Can We Afford Health Reform?
The health reform bill passed, but the question remains: Can America afford the bill? Obama and the leaders of the democratic party have said that the bill will reduce costs and cut down on waste. A common sound byte heard during the process was that America could not afford not to pass the bill. Critics of the president’s proposal pointed to the projections of Medicare and Social Security costs to show that the numbers may not be what the congressional budget office says that they will be.
Afford or Not Afford?
The new healthcare reform legislation does not take full effect for four years. The only thing that has happened is that insurance companies can no longer deny people coverage for conditions that existed prior to the time that they got insurance. The additional premium costs will likely not be offset by the increased revenue of the insurance companies. The argument comes down to whether the cost of insuring the uninsured is greater than what the new profit the companies will make. The new healthcare reform bill did not switch America over to a single payer system. Patients who are not covered by the Veteran’s Administration, Medicaid or Medicare still must pay for their medical cost out of their own pocket.
Can We Afford It?
The new health reform bill did not put more cost on the government. It forced insurance companies to cover people that they would normally consider to expensive to ensure. The insurance companies project that the costs will rise despite the government projections and further cuts to Medicaid and Medicare may be necessary in order to keep the programs running. Regardless of how the federal government planned on implementing the new health reform bill, there was no chance it would not raise an already ballooning federal deficit.
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