Observation: “30 to 50 per cent of total lifetime health care expenditures occur in the last six months of life.” (Source)
Requiring everyone to pay for mandatory healthcare insurance transfers resources from the young to the old, it is a generational tax on the young for the benefit of the old.
How is this possible? It’s simple democracy at work. Politicians’ #1 job is to be re-elected. To be re-elected politicians must provide benefits to
the voters (think “bread and circuses”). In times of limited budgets (like today) there are not enough resources to increase benefits to all classes of voters. Hence, scarce resources are allocated in such a manner as to maximize voter satisfaction. Politicians want to keep their jobs. Therefore politicians must shift benefits away from those who seldom vote and expand benefits to those who do vote–regardless of party affiliation. In the U.S. the young have the lowest voting rate, the old have the highest. Benefits are taken away from the young and awarded to the old. QED.
PELOSI: Buy a $15,000 Policy or Go to Jail (Source)
JCT Confirms Failure to Comply with Democrats’ Mandate Can Lead to 5 Years in JailFriday, November 06, 2009
Failure to comply with the individual mandate to buy health insurance contained in the Pelosi health care bill (H.R. 3962, as amended) could land people in jail.
“H.R. 3962 provides that an individual (or a husband and wife in the case of a joint return) who does not, at any time during the taxable year, maintain acceptable health insurance coverage for himself or herself and each of his or her qualifying children is subject to an additional tax.” [page 1]
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“If the government determines that the taxpayer’s unpaid tax liability results from willful behavior, the following penalties could apply…” [page 2]
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“Criminal penalties Prosecution is authorized under the Code for a variety of offenses. Depending on the level of the noncompliance, the following penalties could apply to an individual:
• Section 7203 – misdemeanor willful failure to pay is punishable by a fine of up to $25,000 and/or imprisonment of up to one year.
• Section 7201 – felony willful evasion is punishable by a fine of up to $250,000 and/or imprisonment of up to five years.” [page 3]
According to the Congressional Budget Office the lowest cost family non-group plan under the Speaker’s bill would cost $15,000 in 2016. “Speaker Pelosi’s decision to leave in the jail time provision is a threat to every family who cannot afford the $15,000 premium her plan creates.” said Camp.
An Interesting Excerpt from “Thinking About Healthcare Reform” (Source):
The prevalence of chronic disease is a key factor in escalating healthcare costs.
Six in 10 adults over the age of 18 have at least one chronic condition.
Current estimates indicate that one in three Americans will develop diabetes over the course of his or her lifetime.29
Healthcare expenditures for diabetics are estimated to be two-and-a-half times greater than healthcare expenditures for non-diabetics; medical costs related to diabetes were over $92 billion in 2002.
The cost of treating chronic illness accounts for 75 percent of healthcare spending.
A 20 percent increase in the share of Medicare patients receiving treatment for five or more chronic conditions accounted for virtually all growth in Medicare spending from 1987-2002.
Obesity costs $36.5 billion annually.
33 percent of adults are obese; 14 percent of children ages 2–5 are overweight, as are 18 percent of children ages 6–11 and 17 percent of those ages 12–19.
With the current rise in obesity rates, one-fifth of all healthcare expenditures will go toward treating the consequences of obesity by 2020.
Will insurance address the symptoms or causes?
Maybe we need to address chronic illness in a more systematic manner?
An ounce of prevention . . .