Thursday, March 25, 2010

This is Only the Beginning

Investor Business Daily has a marvelously excoriating piece of commentary and research on the soon-to-be impact of the FacistCare passed into law on 3/21.

A few of the nuggets of gold here, but the whole article is well worth reading and sharing.

"6. You must buy a policy that covers ambulatory patient services, emergency services, hospitalization, maternity and newborn care, mental health and substance use disorder services, including behavioral health treatment; prescription drugs; rehabilitative and habilitative services and devices; laboratory services; preventive and wellness services; chronic disease management; and pediatric services, including oral and vision care.
You're a single guy without children? Tough, your policy must cover pediatric services. You're a woman who can't have children? Tough, your policy must cover maternity services. You're a teetotaler? Tough, your policy must cover substance abuse treatment. (Add your own violation of personal freedom here.) (Section 1302).
13. If you are a physician owner and you want to expand your hospital? Well, you can't (Section 6001 (i) (1) (B). Unless, it is located in a country where, over the last five years, population growth has been 150% of what it has been in the state (Section 6601 (i) (3) ( E)). And then you cannot increase your capacity by more than 200% (Section 6001 (i) (3) (C)).
15. The government will extract a fee of $2.3 billion annually from the pharmaceutical industry. If you are a pharmaceutical company what you will pay depends on the ratio of the number of brand-name drugs you sell to the total number of brand-name drugs sold in the U.S. So, if you sell 10% of the brand-name drugs in the U.S., what you pay will be 10% multiplied by $2.3 billion, or $230,000,000. (Under reconciliation, it starts at $2.55 billion, jumps to $3 billion in 2012, then to $3.5 billion in 2017 and $4.2 billion in 2018, before settling at $2.8 billion in 2019 (Section 1404)). Think you, as a pharmaceutical executive, know how to better use that money, say for research and development? Tough. (Section 9008 (b))"

The best part?
When taxes are raised on the industries we pay for health care, who is that passed on to?
Consumers, the little guy, us, ect.
So the price goes up for the insurance companies making the payments on such taxes across the board, as does the price the government has to pay out for its medical welfare system.

Where does that money for the government come from?
Taxpayers, the little guy, us, ect.
So the price goes up for Americans on both ends, and the government has yet another civilization decaying arm to tattoo with the destroyed wealth of Americans.

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