Hopefully Obama Care will be found to unconstitutional on 2 merits. First, insurance is regulated through the McCarron Act of 1944 which gives oversight to the states not the federal government. The 10th Amendment of our Constitution states that Congress has no right to interfere with in state commerce, only interstate commerce. Second is the individual mandate. If this is upheld there will be no check on governmental powers. They might force you to buy a fuel efficient car from GM or you will be fined. Justice Scalia pointed out that broccoli is healthy. Buy it or you could be fined.
The original 10 year cost was $900 million. The CBO now estimates the cost is $1.75 trillion. If it is a typical government program the actual cost to taxpayers will be even higher.
If you’re 20-40 years old you are in the healthiest demographic. Unfortunately you’ll have to pay full freight to make this scheme work, although a more cost effective approach is a catastrophic health care plan.
I am all in favor of permitting preexisting conditions and allowing children to stay on their parent’s policy until age 26. The President says this will lower your insurance. As the oped last week showed that is a lie. Who in their right mind thinks this would lower costs?
Rep. Paul Ryan (Wis.) and in the Senate by Richard Burr (N.C.) and Tom Coburn (Okla.) have a proposal that would allow you put up to $5,000 per year in tax credits (100 percent deduction) into a health savings account that can be used towards medical expenses or insurance. Currently it is a use it or lose it proposition. Allow the unused funds to stay and let it grow tax deferred so when you have a large expense it can be tapped.
I agree with Dr. Bassam Haddad of HUMC that the high cost of malpractice insurance must be addressed though tort reform. Texas and California have done so and rates have dropped. Currently most doctors utilize the cover your butt approach so they can’t be sued. This drives up costs.
Did you ever notice how few choices you have in NJ for car insurance? I’m lucky that I work in the securities field and have a cost effective health plan in my industry. Too bad I live in NJ. Unlike most states it’s unavailable here, because to sell insurance in NJ you must offer every kind. In Pennsylvania there is no such rule and that is why they have many more insurance companies offering policies then we do. Why can’t I make my own decision on what type of insurance I’m comfortable with? If we could buy insurance from any company across America we would have many more choices available, lowering costs.
Unlike what the Democrats say, no Republican I know is opposed to contraception. We just don’t believe that it or Viagra should be mandatory. Again this drives costs up.
VP Hoboken Republican Committee