It did not take long in my review of the House version of Obamacare released on Thursday to get a picture of what our future health care will be like. The only real surprise is that the picture was revealed so early in the 1990 page proposed legislation.
At page 16, Section 101, the legislation would create a National High-Risk Pool Program beginning January 1, 2010. With certain exceptions, any resident (no mention of citizenship, just residency) of the 50 states and the District of Columbia (page 19) who has been denied insurance due to a pre-existing condition is eligible to apply. The program will last through 2012 (when the public option and the insurance exchanges are set to begin), and will be funded for this period by $5 billion.
Two things are interesting about the program. Subsection (g)(2) provides that the deductible shall be no higher than $1500 and the annual out of pocket cost sharing shall be no higher than $5000. That is expensive coverage, and should those standards be applied in order to deem your insurance a “qualified plan”, you will see your premiums rise higher than what I explained in an earlier post.
But what follows is the real shocker. Subsection (h)(2) at page 25 provides:
If the Secretary estimates for any fiscal year that the aggregate amounts available for payment of expenses of the high-risk pool will be less than the amount of the expenses, the Secretary shall make such adjustments as are necessary to eliminate such deficit including reducing benefits, increasing premiums or establishing wait lists. [emphasis supplied]
What that tells me is that in the minds of those drafting Obamacare, the folks who need the most medical care due to their physical condition will be the first to be thrown under the bus.
I’m beginning to understand how Obamacare can claim that it will insure millions of more Americans while lowering costs at the same time. It will simply reduce benefits, increase taxes, and establish wait lists.
Now, why didn’t I think of that?