The House Health Care Reform Bill (HR 3962): The 8 Things You Need To Know

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The House Health Care Reform Bill (HR 3962): The 8 Things You Need To Know

Despite promise by supporters of the House healthcare reform bill (HR 3962) it fails to accomplish several important goals:

1. No universal health care coverage

18 million people will not be covered.

2. Choice will be limited

If you don’t like your private insurance, you will NOT be able to leave it to go to the exchange where the costs will conceivably be lower.

3. It will cost businesses more

Coverage is mandated and employers will pay taxes of 8% per employee to which that they do not provide health insurance. Will it entice employers to cut their workforce to save money?

4. It will cost individuals more

For those who are not covered by their employer and who can afford to pay health insurance premiums, they will not be able to deduct their costs. This will effectively cost them more in taxes because it will be considered as income.

5. Expansion of Medicaid/CHIP will not translate into access 

Most states are struggling to pay for the existing Medicaid enrollees. 17 million people are currently eligible for Medicaid but are not receiving the benefits. In addition to a lack of state funds, there is also the problem of a lack of physicians who take Medicaid. This will likely get worse when millions of people from Medicaid and the child healthcare program (CHIP) are added.

6. Limited control of the high cost of prescription drugs

At the beginning of the debate, the pharmaceutical companies were given a gift. The government agreed not to re-import cheaper drugs from places like Canada. In addition, the pharmaceutical companies only agreed to give a 2% discount off their generic drugs for 10 years. This discount does not apply to the more expensive brand-name drugs.

7. The Cost of the bill is seriously underestimated

The cost of physician reimbursements for Medicare has been stripped out of the bill. This means that approximately 250 billion dollars in costs have been removed by creative accounting.

8. The CBO estimate of cost saving is only partially true

The CBO estimates that the health care reform as set forth in HR 3962 after 10 years will actually cost tax payers and will contribute to the deficit. The unfortunate thing is that the consequences of this bill will not be fully realized until 2013 well after elections.

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  1. dee September 22, 2011 at 6:27 pm - Reply

    if this health care will increase taxes by a percentage will the rates increase as years go by or will it stay roughly the same? If so, then why not distribute it evenly with taxes? Think about the community. Taxes go up sure but if there is free health care then that means bye bye premiums that go up with emergencies, age, smoking etc. i’d rather deal with tax rates then premium rates anyday. I mean how much of these insurance companies take of profit anyway? that profit could be tax payers money on free health insurance. change is hard but sometimes you gotta try.

  2. Jeramiah Tyndall September 27, 2012 at 2:09 pm - Reply

    Jeramiah Tyndall…

    Hey, thanks for the blog article.Much thanks again. Really Great….

  3. Nolan Gentle September 30, 2012 at 7:48 am - Reply

    Nolan Gentle…

    Looking forward to reading more. Great post.Thanks Again. Much obliged….

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  5. Eliezer Cruz September 22, 2014 at 8:06 am - Reply

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