Will The Health Care Reform Bill Really Help?
When the health care reform bill passed, Barack Obama, Joe Biden and the Democratic leaders of the senate threw celebrations for the singing ceremony. Obama had achieved one of his campaign goals, but the average person may wonder whether or not the new bill will help or even do what its designers intended it to do. There are positive and negative benefits to the new program, but the full impact will not be felt until all of the provisions of the bill go into law.
Positive Impact of the Health Care Reform Bill
The health care reform bill was intended to help people find coverage. One thing the bill made it illegal for companies to do was to deny coverage based on pre-existing conditions. This provision took affect immediately after passage of the health care reform package. Basically, if a person can afford health care insurance he can get coverage regardless of his overall health. The bill does not make the coverage affordable, nor did it place limits on what a single payer can charge. The bill does not provide details to make insurance available to the working poor who may just be over the limits for Medicaid but who cannot afford better insurance. The employers of such people must now provide coverage or pay a fine for each employee not covered. In most cases, the cost of buying health coverage considered adequate will be more than the fine imposed, even after it is raised.
Negative Impacts of the New Health care Reform Bill
The new health care reform bill creates a number of problems. The first is that it expands the power of the IRS, who now has the task of making sure people have adequate coverage in addition to collecting their revenue. The second is that no government program has ever cost less than what the government thinks it will. There are even very few examples of a government program costing what the government things it will, but in most cases these programs quickly run over budget and soon lead to a new crisis. The third, and perhaps the most devastating, is the bill essentially adds a new tax during a deep recession.
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