Thursday, October 21, 2010

Health Care Bill HR3590 - #2305 - Obamacare's Incentive to Drop Insurance - Philip Bredesen - Wall Street Journal

Mr. Bredesen, a Democrat, is the governor of Tennessee and the author of "Fresh Medicine: How to Fix Reform and Build a Sustainable Health Care System," just out by Atlantic Monthly Press.
One of the principles of game theory is that you should view the game through your opponent's eyes, not just your own. This past spring, the Patient Protection and Affordable Care Act (President Obama's health reform) created a system of extensive federal subsidies for the purchase of health insurance through new organizations called "exchanges." The details of these subsidies were painstakingly worked out by members of my own political party to reflect their values: They decided who was to benefit from the subsidies and what was to be purchased with them. They paid a lot of attention to their own strategies, but what I believe they failed to consider properly were the possible strategies of others.......In 2014, when these exchanges come into operation, a typical family of four with an annual income of $90,000 and a 45-year-old policy holder qualifies for a federal subsidy of 40% of their health-insurance cost. For that same family with an income of $50,000 (close to the median family income in America), the subsidy is 76% of the cost. Read more........

Gov. Philip Bredesen
Obamacare Unrealistic Cost Estimates Exposed by Democratic Governor - American Thinker -  The single most compelling argument against the Patient Protection And Affordable Care Act, otherwise known as ObamaCare, was made today in the Wall Street Journal by the Democratic Governor of Tennessee Philip Bredesen. In essence, the subsidies offered to buy health insurance in the newly created exchanges beginning in 2014, are very attractive, and the penalties for companies who do not provide health insurance are quite modest (about $2,000 per employee).  Read more......

No comments:

Post a Comment