Thursday, June 17, 2010

Keep your current health plan? Don’t count on it

An excellent editorial in the Las Vegas Review-Journal exposing the big lies that helped get ObamaCare passed through a Democratic Congress:
The main promise of ObamaCare was that it would cost less. But it's a ridiculous claim.

The notion that a huge new health administration bureaucracy can really be assembled without adding costs — or that any government-run health system can save anyone money without rationing, a common feature of European socialized medicine schemes — runs counter to common sense and experience.

The claim was further revealed as a fraud when the Congressional Budget Office last month released new estimates predicting the health care overhaul will likely cost about $115 billion more over the first 10 years than originally projected — bringing the estimated cost of the scheme to about $1 trillion.

And now to the president's second major promise: that people who like their current coverage will be able to keep it.

"If you like your health care plan, you'll be able to keep your health care plan, period," Mr. Obama declared in a speech to the American Medical Association a year ago. "No one will take it away, no matter what."

But now, an early draft of an administration regulation finds that many employers will be forced to make changes to their health plans under the new law. That means, "In just three years, a majority of workers — 51 percent — will be in plans subject to new federal requirements, according to midrange projections in the draft," The Associated Press reports.
Read the full editorial at the newspaper's Web site.

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