The “reconciliation” bill has finally seen the light of day. If you are on Medicare, or, have insurance either through your employer, or, on your own, fasten your seat belts.
Remember the $500 billion cut to Medicare? It’s now $535 billion. Unless Obama can turn back the hands of time for those who may be approaching 65, the plan is to cut that much money from Medicare, while, at the same time adding hundreds of thousands of “baby boomers” to the Medicare rolls. How will that work, you ask? There are only two options that I can think of. Either the cuts to Medicare will not happen, thus dramatically increasing the cost of Obamacare, or, those on Medicare will have to do without medical care to stay within budget.
And, how about those of you who have insurance either through your employer, or on your own? Well, you are not much better off than the “baby boomers”. The original plan under the Senate bill, regardless of what Obama said, was to have your premiums increase by enough to offset the $6.7 billon per year tax on insurance companies. Under the reconciliation plan, your premium increase will almost double to cover the $11.2 billion per year tax on insurance companies in the “reconciliation” bill. Gulp.
So, now you know how those in favor of Obamacare can proclaim that it is deficit nuetral neutral. It steals from the seniors, most of whom have paid Medicare taxes all of their lives, and, it steals from anyone who currently has insurance.
And for what? An ideology that has failed miserably everywhere it has been tried?