Remember when President Obama promised all of us that if we like our current health care plans, we could keep them?
Let’s refresh our memories…
Well, like most, if not all, of Obama’s promises. The real answer seems to be, “not so much.” We’ve already covered that doctors are changing their practices, causing patients to find another. We’ve also covered that companies, both large and small, are considering dropping health care coverage all together.
Now, we see that a majority of current health care plans will not pass muster under ObamaCare. For background, here is an excerpt from Investors.com
Internal White House documents reveal that 51% of employers may have to relinquish their current health care coverage by 2013 due to ObamaCare. That numbers soars to 66% for small-business employers.
The documents — product of a joint project of the Labor Department, the Health and Human Services Department and the IRS — examine the effects new regulations would have on existing, or “grandfathered,” employer-based health care plans.
So, once again, the administration has been caught in a lie. This is what I think will happen.
1. To meet the requirements set forth in the legislation, costs will skyrocket. This has already been well documented.
2. Many businesses will chose to pay the “fine” for not providing coverage, as it will be far less expensive than actually providing coverage.
3. The public system will be swamped by people that have had their coverage dropped by their employers. So much for keeping your plan.
4. This vast influx into the system will create a crisis, which will, of course, be used as a rationale for creating a “public option.”
5. The public option, subsidized by the government, will out-compete what is left of the private insurance industry, as they public system doesn’t have to care about the bottom line. If they run out of money, they’ll just borrow more from China.
6. As time wears on, the plan will take it’s toll on private industry. It will eventually become completely impossible for private business to provide coverage. It’ll simply be too expensive.
7. The “crisis” that the government caused, will not be solved by the public option. It’s not meant to anyway. The public option is meant to be a transitional step to single payer. As the crisis deepens, the government will say that the only way to control costs is to control the providers.
8. Viola! We have single payer! The government will control the system-top to bottom.
We all know where that ends. Lots of dead people, horrendous waste, and terrible care. But who cares, the government will be in charge of it!