Promises, Promises

As in broken promises:

"Nothing in the law ensures that people happy with their policies now can keep them."

That means, of course, folks with consumer-centric Heath Savings Account (HSA) plans are outta luck. And folks with higher deductible co-pay plans are, too.

But it's not just our health insurance that's circling the drain; as we've long maintained here at IB, health insurance is not health care. To drive that point home, let's hear from a surgeon who's "worked in a government-run socialized medical care system, and [seen] the waste and inefficiency:"

"The longer people worked in that system, the less work they wanted to do, because the more you wanted to do, the more they dumped on you.  So after a while you stop doing it, because they're not paying you to do more ... Because nobody wanted to work, it would take an hour to turn over the surgical room.  In my private practice now, it takes ten minutes."

So, say goodbye to 10 minutes and hello to 10 hours.

But it's not just health insurance and health care that are under the ObamaTax gun:

"Income inequality appears to be growing in the United States.  And [ the ObamaTax) will dramatically exacerbate it."

Says whom?

Says Merrill Matthews, resident scholar with the Institute for Policy Innovation in Texas. Writing at Forbes, Mr Matthews lays out his case with deadly precision, including numbers form the Census and the Social Security Advisory Board. As noted above, HSA's and higher deductible co-pay plans are soon to be verboten, forcing folks to purchase more expensive policies. Since these premiums will necvessarily eat up a larger proportion of their income, the divide between rich and not-so-rich will be exacerbated.

Just another broken promise, though.