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Diana Furchtgott-Roth: The High Cost of Health Reform – RealClearMarkets
Posted By Jacob Laksin On December 17, 2009 @ 10:19 am In Uncategorized | No Comments
WASHINGTON-Last night, speaking about the health “reform” bill to ABC’s Charles Gibson, President Obama declared, “If we don’t pass it, here’s the guarantee….your premiums will go up, your employers are going to load up more costs on you. Potentially they’re going to drop your coverage, because they just can’t afford an increase of 25 percent, 30 percent in terms of the costs of providing health care to employees each and every year. ”
But even without a public plan and a lower Medicare age eligibility, the bill would limit Americans’ choice of plans, increase the cost of care, and discourage people from signing up for insurance. The Congressional Budget Office estimates premiums would rise by about 50% under health “reform” by 2016.
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