Claim: ObamaCare will not lead to the taxation of an employer’s health care benefits.
Fact: “These changes include a new excise tax on the highest-cost insurance plans. . . .” Peter Orszag, former Obama administration Budget Director in his final memo before leaving the administration. In fact, the law includes, starting in 2018, a 40 percent tax on so-called Cadillac policies, costing more than $10,200 for individuals and $27,500 for families. – Source: Wall Street Journal, Oct. 16, 2010.
Claim: ObamaCare will not lead to rationing of health care services.
Fact: The Medicus Firm, a medical recruitment company, conducted a survey that found that 46 percent of physicians said they would quit or retire if the bill became law. The survey noted that even a 10 percent decline in practicing doctors over several years would be severely diminish the quality of the health care system because a 20-percent increase in doctors is needed to keep up with projected demand. – Source: The Washington Examiner, March 23, 2010.
Claim: ObamaCare will lower insurance premium costs.
Fact: ObamaCare also includes a $60.1 billion excise tax on the insurance industry, which will be passed through to consumers as higher premiums. – Source: Wall Street Journal, Oct. 16, 2010.
Claim: There will be more Medicare Advantage plans and options from which to choose.
Fact: Insurers are cutting their Medicare Advantage offerings, while others are exiting from the Medicare market entirely. Rick Foster, Medicare’s chief actuary wrote that Medicare under ObamaCare, will offer “less generous benefit packages” and “a large increase in the out-of-pocket costs incurred by MA enrollees.” – Source: Wall Street Journal, Oct. 16, 2010.
Claim: ObamaCare will provide coverage to all people who do not have it.
Fact: According to the Congressional Budget Office, 10 years from now at least 21 million Americans will remain uninsured. Not only that, but almost one-half of the newly covered won’t get access to true health insurance; instead, they will be added to the Medicaid program, adding to its already overburdened problems of access and quality.
– Source: New York Post, July 20, 2010.
Claim: ObamaCare will not result in reduced medical resources and capacity.
Fact: The RAND Corporation reports that the new law may result in severe overcrowding and longer waits in emergency rooms and the Centers for Medicare and Medicaid Services warn that some of the mandated cuts in Medicare could result in the closing of up to 15 percent of U.S. hospitals. – Source: New York Post, July 20, 2010.
Claim: ObamaCare will reduce costs to the individual.
Fact: The administration’s own chief health-care actuary reported that the law will raise U.S. health-care spending by $311 billion over 10 years. – Source: New York Post, July 20, 2010.
Claim: ObamaCare will not shift costs or add costs to businesses, state governments or individuals.
Fact: More than $4.3 trillion in costs will shift to businesses, individuals and state governments. – Source: New York Post, July 20, 2010.
Claim: ObamaCare will bring down insurance premiums.
Fact: Even the cynic might say this is correct because the government will regulate prices. But the Congressional Budget Office reports that says that premiums will double over the next six years, roughly the same rate of increase as would have occurred without ObamaCare. According to RAND, even young and healthy Americans could see premiums rise 17 percent, while the CBO says the self-employed, who buy their own health insurance, could see their premiums rise 13 percent faster than if there was no ObamaCare at all. – Source: New York Post, July 20, 2010.
Claim: Under ObamaCare, you can keep the coverage you have if you prefer it to other options in the law.
Fact: An internal memo leaked from the Department of Health and Human Services says that more than two-thirds of businesses could be forced to change their current coverage; possibly 80 percent for small businesses. Other reports document that seniors with Medicare Advantage and people with health savings accounts also are likely to be forced out of their plans. Even Americans whose plans are “grandfathered” under the law may still be forced to change coverage to a plan that meets government requirements if they make any material changes to their coverage. – Source: New York Post, July 20, 2010.
Claim: ObamaCare will create jobs.
Fact: The Beacon Hill Institute, of Boston’s Suffolk University, analyzed the figures and found that because of higher taxes and mandates on companies to provide insurance, “firms would be induced to fire or lay off “ 120,000 to 700,000 employees by 2019. The Heritage Foundation, a conservative think tank, estimates that the new taxes in the law will kill 690,000 jobs per year. – Source: The Washington Examiner, March 23, 2010.
Claim: ObamaCare will pay for itself and not add to the national debt.
Fact: It will cost more than $2.7 trillion over its first 10 years of full operation and add more than $352 billion to the national debt. – Source: New York Post, July 20, 2010.
Claim: ObamaCare will ban federal for abortion.
Fact: If it did, why did the president sign an executive order which he claims covers those concerns. However, an executive order does not carry the weight of law and only pertains to the administration of government. – Source: The Washington Examiner, March 23, 2010.