So, what’s the point?
In fact, according to his study, premiums will increase at
just about the same rate with our without the $2.5 trillion.
Here is an interesting chart that shows how little this
legislation will improve the costs for most Americans. And in fact, if you are
an individual looking for insurance, the costs will be even worse.
|
Firm size |
Family |
||
|
Now[v] |
2016[vi] (Reid bill) |
2016[vii] (Current law) |
|
|
Small business |
$13,300 |
$19,200 (5.38 percent average annual increase) |
$19,300 (5.46 percent average annual increase) |
|
Large business |
$13,900 |
$20,100 (5.41 percent average annual increase) |
$20,300 (5.56 percent average annual increase) |
|
Individual market |
$9,000 |
$15,200 (7.77 percent average annual increase) |
$13,100 (5.51 percent average annual increase) |
The American people understand this dynamic. They understand
that the risk that their healthcare quality could diminish is far greater than any
potential benefit that might come their way.
That is why they are turning against the bill.
The purpose of this legislation was said to make insurance
more affordable, bend the cost curve down and help the uninsured, all without
adding to the deficit.
But the legislation will not make insurance more affordable,
especially for the uninsured, it won’t bend the cost curve down and it will add to
the deficit.
Another purpose, cynics might say, is to help the Democrats
politically. But I don’t think the bill — as constructed in either the House or
the Senate — will achieve that goal either.
So what’s the point of this exercise, anyway?
Visit www.thefeeherytheory.com.
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