If you are like me, most people, and certainly members of congress, you haven't had a chance to read the almost 2,000 page health care bill Congress passed Saturday night. We have seen a number of surprises in rushed through legislation over the past year and I am sure this one will include a number of surprises no one knows about right now. However, the Heritage Foundation has done a detailed analysis of the bill and found a few "fun facts" you may want to know about before your Senator votes on this bill. The information below is from the Heritage Foundations webmemo #2684
"A Closer Look at the House Democrats' Health Care Bill". Considering only one Republican voted for it, I think this is still a good title.
If you only remember one of the details I am going to discuss, remember this one: You will probably not be able to keep your current insurance. The President has said a number of times that you can keep your insurance. This is simply not true. The President either hasn't paid attention to the bill, or is speaking of a different bill that has yet to be introduced. First, the bill provides incentives for companies to not provide health care. From the Heritage Foundation research:
The bill also imposes a new 8 percent payroll tax on employers who do not cover specified percentages of their employee's health insurance...since the amount of this tax would be lower than the cost of providing health insurance (especially for low-income workers), many employers would opt to pay the tax and not offer health plans, disrupting their employees' existing coverage.
Secondly, the bill creates a new "Health Choices Commissioner". This Commissioner can decide what services insurance provides are forced to cover, and what services they are prohibited from covering. As such, the Health Choices Commissioner will be able to dictate the services your insurance provides. This may or may not be something you want, but I am sure there will be changes to your coverage from the Commissioner.
The "public option" is back in the bill. The bill structures what employees would be eligible to participate and when. The rates of the "public option" are to be "negotiated" with medical providers. However the CBO estimates that if the "public option" rates were truly negotiated, the "public option" would cost more than most private insurances. As such, I leave to you to guess what the term "negotiated" means in this bill.
The final fun fact tonight is the price tag. President Obama has set a goal of $900 Billion for any health care bill. The CBO has estimated this bill at between $1.05 and $1.3 Trillion, slightly higher than the President' s commitment. However, this doesn't reflect the actual price of the bill. Because the bill won't take effect until 2014, the Heritage Foundation points out:
...although the [CBO] score is technically a 10-year score, it is not a 10-year cost under full implementation. A full 10-year cost puts a total close to $2.4 trillion.
Over the coming weeks and months these three facts will be disputed and glossed over. Remember, there is a good chance your local Senator has never read the bill, nor has any plans too. I would encourage you to read the Heritage Foundations report. I only covered three of the biggest problems with the Health Care bill. You may find more you don't like.