How Obama’s Health Care Will Affect Your Coverage

by Pearl Hahn

President Obama promised during his campaign that “the time has come for universal health care in America. . . by the end of the first term of the next president, we should have universal health care in this country.” Many rejoiced at this significant promise, and many others balked.

Currently, the Cato Institute is hosting a health care policy conference attended by concerned citizens across the country (including myself). While Obama has attempted to assuage concerns, declaring that “If you like your health care plan, you’ll be able to keep your health care plan,” the truth is that if enacted, his health reform proposal would indeed eliminate consumer freedom and choice.

The Cato Institute finds ‘ObamaCare’ would eliminate affordable plans by:

Eliminating health savings accounts (HSAs)

Encouraging employers to drop coverage

Eliminating comprehensive plans (price controls)

Forcing seniors out of private Medicare Advantage plans (price controls)

Price controls would arise from rating restrictions, as the House and Senate intend to prevent varying premiums according to health status, sex, and age- all of which are factors that common sense would dictate should determine premiums.

As it stands, ObamaCare is lacking in common sense and cost-effectiveness. While projected to cost nearly $2 trillion over the next decade, it remains to be seen whether America will be richer or healthier, or poorer and sicker after the money is gone.

Pearl can be reached at policy@grassrootinstitute.org

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