Tag Archive for obamacare

Obamacare – Government’s version of an arranged marriage?

23/03/2010 the HSA king 5 comments

You know what they say about an arranged marriage? Don’t worry – you’ll learn to like it.

Interestingly enough, that is now Obama/Pelosi’s message: Don’t worry America, you’ll learn to like it.

What kind of fools do they take us for?

The whole arranged marriage scenario presupposes that we didn’t know what we were getting in advance. But we did. The American people are surprisingly informed about this humongous piece of historical legislation that will impact virtually everyone’s lives.

Here’s what I have been able to ascertain so far.

Poor people – love it.
Well to do folks – hate it.
Everyone else – not so sure. If they have been denied coverage in the past, they generally like it – until they see the premiums. One of these days, a subsidy will kick in – but it will not cover as much as an employer would subsidize. In general, I think this category of people never will be happy with the cost/benefit analysis. And of course, if they are “well to do” by Gov’t standards ($88k/year) they won’t get any subsidy at all – only higher taxes and higher premiums.

At this point, my recommendation to people is simple and straightforward – get a health savings account plan in place ASAP. HSA plans were saved! They are part of the bill – they will live forever. There is no question – they always will be the lowest priced option available to anyone over age 30. The only question remaining is this – why wait? Premiums will only get higher – trust me.

I invite you to use our quote engine to get quotes for high deductible plans that are compatible with HSA savings accounts. Don’t hesitate to ask if you have any questions.

Health care reform, high deductible plans ,

Obamacare – set to take us right down the toilet?

21/03/2010 the HSA king No comments

I love it when someone else says exactly what you’re thinking. That way, you can just quote that person and nobody is really mad at you.

In an article published on Fox News the day of the health care “reform” vote, Cal Thomas posits the implausible: That Obamacare will spell disaster for the country.

Highlights made by Mr. Thomas include the following:

  • Obama is not being truthful when he claims a $1.3 trillion reduction in the deficit.  Surely he must know that money “saved” from Medicare cuts will be spent elsewhere.  Only in Washington is a dollar spent considered a dollar saved.
  • The Gov’t plans to limit to ONE the number of tests your doctor will be allowed to run in most instances.  Why? On paper, this saves money.  In the real world, this leads to misdiagnosis and a reduction in the quality of care. Didn’t they say they were going to “improve” health care?
  • Forcing doctors to run less tests inevitably will lead to more, not less malpractice claims.  NOTHING is in this monstrosity of legislation to curb runaway malpractice insurance costs for doctors.
  • Obama promises you can keep your doctor, but what if your doctor is forced into selling used cars or something else?  More and more cuts in Medicare mean less, not more income.  They’ll want your doctor to see more and more, not less patients.  It all adds up to a recipe for disaster.  And who in their right mind amongst the talented will want to go into medical school now?   Look for a surge in enrollment – in MBA and law programs.
  • This national “plan” has already been tested – in Massachusetts, where it turned into a debacle.  Guess which state has the highest per capita health care? Yep.  Massachusetts.  Also the only state with mandated coverage.  See the correlation? According to an independent study by the Rand Corp., health care costs in Mass. are expected to double by 2020, increasing faster than 8% over the state’s GNP.  Brilliant.  Just brilliant.
  • Obama claims this legislation will increase jobs.  Caterpillar disagrees.  That company – one of the 30 Dow component companies – has already started laying people off in anticipation of escalating health care costs.  By its own estimates, the legislation will cost the company at least $100 million.  That ain’t chump change, not even for a Dow company.

    • It all kind of makes you wonder, doesn’t it? Just how many of those Democrats actually read the legislation before voting on it? Or were they just taking the Speaker at her word?

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