The road to hell is paved with good intentions, and the road to crappy socialized health care is paved with the Patient Protection and Affordable Care Act, aka Obamacare. What was touted as the answer to provide all Americans with adequate health insurance failed to acknowledge that somebody has to pay for it.
With that in mind, here are five unintended consequences of President Obama’s health care law.
1. Donations to charity by wealthy philanthropists will decline. America may still be the most charitable nation in the world, but it’s about to become less so. According to Section 1402 of the PPACA, a new 3.8% tax on “high-income” earners will be enacted on January 1, 2013. This will be applied to all income earned, regardless of whether or not they donate some of it to charity. The more someone has to pay the government, the less they have to give to the poor.
2. Employee hours will likely be cut. The new health care law requires businesses with more than 50 employees to provide insurance to their full-time workers, who are defined as those working at least 30 hours a week. Say hello to the 29-hour workweek.
3. Eating out is about to get more expensive. Cheesecake Factory CEO David Overton told CBS on Monday that "[Obamacare] will be very costly ... I believe most people will have to do that [raise prices] or cheapen their product." The CEOs of Papa John’s Pizza and Denny’s have also stated that they will have to pass along the increased cost to the consumers. They’re not being selfish, they’re just trying to stay open.
4. If you like your doctor, you may not be able to keep your doctor. I got notice in the mail a few weeks ago that the medical group I've been a part of for a decade no longer accepts my insurance. “New regulations in the health care industry” were cited as the reason why.
5. Health care will be rationed. It’s simple math. We have a plan that adds more people to a system with fewer doctors, and then we don’t let the doctors charge what their services are worth. Fewer care providers for more people with less money equals rationing. Breast cancer patients didn't really need those drugs anyway.
Takeaway reminder: Health care is neither a right nor a privilege. It is a service that someone will have to pay for. And it looks like that someone is going to be you.
Have you started to see any of these kinds of pitfalls due to Obamacare?
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