Knowing what you know now, would YOU vote for healthcare?

Ever buy and item based on what the salesman told you and when you got it home it didn’t perform according to the sales pitch.  Health care was supposed to be budget neutral, under 900 billion, was to get everyone covered.  Now we here:

Health Law Results In Higher Health Care Costs, Higher Premiums, Loss Of Employer Coverage, Higher Taxes, Cuts To Medicare, Job Loss, And A Revised $1 Trillion Price Tag

Don’t you wish you could return it to the seller?

HIGHER HEALTH CARE COSTS

via Republican.Senate.Gov – Blogs.

“But The [HHS] Analysis Also Found That The Law Falls Short Of The President’s Twin Goal Of Controlling Runaway Costs, Raising Projected Spending By About 1 Percent Over 10 Years.” (“Report Says Health Care Will Cover More, Cost More,” The Associated Press, 4/23/10)

•    “The Overhaul Will Increase National Health Care Spending By $311 Billion From 2010-2019.” “The report found that the president’s law missed the mark, although not by much. The overhaul will increase national health care spending by $311 billion from 2010-2019, or nine-tenths of 1 percent.” (“Report Says Health Care Will Cover More, Cost More,” The Associated Press, 4/23/10)

HIGHER PREMIUMS
“The New Benefit Will Cost $3,380 For Each Dependent, Raising Premiums By 0.7 Percent In 2011 For Employer Plans, according to the department’s mid-range estimate. Some 1.2 million young adults are expected to sign up, more than half of whom would have been uninsured.” (“New Coverage For Young Adults Will Raise Premiums,” The Associated Press, 5/10/10)

“Premiums Are Likely To Keep Going Up Even If The Health Care Bill Passes, Experts Say.” (“Will Health Care Bill Lower Premiums?” The Associated Press, 3/17/10)

“Fearing That Health Insurance Premiums May Shoot Up In The Next Few Years, Senate Democrats Laid A Foundation On Tuesday For Federal Regulation Of Rates, Four Weeks After President Obama Signed A Law Intended To Rein In Soaring Health Costs.” (“Senate Bill Sets A Plan To Regulate Premiums,” The New York Times, 4/21/10)


LOST COVERAGE

“Internal Documents Recently Reviewed By Fortune, Originally Requested By Congress, Show What The [Health] Bill’s Critics Predicted, And What Its Champions Dreaded: Many Large Companies Are Examining A Course That Was Heretofore Unthinkable, Dumping The Health Care Coverage They Provide To Their Workers In Exchange For Paying Penalty Fees To The Government. That Would Dismantle The Employer-Based System That Has Reigned Since World War II.” (“Documents Reveal AT&T, Verizon, Others, Thought About Dropping Employer-Sponsored Benefits,” Fortune, 5/6/10)


HIGHER TAXES

“Taxpayers Earning Less Than $200,000 A Year Will Pay Roughly $3.9 Billion More In Taxes — In 2019 Alone — Because Of Healthcare Reform, According To The Joint Committee On Taxation, Congress’ Official Scorekeeper For Legislation.” (“Healthcare Law Socks Middle Class With A $3.9 Billion Tax Increase,” The Hill, 4/12/10)

•    “Once The Law Is Fully Implemented In 2019, The JCT Estimates The Deduction Limitation Will Affect 14.8 Million Taxpayers — 14.7 Million Of Them Will Earn Less Than $200,000 A Year.” (“Healthcare Law Socks Middle Class With A $3.9 Billion Tax Increase,” The Hill, 4/12/10)

“Nearly 4 Million Americans – The Vast Majority Of Them Middle Class – Will Have To Pay The New Penalty For Not Getting Health Insurance When President Barack Obama’s Health Care Overhaul Law Kicks In, according to congressional estimates released Thursday. The penalties will average a little more than $1,000 apiece in 2016, the Congressional Budget Office said in a report. Most of the people paying the fine will be middle class.” (“Nearly 4M To Pay Health Insurance Penalty By 2016,” The Associated Press, 4/22/10)


CUTS TO MEDICARE

“In Particular, Concerns About Medicare Could Become A Major Political Liability In The Midterm Elections. The [HHS] Report Projected That Medicare Cuts Could Drive About 15 Percent Of Hospitals And Other Institutional Providers Into The Red, ‘Possibly Jeopardizing Access’ To Care For Seniors.” (“Report Says Health Care Will Cover More, Cost More,” The Associated Press, 4/23/10)

LOST JOBS
“A New Law That Cuts Banks Out Of The Federal Student Loan Business Is Costing 2,500 Workers At Sallie Mae Their Jobs. The nation’s largest student lender has told 1,200 staffers in service centers in Killeen, Texas, and Panama City, Fla., they will lose their jobs by year-end. The remaining cuts will follow in 2011, resulting in nearly a third of the company’s total work force of 8,000 losing their jobs.” (“Sallie Mae Job CUTS: 2,500 Jobs Slashed After New Student Loan Law,” The Associated Press, 4/22/10)

“A Dire Warning From Bay State Medical-Device Companies That A New Sales Tax In The Federal Health-Care Law Could Force Their Plants – And Thousands Of Jobs – Out Of The Country Has Rattled Gov. Deval Patrick
, a staunch backer of the law and pal President Obama.” (“Beware The ‘Jobs Killer’,” Boston Herald, 3/25/10)

“AT&T Inc. Will Take A $1 Billion Non-Cash Charge In The First Quarter Because Of The Health Care Overhaul And May Cut Benefits It Offers To Current And Retired Workers.”
(“AT&T Will Take $1B Non-Cash Charge For Health Care,” The Associated Press, 3/26/10)

“Salon Owners Predict Tanners Will Cut Back On Services. As A Result Salons Fear They Will Be Forced To Lay Off Employees.” (“Tanning Salons Feel Burn By Tanning Tax,” WNDU-NBC [South Bend, IN], 3/26/10)

SLASHED DEFICIT REDUCTION AND A $1 TRILLION PRICE TAG FROM CBO
“Congressional Budget Office Estimates Released Tuesday Predict The Health Care Overhaul Will Likely Cost About $115 Billion More In Discretionary Spending Over Ten Years Than The Original Cost Projections.” (“CBO Ups Health Care Cost Projections,” Politico, 5/11/10)

•    “The Additional Spending — If Approved Over The Years By Congress — Would Bring The Total Estimated Cost Of The Overhaul To About $1 Trillion.” (“CBO Ups Health Care Cost Projections,” Politico, 5/11/10)

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