Looks like we have smoke and mirrors with the health care controversy:
RUSH: Investor's Business Daily, a great editorial today on the Obama health care plan passed by the House of Representatives. How many of you have heard President Obama say, "Hey, if you like your plan, if you like your doctor, you'll get to keep 'em"? "It didn't take long to run into an "uh-oh" moment when reading the House's 'health care for all Americans' bill. Right there on Page 16 is a provision making individual private medical insurance illegal. When we first saw the paragraph Tuesday, just after the 1,018-page document was released, we thought we surely must be misreading it. So we sought help from the House Ways and Means Committee. It turns out we were right: The provision would indeed outlaw individual private coverage. Under the Orwellian header of 'Protecting The Choice To Keep Current Coverage,' the 'Limitation On New Enrollment' section of the bill clearly states: 'Except as provided in this paragraph, the individual health insurance issuer offering such coverage does not enroll any individual in such coverage if the first effective date of coverage is on or after the first day' of the year the legislation becomes law."
So after this bill becomes law, nobody in the insurance business can offer anybody and you can't buy private medical insurance. "So we can all keep our coverage, just as promised -- with, of course, exceptions: Those who currently have private individual coverage won't be able to change it. Nor will those who leave a company to work for themselves be free to buy individual plans from private carriers." You will have to go to the public option. "From the beginning, opponents of the public option plan have warned that if the government gets into the business of offering subsidized health insurance coverage, the private insurance market will wither." And you don't need to be an expert to understand this. The government can print money, it doesn't have to make a profit. Private sector people do or they go out of business. So you can't compete with somebody who's not worried about profit.
"Drawn by a public option that will be 30% to 40% cheaper than their current premiums because taxpayers will be funding it, employers will gladly scrap their private plans and go with Washington's coverage." We also know this. We know that many companies are looking very forward to off-loading their health care expenses to the government. "The nonpartisan Lewin Group estimated in April that 120 million or more Americans could lose their group coverage at work and end up in such a program. That would leave private carriers with 50 million or fewer customers. This could cause the market to, as Lewin Vice President John Sheils put it, 'fizzle out altogether.' What wasn't known until now is that the bill itself will kill the market for private individual coverage by not letting any new policies be written after the public option becomes law. The legislation is also likely to finish off health savings accounts." Do you know HSAs are dead? And the reason health savings accounts are dead is because you have control.
This is something that Obama and his cronies want to get rid of, and it's in the legislation. Democrats have wanted to get rid of health savings accounts for years. They want to get rid of that because nothing gives individuals more control over their Medicare and the government less than health savings accounts. It took Investor's Business Daily just 16 pages of reading the health care bill, over a thousand pages, to find this naked attempt by the political powers to increase their reach. So that's page 16, and they wonder what other horrors await us as we read the additional 1,002 pages here. So the day this private option becomes law nobody can buy and nobody can sell individual, private coverage. (interruption) Well, that's a good point. Obama has said, no, we need to offer this competition. We need to compete. The government competing, and they're already over a thousand insurance companies in competition out there. The governor, well, we need to really put pressure on them.
So the way they're going to put pressure on them is put them out of business. It's a horror story. It really is. This is why they're trying to push this through, folks, this is why they're trying to get all this done 'cause they know their buds in the State-Run Media are not gonna report this to you.
Read the Background Material...
• New York Post: Dems Health RX a Poison Pill In NY. Terrifying 57% Tax Looms for Biggest Earners
• DowJones: Centrist Dem Leader: Has Committee Votes To Block Health Bill
• Heritage Foundation: The True Cost of the House Health Plan in Pictures
•
Public option 30% to 40% cheaper? Gee, sounds like a good deal to me. Sign me up! If the private insurers can't compete, good riddance.
Posted by: caheidelberger | July 21, 2009 at 11:19 AM