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If you are not motivated to pour over thousands of pages of legislation to determine for yourself how healthcare reform will affect you here’s an alternative. On October 29, 2009 Speaker of the House Nancy Pelosi unveiled the latest bill aimed at passage in the House of Representatives in order to pursue President Obama’s political agenda. Her announcement reflected in a press release available on her website provides insight into an impossible dream.

According to Pelosi……

“This is why this legislation is important: affordability for our middle-class that lower costs for every patient, reins in premiums, co-pays, and deductibles, limits out of pocket costs, and lifts the cap on what insurance companies cover each year.

Translation::

Every item in the quote above suggests the cost to the patient for healthcare will be reduced or limited from whatever it is now. If the patient is not going to pay the increasing costs for their own healthcare, who will? You might want the answer to that question. And even if you believe the insurance companies are the villains as the liberals suggest, you cannot be so naive as to think there are no legitimate costs to providing healthcare insurance. And those costs are rising.

If you do nothing to lower the actual cost of providing healthcare how do you lower the cost to the patient? You get someone else to pay it for them. And that may include the patient themselves in terms of new taxes on their income, etc. In addition, if you expect the insurance company to absorb the increasing costs of healthcare with no mechanism for actually lowering the costs, they will go out of business.

Another claim by Pelosi…..

“That said, the bill is fiscally sound. It will not add one dime to the deficit as it expands coverage, implements key insurance reforms, and promotes prevention and wellness across the health system. The bill will expand coverage, including a public option to boost choice and competition in the health insurance reform.

Translation:

The key here is Pelosi claims it will ‘expand coverage’ and yet magically ‘not add one dime to the deficit’. So the Speaker claims costs will be reduced for patients and coverage will be expanded yet there will be no increase in the deficit. You have to ask yourself how that is possible? She says reform will ‘rein in premiums, co-pays and deductibles’. Out of pocket expenses will be lowered and insurance coverage will be expanded. How does she do that without someone else to pay for it? The math does not work. And don’t think for a minute that the wealthy in this country can cover the entire tab for what the liberals propose.

And yet another claim by Pelosi…..

“Good morning. It is with great pride and with great humility that we come before you to follow in the footsteps of those who gave our country Social Security and then Medicare, and now universal, quality, affordable health care for all Americans.

This may be the only true statement in the Speaker’s press release. Remember how Congress dealt with Social Security and Medicare in terms of the budget. Sometimes it was on the budget. And sometimes it was off budget. The reason was its drag on government accounting. As the baby boom grew the population and the ratio of those paying for benefits versus those receiving benefits headed toward insolvency. Deficits were hidden by taking the costs off budget.

What? You thought Nancy could make the costs go away by waving her magic wand?

Stanford Matthews
MoreWhat.com

source: http://speaker.house.gov/newsroom/pressreleases?id=1424

This entry was posted on Friday, October 30th, 2009 at 4:45 am and is filed under Public Affairs, Money Matters, Health, wordpress, Politics, Democrats, liberal, Kennedy, obama, Medicare, Pelosi, Hoyer, Congress, Legislation. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.