Thursday, July 5, 2012

Mitt Romney Referred To Obamacare As A Tax

Many Others Do As Well

Barack Obama

Republican presidential challenger, Mitt Romney, referred to U.S. President Barack Obama's health care plan, dubbed Obamacare, as a tax. This assessment is based on the financial terms of the program. Each person in America will be required to pay several hundred dollars per year or a percentage of their income for health insurance, as a tax, as ruled by the U.S. Supreme Court. It's the only way the Supreme Court, now apart of the Obama Administration, could get the bill passed. However, President Obama doesn't care for the tax label.

The Judiciary Report is of the belief, America needs a health care program, but the proposed terms will prove insufficient in many cases to offset the cost of medical treatment. For example, when I became deathly ill due to the criminal harassment in this case, over the course of one year, between 2008 to 2009, my medical bills totaled roughly$100,000. This was due to the amount of medical scanning that was done. The Obamacare yearly fee wouldn't have even covered the cost of my hospital room for four days.  

Mitt Romney

The American medical system is one of the most expensive in the world and needs to find a way to reduce the cost of scanning/imaging. So many people undergo at least one type of scan per year at a hospital, which will exceed the equivalent of one year's Obamacare fees. The cost of medication needs to decrease as well, as some pharmaceutical companies simply charge too much money for their products. It often takes pharmaceutical companies a few pennies to manufacture each pill and as the ingredients are often not expensive, the massive mark up is purely for huge profits.

Obamacare will not solve America's health woes, just increase the deficit by trillions of dollars, in acts the nation can't afford and suffer from financial shortages, rather than surpluses. America needs  a solid health care program and if necessary, legislative measures to address the pharmaceutical and medical equipment manufacturing industries. A handful of well connected companies are making many billions per year, while the American people pay a terrible price for it.