Blog and News
"Docs4PatientCare.org is a politically neutral grassroots coalition of physicians. Use of any politically partisan terms does not reflect the position of Docs4PatientCare.org. We do encourage our speakers to express how they feel and we post articles based on their informative content only. Any politically partisan language used does not reflect the group as a whole. Specific party or political allegiances and opposition are not our intent. The goal of D4PC is only to advocate for effective and responsible health care reform."
Another Insurance Mandate Because of ObamaCare?
Tuesday, August 09, 2011
Which brings us full circle back to Orszag's comments. ObamaCare created the precedent of the individual mandate. It also created another entitlement ponzi scheme. The irony is that one ObamaCare precedent (the mandate) could be used to force people to finance another terrible idea (the CLASS Act) within ObamaCare.
Read more here.
Senator John Thune (SD) has written a new opinion piece in the Washington Times detailing the call by former Obama Administration official, Peter Orszag, for the government to force Americans to begin buying long-term care insurance to ensure that the CLASS Act is fully funded. The CLASS Act is a new entitlement program that created by ObamaCare whereby the federal government is selling long-term care insurance. Under the CLASS Act, taxpayers can voluntarily pay premiums to the government in exchange for the government's promise to cover their long-term care costs later in life.
While the Congressional Budget Office (CBO) scored the CLASS Act as creating revenue for ObamaCare in the first ten years, the CLASS Act has been criticized as a budget gimmick. The only reason CBO found that the program produced net revenue in years 1 through 10 was that there would be far more people paying into the system compared with those collecting benefits. In this respect, the CLASS Act is like a ponzi scheme - which is exactly what Democrat Senator Kent Conrad (ND) called it in 2009. Once people begin collecting benefits, however, the CLASS Act will become another federal government program that is an unaffordable drain on the federal budget.Which brings us full circle back to Orszag's comments. ObamaCare created the precedent of the individual mandate. It also created another entitlement ponzi scheme. The irony is that one ObamaCare precedent (the mandate) could be used to force people to finance another terrible idea (the CLASS Act) within ObamaCare.
Read more here.
Recent Posts
- Just Who Should Control Your Healthcare Spending?
- The War Against Doctors, TownHall.com
- ObamaCare Pharmaceutical Tax Threatens Next Generation of Prescription Drugs
- Massachusetts Health Reform Moves to Price Controls, Will ObamaCare Be Next
- The Future of Innovation in the Health Care Sector
- Aetna Offers Individual Plans To Costco Members In Illinois, Market Watch
- HAL, General Surgery News
- WWCCD: What Will Chris Christie Do?
- Obama Policies Threaten The Most Vulnerable, The Washington Times
- Caution To Seniors About Obamacare-Let The Buyer Beware, TownHall.com
Tags
- 10th Amendment (1)
- AARP (2)
- accountable care (7)
- ACO (18)
- alternative HCR proposals (14)
- AMA (9)
- awards (4)
- Berwick (2)
- Beth Haynes (4)
- Book Reviews (2)
- bribes (12)
- British healthcare system (5)
- budget deficits (17)
- bureacracy (16)
- Bureaucracy (4)
- CLASS (1)
- clips (3)
- Colorado (1)
- commerce clause (2)
- Compact (1)
- comparative effectiveness research (8)
- concierge medicine (1)
- Conscience Clause (2)
- constitutionality (45)
- Contraception Mandate (1)
- Cost Miscalculations (7)
- cost shifting (9)
- costs (22)
- cost-shifting (1)
- court challenges (29)
- D4PC Events (1)
- D4PC opinion (5)
- deals (14)
- decreased quality (11)
- defensive medicine (2)
- diminished physician autonomy (17)
- Dispelling Healthcare Myths (1)
- Donald Berwick (8)
- Electronic Medical Record (1)
- Elena Kagan (5)
- Elena Kagen (3)
- entitltement growth (6)
- Evidence-based Medicine (1)
- Exchanges (10)
- expensive business mandates (2)
- Expensive Mandates (1)
- Favors/Special Interest Groups (3)
- feature (1)
- Fee For Service (1)
- Foreign health systems (18)
- Frank Rosenbloom (1)
- free market (12)
- free-market healthcare (10)
- generic medications (3)
- government intrusion (20)
- government run healthcare (31)
- Grace-Marie Turner (5)
- Hal Scherz (28)
- Health IT, Obamacare (1)
- healthcare access issues (3)
- Healthcare cost-drivers (2)
- Heritage Foundation (5)
- HHS (8)
- Hidden Costs (5)
- High deductible insurance plans (3)
- HMO (1)
- House budget (1)
- HSAs (10)
- ICD-10 (1)
- impact on business (20)
- Impact on Consumers (10)
- Impact on Deficit/Debt (5)
- impact on doctors (16)
- impact on economy (14)
- impact on hospitals (5)
- Impact on Jobs (4)
- impact on patients (39)
- impact on seniors (14)
- Impact on Small Business (3)
- impact on the economy (11)
- impact on the economy, socialized medicine (2)
- Impact on Women (1)
- Impact on Young Adults/Kids (2)
- increased taxes (6)
- increased waiting times (4)
- Independent Payment Advisory Board (22)
- individual mandate (18)
- innovation and technology (7)
- insurance premiums (19)
- insurance subsidies (8)
- IPAB (9)
- IRS (1)
- Jill Vecchio (7)
- malpractice reform (6)
- Mark Neerhof (3)
- Massachusetts model (6)
- Mayo Clinic (1)
- media bias (3)
- Medicaid (27)
- Medicaid Expansion (1)
- medical loss ratio (1)
- medicare (47)
- Medicare Advantage (2)
- Michigan (2)
- Mitch McConnell (1)
- Mitt Romney (3)
- Morning Rounds (72)
- Obamacare (18)
- op-eds (6)
- patient freedom of choice (18)
- patient outcomes (2)
- Patient Privacy (8)
- patient-centered reforms (9)
- Paul Hsieh (4)
- Paul Ryan (10)
- physician shortage (2)
- polling (5)
- PPACA (33)
- PPACA repeal (2)
- Premium Increases (2)
- premium support (2)
- press releases (1)
- price controls (5)
- private insurance (3)
- private practice (4)
- Propaganda (3)
- rationing (19)
- Reforming Medicare (2)
- regulatory burden (1)
- repeal (5)
- Romney health plan (3)
- Ryan plan (7)
- Sally Pipes (7)
- Sebelius (10)
- small business tax credit (1)
- socialized medicine (7)
- Spending (3)
- state budget deficits (10)
- state budgets (2)
- state insurance exchanges (11)
- state models (7)
- State of the Union (1)
- state opt out (3)
- Supreme Court (12)
- tax credits (3)
- Tax Reform (2)
- Taxes (1)
- tort reform (3)
- unintended consequences (20)
- union payoffs (4)
- US Senate and Repeal (1)
- USA health rankings (4)
- Vermont (2)
- video (3)
- waivers (13)
- Washington D.C. (11)
- WH deception (6)
- WH propaganda (3)
- WHite House Deception (17)
- White House propaganda (19)
- Women's Health (2)
Archive
D4PC provides links to other Internet sites only for the convenience of web users. D4PC is not responsible for the availability or content of these external sites, nor does the D4PC endorse, warrant or guarantee the products, services or information described or offered at these other Internet sites.
Comments
Post has no comments.