While most people tend to concentrate on the high cost of Obamacare premiums, we would like to point out how high the deductibles have risen. If you are poor or a low income worker chances are very slim that you are ever going to have the insurance pay any of your bills with an $8,000 deductible. You will be paying the first $8,000 out of your own pocket. For this reason losing your subsidy for Obamacare and going back to uninsured will result in pretty much the same conduct as before.
What is needed is Catastrophic Insurance, HSA accounts, tort reform with malpractice award limits and insurance sold across state lines. This type of medical insurance would carry low premiums. The day to day expenses could be tended to by clinics and means tested government help.
Next week, June 15-June 18, the U.S. House of Representatives will be voting on two bills that seek to repeal harmful provisions of ObamaCare. These bills are H.R. 160, the “Protect Medical Innovation Act,” and H.R. 1190, the “Protecting Seniors’ Access to Medicare Act of 2015,” and their passage is critical should America be stuck with ObamaCare for the long-haul. Thus, in an effort to ensure these bills get the support they need in Congress, AMAC has launched a membership-wide call-to-action campaign to repeal the worst of ObamaCare.
H.R. 160, the “Protect Medical Innovation Act,” seeks to repeal the 2.3% excise tax on medical devices. This tax not only stifles technological innovation and hinders job creation, but it continues to contribute to rising health care costs for consumers. Small businesses have been most burdened by this tax – which has already forced many to lay off employees and close their doors. According to a recent study, 33,000 jobs have already been lost as a result of the medical device tax. Moreover, as medical device companies cut back on their Research and Development budgets, it’s the American people who will truly begin to feel the pain. Medical device manufacturers produce life-saving and life-enhancing technologies on which American doctors, patients, and seniors depend; yet, the medical device tax makes it increasingly more difficult for American companies to lead the world in technological innovation. ObamaCare’s medical device is a steep price to pay for more “affordable” health care.
The second part of AMAC’s call-to-action campaign focuses on H.R. 1190, the “Protecting Seniors’ Access to Medicare Act of 2015.” This piece of legislation would repeal the Independent Payment Advisory Board, often referred to as the IPAB, established by ObamaCare. One of the most troubling parts of ObamaCare, the IPAB is a panel of 15 unelected government bureaucrats that maintain immense decision-making power over Medicare in America. Created to control rising costs in Medicare, the IPAB decides how Medicare is administered, determines the nature of approved treatments, and chooses how cuts are made to Medicare. IPAB members are not required to have professional experience in the medical field, and their virtually unchecked latitude has earned it the nickname “death panel.” With little to no oversight by Congress or the public, the IPAB is permitted to make highly consequential decisions about the delivery of health care. No doubt about it: This intrusive panel further erodes the doctor-patient relationship and is a stark depiction of government-first health care.
While AMAC continues to advocate for full repeal and replacement of the president’s health care law, AMAC will always support commonsense bills that promise to improve the lives of older Americans here and now. With strong bipartisan support in both the House and Senate, AMAC fully expects H.R. 160 and H.R. 1190 to make its way to the Oval Office for consideration.
As H.R. 160 and H.R. 1190 look to take an important step in the legislative process next week in the House of Representatives, AMAC is asking for your help. Lending your voice to this discussion is critical to shaping the future of health care in America.