Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

3/22/2013 (2 years ago)

Catholic Online (www.catholic.org)

Obamacare worsens an already one-sided economic relationship.

If you want to make something expensive, the best thing you can do is regulate it. This is going to be the case with Obamacare, as insurance companies and medical providers prepare to cash in on the best thing to happen to their pocketbooks since ever.

Obamacare is great for insurance executives.

Obamacare is great for insurance executives.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

3/22/2013 (2 years ago)

Published in Health

Keywords: Obmacare, disaster, costs, reasons, power, money, taxes, Affordable


LOS ANGELES, CA (Catholic Online) - The United States already pays more than any other nation in the world for its healthcare, and will soon start paying even more. Unfortunately, the quality of the care and its coverage will continue to remain poor among the industrialized world, despite President Obama's best intentions.

Meanwhile, patients, doctors, and nurses will continue to be overworked and poorly paid. At the same time, insurance companies, hospital executives, and medical service providers will become yet richer still as the largesse starts rolling in.

The biggest losers, of course, will be the American people, who will pay a cost so tremendous that prices alone will cause Obamacare to fail its core mission, which was to insure more Americans. It will also go further than that, doing more harm than ever imagined.

At the heart of the problem is power. In a free market, individuals typically have the power of choice. This creates competition which forces competitors to improve quality, lower prices, or some blend of both to attract customers. Unfortunately, illness and emergency are rarely choices. Where one seeks medical care tends to be related to geography and the severity of the need, so the individual has no power to actually shop, and companies have little incentive to compete in any way that's meaningful to consumers.

The situational lack of buyer power means that care providers can charge essentially whatever they like to patients. Indeed, recent studies have shown that there are no standardized costs in the industry, with items costing much more in some places than others, with little rhyme or reason other than profit.

Even within the same institution, two customers may be charged entirely different prices for the same care.

This lack of standardization and subjective billing causes prices to be high, and now with a federal mandate that all citizens must have insurance, and all large employers must pay, there's guaranteed money coming into the system, drained from the pockets of businesses and citizens.

Just what the healthcare industry needs - more money.

Here's some of what it will do to you.

--Higher premiums. Since demand is going up, insurers can now charge more. In addition to the 3.5 percent surcharge on premiums sold through federal exchanges and a $63 fee charged for individuals covered by employers, there's a hulking $100 billion tax on insurance companies over the next decade. You'd be silly to think the insurance companies are simply going to eat the loss. Instead, this tax will be passed to you, the consumer.

Rate shocks are expected to hit young people hard, leaving them on the classic, "Don't Get Sick" insurance plan. Young adults who are already saddled with student loan debt, will now face buying inflated insurance on the open market or pay a penalty tax. No matter what happens, these young people, who are least equipped to pay, will bear a heavy burden. One shudders to think of the long-term impact this will have on their attitudes and political beliefs when they have to spend their last dollar on taxes and premiums.

The American Action Forum recently completed a survey of insurers, who say they expect premiums to climb by 169 percent. It was out of control before Obamacare, now try to imagine what comes after Jan 1, 2014.

--Less employment. Since Obama's mandate isn't universal, and employers who provide fewer jobs and less hours can avoid the costs of paying for employee insurance, many small employers plan to cut back, or simply go without hiring new employees. Part-time and temporary work is already on the rise as more workers become unemployed. Why should an employer be punished for being successful? The purpose of a business is to make money for owners and shareholders, not pay for employee health care and taxes to the government.

This means young people in particular are going to have a harder time paying because they're going to have a harder time finding work. Even those who have been employed for a long time may soon find themselves facing some kind of cuts.

--Raise middle class taxes. The poor either will continue doing without, or will have to have their costs entirely subsidized by the middle class. Some $800 billion in tax increases are anticipated under Obamacare and most of that will be passed along to middle class consumers. There's $45 billion in anticipated penalties for people who don't buy insurance as commanded. Medical expense deductions will be limited, so that's another $20 billion, and so on. Ultimately, middle class taxes are going to rise by the better part of a trillion dollars.

--Obamacare applications will be ridiculous. The first draft of the Health and Human Services application from was 21 pages long.

Please remember to check both sides of the forms.

This crisis is far more profound and severe than many thought it would be. Instead of making health care affordable, Obamacare failed by making it much more expensive. Of course, it isn't Obama who's ringing up the bill, but insurance companies who can now hold buyers captive thanks to his pet legislation.

Sixty percent of all bankruptcies in the United States are a result of burdensome medical expenses. That percentage will rise, especially amongst the young who suffer injury or sickness.

Meanwhile, the CEOs of major healthcare institutions and insurance companies can move into larger mansions.

Best of all, your congressional leaders get to keep their sweet government healthcare, which is a separate system run outside of all the others and is exclusive to themselves alone.

The product will be disaster, followed by rage. What come of that anger will hopefully be a sweeping overhaul of not just the insurance and healthcare industries, but hopefully also of government. However, if nothing happens, if the people simply accept their fate and remain as hamsters on the wheel, then-well, they get what they deserve.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for July 2015
Universal:
That political responsibility may be lived at all levels as a high form of charity.
Evangelization: That, amid social inequalities, Latin American Christians may bear witness to love for the poor and contribute to a more fraternal society.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Health

Are mammograms causing breast cancer? Routine screenings may increase the likelihood of a false positive Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

New data suggests routine breast screening are leading to a significant number of "false positives." A growing number of women are told they may have breast cancer, but in actuality, they do not. MUNTINLUPA, PHILIPPINES (Catholic Online) - Women, aged 50 to 70, undergo ... continue reading


A TIP BEFORE YOU TAKE A DIP: Parasite 'Crypto' lurking in many swimming pools Watch

Image of Kiddie pools are a major source of outbreaks. Personal cleanliness among adults is also an important tool in battling Crypto.

By Catholic Online (NEWS CONSORTIUM)

The water is clear, blue, and refreshing in the summer sun. We are ready to jump into the pool for some instant refreshment, when - WAIT A MINUTE! There is a strain of bacteria that can make you deeply sick with diarrhea. Called "Crypto," the strain has been ... continue reading


AIDS vaccine in monkeys shows success - but doesn't necessarily translate to human use Watch

Image of The monkeys were first vaccinated and then given repeated large doses of SIV. The immune response to the vaccine was strong.

By Catholic Online (NEWS CONSORTIUM)

"I think it is quite promising," Mitchell Warren of the HIV vaccine and treatment advocacy group AVAC, says. A new vaccine tested on monkeys first given a massive dosage of the simian equivalent of HIV - SIV, proved successful, with half of the monkeys ... continue reading


Are you at risk for skin cancer? Too much citrus may lead to melanoma Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Consuming large amounts of orange juice or grapefruit may increase the risk of the most dangerous type of skin cancer, melanoma, according to recent studies. MUNTINLUPA, PHILIPPINES (Catholic Online) - Dr. Walter Willett of the Harvard School of Public Health, who ... continue reading


PUBLIC HEALTH VICTORY: Cuba becomes first nation to eliminate mother-to-child HIV, syphilis Watch

Image of Antiretroviral treatment to prevent mother-to-child-transmission of HIV, authorities remind the public, is not 100 per cent effective. A small number of cases are allowed to persist, despite the certification.

By Catholic Online (NEWS CONSORTIUM)

Heralded as one of the "greatest public health achievements possible," World Health Organization director-general Margaret Chan has declared that the Caribbean nation of Cuba has become the first nation to eliminate the transmission of HIV and syphilis from ... continue reading


Health experts warn on animal diseases used as biological weapons Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

The World Health Organization (WHO), animal health and national defense officers announced on June 30 the need for a wider international cooperation to sidestep the spread of animal diseases that could potentially be utilized as deadly biological weapons.  ... continue reading


Lazy lifestyles pose dangerous and deadly threat to today's generation Watch

Image of Laziness can lead to problems with being overweight.

By Nikky Andres (NEWS CONSORTIUM)

You might not be entirely aware, but according to the World Health Organization, physical inactivity is now the fourth most notorious global killer. In fact, the impact of physical inactivity has been claimed as the reason for more fatalities than the collective effect ... continue reading


5 wonderful facts about sunscreen that you didn't know Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

The need to use sunscreen is something emphasized everyday, not only by dermatologists but also by the beauty industry, media, etc. It's basically everywhere. It is not an alien fact to us that using sunscreen religiously will help us combat premature aging, the risk ... continue reading


Is getting plastic surgery a sin against God? Watch

Image of Plastic surgery is considered a simple medical procedure nowadays but remains as an intriguing aspect for the Catholic Church.

By Linky C. (NEWS CONSORTIUM)

Plastic surgery may seem to be a common medical procedure for several individuals around the globe, but the Catholic Church still has different points of views when it comes to changing the naturally bestowed beauty from God. Some medical practitioners, on the other ... continue reading


'Swimming pool eyes' are not because of chlorine... but because of urine Watch

Image of Swimmers that use the pool for their toilet causes the urine to react with chlorine. This in turn creates a chemical compound that hurts the eyes.

By Catholic Online (NEWS CONSORTIUM)

In a sage bit of advice that has a double meaning - you may not want to "go" to a public swimming pool after you learn this disgusting fact. If you emerge from the pool with red, stinging, sensitive eyes, it is not because of the chlorine... it is because of ... continue reading


All Health News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Genesis 32:23-33
23 That same night he got up and, taking his two ... Read More

Psalm, Psalms 17:1, 2-3, 6-7, 8, 15
1 [Prayer Of David] Listen, Yahweh, to an upright ... Read More

Gospel, Matthew 9:32-38
32 They had only just left when suddenly a man was ... Read More

Saint of the Day

Saint of the Day for July 7th, 2015 Image

Bl. Ralph Milner
July 7: English martyr. He was born at Stocksteads, Hampshire, and was a ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter