Defense of Obamacare based on Misstatements - Opinion
I just read with some amusement the op-ed column, titled “Obamacare a good deal for everyone.” Of course I had to chuckle at the worn-out and discredited talking points that were spouted by him as facts and parroted by almost every liberal Democrat on the planet including President Obama himself.
First of all he stated that before Obamacare, insurance companies could drop you if you were sick. This is an absolute lie (oops, I forget Democrats don’t lie, they just “misspeak”).
Federal law passed in 1997 made it illegal for an insurance company to drop any existing customer’s policy, raise rates or refuse to renew it providing the person was truthful on the application and still resided in the state where the policy was issued, and before the law most state insurance regulators also prohibited the practice.
Secondly, he misspoke about medical costs as being the number one reason for bankruptcies in the United States, which is not true. In fact, from 2008 to the present, the number one reason for bankruptcies has been mortgage foreclosures. Since 2005, medical illness/injuries as a reason for bankruptcy has steadily declined.
A study by the Fraser Institute in Canada in 2007 showed that “non-medical expenditures comprise the majority of debt among bankrupt consumers in both Canada and the U.S.” Other studies have shown that bankruptcy cases in countries with socialized medicine systems do not have lower bankruptcy rates than the United States.
The number one cause for bankruptcy is loss of a job – two out of three. Less than 40 percent involve medical bills.
Furthermore, studies have also shown that more people with health insurance actually file for bankruptcy than uninsured people do!
Finally, Solomon’s biggest whopper was the totally discredited statement that the U.S. health system was 37th in the world. What he failed to tell us was that study was reported in 2000 and after that study the World Health Organization did not do any more health care rankings because of “inherent problems with methodology and definitions.”
The actual editor-in-chief of the original report renounced and criticized the report when he learned of the methodology used and the biases introduced into the report.
Solomon then goes on to get personal and say that two of his three 20-something-old daughters who are struggling in our economy with its 7 percent unemployment – Obama’s economy, I might add – will benefit from Obamacare after they leave mommy’s and daddy’s coverage at age 27, while his third daughter is already covered by her employer – which has about a 50 percent to 60 percent chance of being canceled in 2015, according to some.
Well, I am a physician with five daughters ranging from 18 to 33, and I have told them to pay the fine and put their $300/month into an IRA or savings account from 27 to 65 (38 years) which is $136,800 without interest and $321,000 with 4 percent interest!
The chances of spending that much on medical care in the prime of life are virtually nil!
Obamacare is not a good deal for everyone, especially the young and the healthy.
In fact, it puts the bulk of the estimated $2.3 trilliion of the cost of Obamacare over the next decade squarely on the backs of the young and the healthy without doing a thing to bend the cost curve for medical care down one iota!
Now that is something we can thank a Democrat for!