Consider these health care facts
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Editor,
Healthcare facts - the new law states the following: 1- Requires health insurance. 2 - Insurance tax credits for incomes one-four times poverty rate. 3 - Prohibits cancellation or exclusion. 4 - Existing plans are grandfathered in unchanged. 5 - Limits premium rates. 6 - Prohibits federal funds for abortion or illegal aliens. 7 - Increases medicare benefits; only actual savings is pulled from Medicare. 8 - Employers with over 200 employees must offer plans. 9 - Creates insurance exchanges and co-ops to give individuals and small-business clout in marketplace. 10 - Limits total insurance-company “take” to 15-20 percent, close to Medicare (insurance currently takes two times that). 11 - Caps insurance company write-off for executive pay at $500,000. 12 - 40 percent excise tax on employers for cadillac plan premiums over $10,200/individual, $27,500/family annually. 13 - Taxes passive-investment earnings for incomes over $250,000. 14 - Changes 1040 deduction from 7.5 percent to 10 percent. 15 - Changes health care practices, lowering costs by reducing duplications, errors, fraud, and liability costs, changing systemic tendencies toward over-spending focus instead of outcome, preventative care, etc.
Opinion - The projection of $118 billion in 10-year deficit-reduction does not take into account massive savings from 32 million people in the system getting treatment the cheaper way, through preventative care and earlier intervention, instead of the vastly expensive way it is, with worse outcomes costing several times more initially and long term.
We already pay for them, either way. We will pay far less for them this way, and most of them will have to pay part or all of their premiums, instead of nothing like now.
Steve Alverson
Ronan
