The new Health Care Reform Act has passed giving a great victory to President Barack Obama and the Democratic Party. The greatest victory, however, comes to those thirty-two million Americans who do not have any medical coverage and now have an opportunity for basic health coverage. Finally, insurance companies will be barred from excluding children for coverage because of pre-existing conditions.
Young adults struggling in college will be able to stay on a parent’s health plan until they reach the age of 26.
Uninsured adults with pre-existing conditions will be able to obtain health coverage through a new program. A temporary reinsurance program will be created to help companies maintain health coverage for early retirees between the ages of 55 and 64.
Medicare drug beneficiaries who fall into the “doughnut hole” coverage gap will get a $250 rebate. The bill eventually closes the gap that currently begins after $2,700 is spent on necessary prescription drugs.
Most importantly, the insurance companies will not be allowed to put a limit on lifetime benefits. No longer will insurance companies dictate medical treatment for patients based on cost rather than need. Doctors will be able to practice the medicine they were trained to perform.
This bill has given hope to many struggling individuals, but….
It costs $940 Billion over the first 10 years alone. To top it all off, it is supposedly going to “split the deficit,” meaning that it is in fact going to bring in more money than it will cost; which clearly means that there are tax ramifications out the wazoo.
But who are these taxes going to target? Well, since the poor and underprivileged are the ones benefiting the most from this bill, we know they aren’t going to be taxed. President Obama “loves” the middle class, so fat chance that they will be targeted for these tax burdens, which leaves the wealthy to carry the burden of those who previously could not obtain health coverage for themselves.
Households making over $200,000 a year are going to be slapped with large tax hikes in 2013, as well as expensive industries such as the healthcare field and drug manufacturers.
The upper class is going to be entrusted with carrying the burden of this socialist reform.
The benefits of the reform are awesome. Injustices, for example, preexisting conditions, needed to be banned from our society; but asking the upper class to pay for the medical care of those who previously could not afford it is against the basic statues of capitalism.
Many people are starting to feel that this reform has cost Obama a second term in the white house.
It is not the poor and unfortunate that vote; it is the wealthy, and they are unhappy with the outcome of the recent bill.
The people that this bill affects the most have not even realized it yet. College students for the most part approve of the bill, but they are only on the receiving end as of yet. Once their degrees start to kick in and they jump from the dependent or lowest tax brackets to the higher ones, the support will fall away. All of a sudden the benefits will become burdens, and the progress that seemed like such a good idea will turn to ash in their hands.
Change has come, and with it, taxes. I guess there is no price tag on hope.
The Lewis Flyer
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