1. Millions Will Lose Their Current Insurance: President Obama wants Americans to believe they can keep their insurance if they like. Proposed economic incentives, plus a government-run health plan would cause 88.1 million people to see their current employer-sponsored health plan disappear.
2. Your Health Care Coverage Will Probably Change Anyway: Even if you keep your private insurance, eventually most remaining plans will have to conform to new federal benefit standards. Moreover, the necessary plan “upgrades” will undoubtedly cost you more in premiums.
3. The Umpire Is Also the First Baseman: The main argument for a “public option” is that it would increase competition. However, if the federal government creates a healthcare plan that it controls and also sets the rules for the private plans, there is little doubt that Washington would put its private sector “competitors” out of business sooner or later.
4. The Fed Picks Your Treatment: President Obama said: “They’re going to have to give up paying for things that don’t make them healthier. … If there’s a blue pill and a red pill, and the blue pill is half the price of the red pill and works just as well, why not pay half for the thing that’s going to make you well.” Does that sound like a government that will stay out of your healthcare decisions?
5. Individual Mandate Means Less Liberty and More Taxes: President Obama is open to the imposition of an individual mandate that would require all Americans to have federally approved health insurance. This unprecedented federal directive not only takes away your individual freedom but could cost you as well. Lawmakers are considering a penalty or tax for those who don’t buy government-approved health plans.
6. Higher Taxes Than Europe Hurt Small Businesses: A proposed surtax on the wealthy will actually hit hundreds of thousands of small business owners who are dealing with a recession. If it is enacted, America’s top earners and job creators will carry a larger overall tax burden than in France, Italy, Germany, Japan, etc., with a total average tax rate greater than 52%. Is that the right recipe for jobs and wage growth?
7. Who Makes Medical Decisions? While the House and Senate language is vague, amendments offered in House and Senate committees to block government rationing of care were routinely defeated. Cost or a federal health board could be the deciding factor. President Obama himself admitted this when he said, “Maybe you’re better off not having the surgery, but taking the painkiller,” when asked about an elderly woman who needed a pacemaker.
8. Taxpayer-Funded Abortions? Nineteen Democrats recently asked the President to not sign any bill that doesn’t explicitly exclude “abortion from the scope of any government-defined or subsidized health insurance plan” or any bill that allows a federal health board to “recommend abortion services be included under covered benefits or as part of a benefits package.” Currently, these provisions do not exist.
9. It’s Not Paid For: The CBO says the current House plan would increase the deficit by $239 billion over 10 years. And that amount will likely continue to rise over the long term.
10. Rushing It, Not Reading It: We’ve been down this road before — with the failed stimulus package. Back then, we also heard that we were in a crisis and that we needed to pass a 1,000-plus-page bill in a few hours — without reading it — or we would have 8% unemployment. Deception is the only reason to rush through a bill nobody truly understands.