfathered health plan. This means that about half of the more than 150 million Americans enrolled in employer plans will lose their current plan and either remain without employer coverage, or see the cost of that employer-provided coverage increase due to government mandates and regulation.  (Full report posted here.)

This report was written and published by United States Senators Tom Coburn, M.D. and John Barrasso, M.D.

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