Tuesday, May 18, 2010

WSJ: "No, you can't keep your health plan"

Dr. Scott Gottlieb opines in today's Wall Street Journal about ObamaCare, the health profession, and how Barack Obama and the Democrats have misled Americans about the status of their personal insurance. Barack Obama said in no uncertain terms that Americans could keep their insurance:
President Obama guaranteed Americans that after health reform became law they could keep their insurance plans and their doctors.
Dr. Gottlieb, a former official at the Centers for Medicare and Medicaid Services and who is a fellow at the American Enterprise Institute and a practicing internist, points out that is not true:
It's clear that this promise cannot be kept. Insurers and physicians are already reshaping their businesses as a result of Mr. Obama's plan.

The health-reform law caps how much insurers can spend on expenses and take for profits. Starting next year, health plans will have a regulated "floor" on their medical-loss ratios, which is the amount of revenue they spend on medical claims. Insurers can only spend 20% of their premiums on running their plans if they offer policies directly to consumers or to small employers. The spending cap is 15% for policies sold to large employers.
The truth slowly creeps out from the 2,000 page bill that was hurriedly passed by partisan Democrats on a protesting public. Will Republicans be able to turn it around once they are back in control in DC?


Joy Jackson said...

Thanks, Lynn. I've posted this article on my facebook page. Now if only those stubborn liberals I know will only read it.

Lynn R. Mitchell said...

They would have to take their blinders off first....