Well it seems the democrats are up to their old shenanigans yet again. After Nancy Pelosi famously opined that we needed to pass the monstrous health “care” legislation in order to find out what was in it, it turns out that the Democrats already knew what the effects would be. From Gateway Pundit:
More hope and change–
A damning health care report generated by actuaries at the Health and Human Services (HHS) Department was given to HHS Secretary Kathleen Sebelius more than a week before the health care vote. She hid the report from the public until a month after democrats rammed their nationalized health care bill through Congress.
The results from the report were troubling. The report released by Medicare and Medicaid actuaries shows that medical costs will skyrocket rising $389 billion 10 years. 14 million will lose their employer-based coverage. Millions of Americans will be left without insurance. And, millions more may be dumped into the already overwhelmed Medicaid system. 4 million American families will be hit with tax penalties under this new law.
Of course, these were ALL things that President Obama and Democratic leaders assured us would not happen.
Not to mention they were things that the regular folks also knew would happen. But nothing must stand in the way of Hope N’ Change!
So it seems the administration itself was aware of the issue and push this legislation anyway, just so Obama could have his win.
Not only will costs go up, but it seems that many employers may find it much easier to simply dump their insurance coverage (particularly for retirees) and pay the fines, funneling millions into an already overstretched Medicare system: (My apologies in advance for linking to the New York Slimes!):
Under another provision, employers may be subject to financial penalties if they do not offer health insurance to employees. Documents provided to Congress by AT&T indicate that its medical costs in 2009 were $4.7 billion, divided about equally between active employees and retirees — far more than it would pay in penalties if it did not provide coverage.
Verizon said it was taking a $970 million charge against earnings because of the change in tax treatment of a subsidy it receives for retiree drug coverage. In addition, Verizon said it could be affected by a new tax on high-cost health plans that takes effect in 2018.
“Many of the plans that Verizon offers to employees and retirees are projected to have costs above the thresholds in the legislation and will be subject to the 40 percent excise tax,” the company told employees.
In a general analysis of the new law, Verizon said, “To avoid additional costs and regulations, employers may consider exiting the employer health market and send employees” to state-run insurance exchanges, where people can buy insurance.
A Caterpillar executive made a similar point in an e-mail message to colleagues, saying the tax changes could “drive many employers to just drop coverage for retirees altogether, and let the government foot the whole bill.”
Uh huh. Just like everyone (with a scintilla of intelligence) said it would.
Well this seems like a bad thing doesn’t it? And it is until you realize that this will provide the Socialist Democrat party just the excuse it needs to ratchet up even more changes in the health care system, ultimately resulting in a “public option” that will soon become the only option, especially for those too poor to buy their way to better health. And that ladies and gentleman is the ultimate game plan.