So Mags doesn't want to see the government spend $10.9 billion per year to insure 30 million people and prevent insurance companies (like the one he works for) from rescinding coverage every time a patient gets sick and becomes a liability rather than a source of revenue.
Understandable. We know who butters Mags' bread.
1. I don't work for an insurance company.
2. The recission issue is WAY overblown. Appropriate when people don't tell the truth in the application process - and this happens a lot. AND a number of companies had dispicable recission practices that were not fair - that is for sure.
3. It is more than $10B per year - only 6 years of benefits - remember the trick they used?
4. The cost is WAY more than $10B per year - you are forgetting all the tax increases that were included as offsets. And the cuts to Medicare that occurred.
You'll see individual market prices jump 30-40% due to guaranteed issue in 2014. This is the conensus of a number of actuaries I talked to. Part of this is due to the coverage that Obama is mandating (very rich coverage). The other part is all the pent up demand that will drive average claims through the roof.
Who is Obama gonna blame then? Docs? Hospitals? Maybe he'll look in the mirror and realize he should have left well enough alone, and he screwed up the whole system?
I'm not a believer that anyone should get free goods and services without working to pay for them. And that includes health goods and services.
If we are going to give subsidies, the government should require something in return - maybe hours each month for community service for example. Seems like a very fair tradeoff to me.