Friday, March 30, 2012

Why Obamacare will End Health Insurance as We Know It

Obamacare is two things 1. it's a whopper of a new tax and 2. it's a backdoor single payer system designed to force everyone into government healthcare by abolishing private health care.
President Barack Obama’s signature health-care legislation, the Patient Protection and Affordable Care Act (PPACA), was sold to the public with the explicit promise that “if you like your health plan, you can keep your health plan.” ...These promises were not made lightly. Their chief function was to defuse the public opposition that had sunk the previous attempt at comprehensive health reform during the Clinton administration...Despite the president’s promise that “you can keep your own insurance,” key PPACA provisions are calculated to undermine the long-term viability of the private insurance market, by making existing coverage unaffordable or unavailable at any price. Indeed, while individuals may technically be allowed to keep their plans, that protection exists in name only.
Read the rest here
Manhattan Institute for Policy Research