Problems with Ppaca
Problems with PPACA:
Higher Costs
PPACA has touted new benefits without measures to cut cost.1 One should know that in America there are already federal laws and programs to cover the elderly (Medicare), the poor (Medicaid), and uninsured children (CHIPs), In addition there is basically free or low cost care to anyone who needs it and it is available if one looks for it. Examples include: Shriner’s hospitals, free clinics, and providers who do pro bono work. In case that wasn’t enough, there are also laws in place that ban practices of charging more to people with pre-existing conditions in employer-based health insurance. The 60% of Americans who get their healthcare insurance from their employer may actually be hurt by PPACA. All one needs to do is make the connection that minimum standards for health insurance and broader access to subsidized healthcare will drive taxes up.4 But for those who have a hard time making the connection, the literature supports costs 3 times higher than initially stated by President Obama, and an additional $118 billion through 2023.3 In order to drive home the point of higher costs, look at an example used by Supreme Court Justice Samuel Alito. Justice Alito spoke on the hypothetical typical healthy 27 year old worker who on average consumes less than $900 annually on healthcare services. Under the PPACA that same healthy 27 year old worker will be required to spend more than 5 times that amount for a healthcare policy that gives a low deductable and pediatric services. Two services that a healthy 27 year old normally wouldn’t choose.4 Regulations prevent small businesses to grandfather their health insurance plans, further driving up healthcare spending as small businesses search for new plans.1 When those same small businesses purchase new health insurance plans they are going to find a soggy sandwich in their lap. Effective 9/22/10, non-grandfathered insured health plans will be fully or partially
Higher Costs
PPACA has touted new benefits without measures to cut cost.1 One should know that in America there are already federal laws and programs to cover the elderly (Medicare), the poor (Medicaid), and uninsured children (CHIPs), In addition there is basically free or low cost care to anyone who needs it and it is available if one looks for it. Examples include: Shriner’s hospitals, free clinics, and providers who do pro bono work. In case that wasn’t enough, there are also laws in place that ban practices of charging more to people with pre-existing conditions in employer-based health insurance. The 60% of Americans who get their healthcare insurance from their employer may actually be hurt by PPACA. All one needs to do is make the connection that minimum standards for health insurance and broader access to subsidized healthcare will drive taxes up.4 But for those who have a hard time making the connection, the literature supports costs 3 times higher than initially stated by President Obama, and an additional $118 billion through 2023.3 In order to drive home the point of higher costs, look at an example used by Supreme Court Justice Samuel Alito. Justice Alito spoke on the hypothetical typical healthy 27 year old worker who on average consumes less than $900 annually on healthcare services. Under the PPACA that same healthy 27 year old worker will be required to spend more than 5 times that amount for a healthcare policy that gives a low deductable and pediatric services. Two services that a healthy 27 year old normally wouldn’t choose.4 Regulations prevent small businesses to grandfather their health insurance plans, further driving up healthcare spending as small businesses search for new plans.1 When those same small businesses purchase new health insurance plans they are going to find a soggy sandwich in their lap. Effective 9/22/10, non-grandfathered insured health plans will be fully or partially
References: 1. PPACA: Endless Problems for Small Business. National Federation of Independent Business. Retrieved from http://www.nfib.com/LinkClick.aspx?fileticket=pk4o5zaOWZo%3D&tabid=1083 2. Harris, S., Keller, E., Lipsig, E. (March 2010). Healthcare “Reform” Provides no relief for Employers. Paul Hastings. Retrieved from http://www.paulhastings.com/assets/publications/1560.pdf 3. Trino, K. (1 March 2012). Obamacare’s Gift to the States: Huge Unfunded Medicaid Mandate. Retrieved from http://www.nationalreview.com/corner/261054/obamacare-s-gift-states-huge-unfunded-medicaid-mandate-katrina-trinko# 4. Fisher, D. (28 March 2012). The Big Problem with Obamacare: It Doesn’t Help Many. Forbes. Retrieved from http://www.forbes.com/sites/danielfisher/2012/03/28/the-big-problem-with-obamacare-it-doesnt-help-many/ 5. Roff, P. (16 March 2012). Cheap PR Stunts Can’t Hide Obamacare’s Huge Problems.US News. Retrieved from http://www.usnews.com/opinion/blogs/peter-roff/2012/03/16/cheap-pr-stunts-cant-hide-obamacares-huge-problems 6. Hettrich, C. (December 2010). The Costs of Defensive Medicine. AAOS Magazine. Retrieved from http://www.aaos.org/news/aaosnow/dec10/advocacy2.asp 7. Federal Funding Under the Affordable Care Act. (2012, April). The Henry J. Kaiser Family Foundation. Retrieved from http://www.kff.org/healthreform/upload/8301.pdf