OBAMACARE FACTS AND FIGURES…
- Those who gain coverage will be enrolled in Medicaid, the welfare program for the poor, or in a health plan designed by the government.
- The millions who remain uninsured will still depend on overcrowded emergency rooms for routine care.
- New taxes, penalties, and fees resulting from the new law will decrease the amount of investment in the economy. This reduced investment will in turn lead to a decline in productivity, causing the economy to produce $706 billion less worth of goods and services.
- On February 10, 2011, CBO Director Doug Elmendorf testified before the House Budget Committee that Obamacare will result in an estimated 800,000 fewer U.S. jobs.
- Obamacare provides $125 million per year for school-based health centers and a new program to reduce teen pregnancy, with no requirement to reduce abortions.
- These federally funded projects deny parents any knowledge about the services their children receive.
- Nearly one-quarter of all seniors rely on Medicare Advantage, the private health care option in Medicare. However, Obamacare makes such deep cuts to that program that half of those covered will no longer be able to keep the coverage they have.
- New taxes on drug companies ($27 billion) and medical device makers ($20 billion), as well as new reporting requirements and regulations imposed on physicians, will make access to health care and services more costly and difficult for seniors under Obamacare.
- Obamacare expands government’s role as the primary payer of health care by adding 18 million people to the Medicaid program, which on average reimburses doctors only 56 percent of the market rate for medical procedures.
- Due to increased regulation and less reimbursement, 66 percent of doctors are considering no longer accepting government health programs.
- By 2019, over 80 million people will be on the Medicaid program—requiring billions of dollars from state budgets and taxpayers.
- Twenty-one State Attorneys General have filed suits to protect their citizens from being forced, in violation of the Constitution, to purchase government-approved health insurance.
- $52 billion in new taxes will be imposed on businesses by mandating that employers provide health insurance.
- New IRS reporting requirements and other business-related taxes and regulations will also penalize growth and success.
- Obamacare adds a trillion dollars in new health care spending, creating prohibitively expensive new entitlements for long-term care and a subsidy scheme that discourages work and penalizes marriage.
- Obamacare will impose about a half a trillion dollars in new taxes and will increase the deficit by $500 billion over the next 10 years, a massive burden on the next generation of taxpayers.
http://www.heritage.org/Research/Projects/Impact-of-Obamacare