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.



Comments


More Health

World's first malaria vaccine wins approval from European drug regulators Watch

Image of Mosquirix must first win agreement from African governments as the vaccine only offers only partial protection.

By Catholic Online (NEWS CONSORTIUM)

The world's first malaria vaccine is a go with European drug regulators after it was recommended safe and effective for babies at risk of the 'mosquito-born disease' in Africa. LOS ANGELES, CA (Catholic Online) - Called Mosquirix, the vaccine was developed by ... continue reading


560-pound man sets out to bike across the U.S. to lose weight and save his marriage Watch

Image of [Photo by: ABC News]

By Talia Ramos (NEWS CONSORTIUM)

To try to live a healthy life, get a job and save his failing marriage, a 560-pound man decided to embark on a biking journey across the United States. He has already traveled about 90 miles since he started last month and has lost around 60 pounds during the first two ... continue reading


Catholic organization's approach to female reproductive health a 'game changer' Watch

Image of Together with his colleagues, Dr. Thomas Hilgers developed NaPro (Natural Procreative) Technology. In Omaha in 1985, they founded the Pope Paul VI Institute for the Study of Human Reproduction, and in 1999 formally created the Creighton Model FertilityCare System.

By Gabrielle Cubera, CNA EWTN News

With the hope of providing authentic and ethical health care for women, Dr. Thomas Hilgers, creator of Natural Procreative Technology, has worked for decades to establish a medical network that studies, understands, and treats the female fertility cycle. Omaha, ... continue reading


Have scientists found the key to shut off aging? New study with worms finds success Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Scientists have uncovered how to switch off the aging process, during a recent study with worms, which could possibly lead to the process being successful in humans. MUNTINLUPA, PHILIPPINES (Catholic Online) - The new study showed that adult cells of worms shortly ... continue reading


New eye drops may soon replace cataract surgery Watch

Image of Vision could cease altogether if cataracts remain untreated. Cataracts cause more blindness worldwide than any other eye condition.

By Catholic Online (NEWS CONSORTIUM)

Inexpensive and easy to administer, a new eye drop may soon make cataract removal surgery obsolete. A frequent bane of existence that afflicts the elderly, the new drops dissolves the clumps of protein that clouds vision. LOS ANGELES, CA (Catholic Online) - Cataract ... continue reading


Superhero DNA desired by pharmaceutical researchers for new drugs Watch

Image of

By Atarah Haely (NEWS CONSORTIUM)

They don't have the ability to fly or come with laser eyes, but there are people who exist today with the "superhero" genes. Similar to the figures portrayed in media, these people have ordinary lives with extraordinary physical abilities because of uncommon biological ... continue reading


Controversial Dr. Death and his 'Destiny machine' set out to help assist the suicide of an entire volunteer audience Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

Controversial medic known as Dr. Death will try to gas a volunteer audience at the Edinburg Fringe show, which he hosts, with his updated "right-to-die machine" to showcase "a peaceful and reliable means of death." According to reports, he will invite people from the ... continue reading


Human contact with armadillos blamed for surge in leprosy cases in Florida Watch

Image of Floridians are being advised to use caution and not touch the small, cat-sized creatures.

By Catholic Online (NEWS CONSORTIUM)

Increased human contact with armadillos is being blamed for an increase in leprosy cases in Florida. The state usually sees two to 12 cases of leprosy a year. There have been nine cases in 2015 alone, which is higher than average, according to the Florida ... continue reading


4 common reasons for weight-loss failure Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

Most of us have tried a lot of different diets in pursuit of a healthier body but for some reason most attempts don't work the way we wanted or expected them to. According to Dr. Sally Norton, a weight loss expert, we have to reconsider our entire lifestyle in order ... continue reading


Man lives with hand attached to ankle while waiting for reattachment surgery Watch

Image of A Chinese man had to have his hand attached to his ankle after severing it off his arm.

By Hannah Marfil (NEWS CONSORTIUM)

A factory worker's chopped off hand was grafted onto his ankle for around a month, in order to keep the hand alive until the proper surgery could be conducted. This is not the first time Chinese surgeons attached and saved a hand with this method. MUNTINLUPA, ... 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, Exodus 33:7-11; 34:5-9, 28
7 Moses used to take the Tent and pitch it outside ... Read More

Psalm, Psalms 103:6-7, 8-9, 10-11, 12-13
6 Yahweh acts with uprightness, with justice to all ... Read More

Gospel, Matthew 13:35-43
35 This was to fulfil what was spoken by the prophet: ... Read More

Saint of the Day

Saint of the Day for July 28th, 2015 Image

St. Innocent I
July 28: Innocent was born at Albano, Italy. He became Pope, succeeding ... 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