Friends of Liberty VOL 11
06/14/2009
Here is how President Obama and the Democrats are going to change healthcare:
Congress will pass a new entitlement program, a public option for health insurance, based on the Medicare model. In theory this would cover 50 million Americans (and illegal immigrants) who do not have insurance now.
How will they pay for this new program:
1. Remove tax credits employers get for providing healthcare to employees (increase corporate taxes)
2. Tax employee health benefits as imputed income (increase your taxes)
3. More deficit spending (selling debt to the Chinese, Russians and others)
4. Print dollars
The Administration says the idea behind the Public Plan is to promote competition, but private sector insurance companies cannot compete with a competitor that can deficit spend and print its own money. Companies, facing loss of tax deductions and increased corporate taxes, will cancel their healthcare plans, putting their employees on the Public Plan. Private insurance companies will fold. Many will support the Government in hopes of contracting for an administrative role in the Public Plan.
To be fair, the Public Plan will cost less. Just like Medicare today, they simply won't reimburse doctors the full amount of their services. When the Government is paying, they can say take it or leave it. What choice will doctors have? Who will want to go through ten years of college, medical school, internship and residency simply to be a slave of the state? The quality of medical service will naturally diminish.
Finally, as Government takes control of your healthcare, they can more effectively control your behavior. Through taxation and regulation they can impact the foods you can buy, the hobbies you pursue, the terms of a bank loan you can receive, anything involving safety, almost every aspect of your lives, even reproduction---including limitations on it. To keep costs low they will also be forced to examine your age and the statistical likelihood of recovery from an illness and ration care as costs demand.
Finally, once our very lives are dependent on Government, how loudly will anyone oppose Government?
JC
by Jim Clonts,
2009
The Future of Your Healthcare
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