Monday, January 10, 2011

While the rest of the world’s businesses don’t have to deal with health care costs, Republicans are in no rush to make the U.S. competitive

Even beyond what the title suggests, the GOP plans to make everyone buy their own more expensive individual policies, and that means Americans will have a lot less discretionary money to buy things. And that would decrease demand and slow the growth of the economy. A job killer. Now, more bad news is on the way for Republicans, news they will ignore and pretend is ridiculous.
Madison Newspapers: Yet another report is out about health care reform. This one, released today by the pro-reform group WISPIRG, warns repealing the law would lead to more health costs for Wisconsin families and small businesses and less coverage … the report uses a lot of information from independent organizations and is worth a read if you're trying to get a handle on the debate.
Among its conclusions:
*Repealing the law, and the system of state health insurance exchanges it calls for, could drive premiums in the individual insurance market up by 20 percent.
*Nearly a quarter of Wisconsin's citizens have pre-existing conditions ranging from asthma to cancer, and without the protections provided by the law they would once again be vulnerable to insurance discrimination---denials and rate hikes--- because of their past history.
*Wisconsin women would once again have to pay higher rates for the same coverage as men if the law is repealed.
*Repeal could pull $4.3 billion in federal Medicaid dollars out of the state economy, jeopardizing the state's 81 community health centers.
*Without the law employer health costs will continue to spiral out of control leading to more than 7,000 fewer new jobs a year.

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