Posted tagged ‘health care reform’

Who really wins if health care reform passes?

March 19, 2010

According to CNN, “[Obama] framed the vote as a choice between a victory for the insurers or ‘victory for the American people.’ ” This isn’t the case.

According to Reuters, the current health care bill will still require that all Americans buy health insurance. The choice is gone. The American people will be dependent on the insurance companies for treatment, and when they opt not to pay, the suffering patients will be forced to file for bankruptcy. The option of health care independence, of the health savings account, is vanquished.

Worse, because the demand for insurance is inelastic, the price of insurance will drastically increase. Those that cannot afford insurance will either be fined into oblivion or scooped into Medicare, the failing program that will not cover many key treatments.

So who really wins if this reform passes?  The insurance companies will have an unlimited supply of customers. Obama has it backwards. The American people lose if this bill passes. The insurance companies are the victors.