March 30, 2010
Hope, Change, and $300-$500 More a Year in Taxes
I wonder just how much young liberals are going to like it once they figure out that it is going to be their money that is going to be redistributed.
Beginning in 2014, most Americans will be required to buy insurance or pay a tax penalty. That's when premiums for young adults seeking coverage on the individual market would likely climb by 17 percent on average, or roughly $42 a month, according to an analysis of the plan conducted for The Associated Press. The analysis did not factor in tax credits to help offset the increase.The higher costs will pinch many people in their 20s and early 30s who are struggling to start or advance their careers with the highest unemployment rate in 26 years.
It's real easy to be a liberal when you're still sponging off mom and dad. Once you start paying your own bills, and see the government leaching away the fruits of your hard work to provide for others that can't (or more infuriatingly, won't), then socialism loses its shine.
The is chump change compared to what this bill will cost the average individual. Many people are seeing increases in premiums to this extent right now. They will see a yearly increase as the companies try to raise rates as high as possible without triggering govenment action. By 2014, assuming this junk stays law, there will be a show of movement into what they are predicting. Immediately thereafter there will be a hugh increase in premiums, at least to the extent the government allows. Even with government assurances they will have to bow (picture Obama's with the Japs) to the reality of the increase cost to the insurance companies.
What people don't understand is that those individuals and families that are on the margin will utilize what they perceive as "free" care. These people literally hang out at the hospital all day and night long. I have seen it. They make another culture by seeing the doctor and utilizing every aspect of the system. Right now they are relatively controled, but they feel that they are recieving something for nothing. Want an example, go the the market and look at the biggest carts with meat and other products that those of us can't usually afford on a regular basis. Ask if they are on food stamps, the answer will almost always be affirmative.
Next we will be asked to pay a VAT tax to fund all this along with the income tax. The lower half of the population will have an out. Income taxes will be increased. But guess what, we don't have the money in the US to fund the cost of these programs along with our debt.
We are really and truly screwed. Note that Dean readily admits he wants to "share the wealth" and that this program will do so.
Posted by: David at March 30, 2010 04:20 PMMedicaire/medicaid make up almost 50% of the health care market in the US, so they are far more socialized than Obamacare. Also, it's fine to ask people to be responsible for their own health care costs, through insurance, just like it is to ask people to buy insurance on their cars. In either case other people can bear the costs if you don't have insurance.
Also the CBO says this will save something like 1.2 trillion over the coming years (don't remember the period). What's so bad about it?
Posted by: Durr at March 31, 2010 03:07 PMI have seen it. They make another culture by seeing the doctor and utilizing every aspect of the system. Right now they are relatively controled, but they feel that they are recieving something for nothing.
Posted by: hanly at April 1, 2010 10:26 PM
