Remember when the President promised that “reform” would not force workers off health plans with which they were satisfied? Well, we have yet more evidence that this was just another of Obama’s trademark lies:
Part of the health care overhaul due to kick in this September could strip more than 1 million people of their insurance coverage, violating a key goal of President Barack Obama’s reforms.
How? Obamacare prohibits insurance companies from applying annual caps on the money they pay out on health policies. But such caps allow them to offer cheap plans to people who can’t afford “cadillac plans.”
Employer groups say the ban could essentially wipe out a niche insurance market that many part-time workers and retail and restaurant employees have come to rely on.
In other words, Obamacare tells insurance companies they can’t sell a product to people who need and want that product. The government will, instead, mandate coverage the customers don’t want and can’t pay for.
Depending on how strictly the administration implements the provision, the ban could in effect outlaw the plans or make them so restrictive that insurance companies would raise rates to the point they become unaffordable.
So, what will happen to the million people who lose their insurance? They will wind up on Medicaid or in the new “insurance exchanges.” Either way, the taxpayers will be subsidizing their coverage.
Such is the genius of Obamacare. It will take a million people who have coverage for which they are paying themselves and herd them onto taxpayer-subsidized plans. At the same time it will kill jobs in the insurance industry.
A classic “lose-lose” outcome—-the very definition of government-run health care.
Post a Comment