Obama-Care Plain and Simple...

UPDATE: The Patient Protection and Affordable Care Act (Obama Care) found to be unconstitutional by Florida Federal Judge.

Click here to see a copy of Judge Roger Vinson's ruling.

Obama's entire premise for health care reform, as stated by him, was that health care will bankrupt the country. His answer; the 2000-plus page health care bill.

OK let's look at this logically. If the cost of health care is the issue at hand --the current premiums are too high. How is a bill which mandates higher levels of coverage at current premium rates going to lower cost? The answer plain and simple; it won't.

WASHINGTON (AP) -- Two of the central promises of President Barack Obama's health care overhaul law are unlikely to be fulfilled, Medicare's independent economic expert told Congress on Wednesday.

The landmark legislation probably won't hold costs down, and it won't let everybody keep their current health insurance if they like it, Chief Actuary Richard Foster told the House Budget Committee. His office is responsible for independent long-range cost estimates.

Not only is the health care legislation not going to lower costs and force people into new plans. It's going to jeopardize coverage for many people who currently have coverage. Take a peek at the list of companies that have been granted waivers (from the law) so they can continue to provide insurance for their employees. There is a total of 733 waivers granted for 2011 so far.

Helping Consumers Keep their Coverage

The Affordable Care Act is designed to provide Americans with affordable, high-quality coverage options – while ensuring that those who like their current coverage can keep it. Unfortunately, today, limited benefit plans, or “mini-med” plans are often the only type of insurance offered to some workers. In 2014, the Affordable Care Act will end mini-med plans when Americans will have better access to affordable, comprehensive health insurance plans that cannot use high deductibles or annual limits to limit benefits. In the meantime, the law requires insurers to phase out the use of annual dollar limits on benefits. In 2011, most plans can impose an annual limit of no less than $750,000.

Mini-med plans have lower limits than allowed under the Affordable Care Act. While mini-med plans do not provide security in the event of serious illness or accident, they are unfortunately the only option that some employers offer. In order to protect coverage for these workers, the Affordable Care Act allows these plans to apply for temporary waivers from rules restricting the size of annual limits to some group health plans and health insurance issuers.

Waivers only last for one year and are only available if the plan certifies that a waiver is necessary to prevent either a large increase in premiums or a significant decrease in access to coverage. In addition, enrollees must be informed that their plan does not meet the requirements of the Affordable Care Act. No other provision of the Affordable Care Act is affected by these waivers: they only apply to the annual limit policy.

If these 733 companies can only afford the "mini-med" plans now in 2011, how are they going to afford more expensive plans in 2014? You can't increase coverage and decrease cost. That's simply not possible. Insurance companies can't take on increased liability (resulting in more payout) without increasing rates.

Also consider; people who have health insurance which doesn't meet the new minimum requirements will not be able to keep their current coverage. The mini-med plans don't meet the requirements. There are also regular insurance plans which won't meet the new requirements. Nearly every insurance plan has an annual limit. The law mandates no annual limit. Do you see where this is going?

Not only will people not be able to keep their coverage, it is far more likely that many employers will simply drop coverage all together.

I don't think I'm the only one who has figured this out. I'm pretty sure the people who authored the Obama-care legislation knew this as well...

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