Monday, November 18, 2013

Congress Gives Americans A One Year Extension To Keep Health Insurance After Being Dropped Because Of Obamacare

...But Will It Be Enough

Barack Obama

The US Congress has voted to give Americans a one year extension to keep their current health insurance plans, after millions were dropped due to Obamacare. Previously, President Barack Obama told Americans anyone who wanted to keep their health insurance plan would be able to do so, in spite of Obamacare becoming law. However, the exact opposite happened and many are upset. People are now accusing Obama of not being truthful regarding his previous statements.

One year is not going to be enough time to sort out the confusion and mountains of paperwork associated with this switch. Furthermore, many Americans cannot afford the health care plans under Obamacare, as it is simply too costly. This is going to create financial problems in America. This is also occurring during a time the nation is already economically weakened from the effects of the 2008 financial crisis.

Obamacare website crashed weeks ago upon launch and the government is struggling to get it fixed. One has to wonder if it was hacked or sabotaged as similar government sites and those belonging to health insurance companies have not experienced such sweeping problems indicative of foul play. 

The Judiciary Report has been skeptical of Obamacare from the start, primarily due to its hasty passage, sketchy details and clauses. The site was not in favor of the manner in which Obamacare was rammed through the legislature, with no real forethought to what the true impact would be on the American people once implemented. No one in Congress read all 10,000 pages of the bill before it was passed - a piece of important legislation, which could have said anything.

The site has offered time stamped suggestions, such as medical equipment tax, which was later picked up and put into Obamacare several months later (Can ObamaCare Work). However, there are other aspects of Obamacare that need to be changed. You can’t charge the middle class high insurance rates to cover the poor. It’s not going to work. It will economically weaken the middle class that already took a terrible financial battering in the 2008 crisis. Many still have not recovered from it.

People without preexisting conditions should have lower rates, as their health histories indicate it will cost less money to treat them. Rich people with preexisting conditions should be required to pay more, within reason, as they can afford it. A new pharma drug tax on pharmaceutical companies could be enacted and implemented as well, to help pay for the poor with preexisting medical conditions which places them at high risk. It would offset some of the costs.

If you make a certain amount of money, in a higher tax bracket than average, there should be no tax rebates or subsidies granted under Obamacare. Tax rebates and subsidies on Obamacare should only be for lower and middle income people.