$113,293
is the current Alabama-household share of the $12 trillion national debt, which
the new unsustainable health care entitlement will skyrocket.
$24,547
in new Washington spending over the first 10 years for every household in
Alabama.
The
youngest 30 percent of Alabamians will pay 35 percent more based solely on
their age as the new regulations drive up health care premiums in the
individual market.
$8,470
in new government spending for every American over the next 10 years. The share
of national debt for every man, woman, and child in the U.S. is already
$40,305.
While
Democrats say the bill will reduce the deficit by $143 billion, this is filled
with budget gimmicks and tricks designed to hide the true cost of the
bill. Conservative estimates show that this measure will add $618 billion
to the deficit through 2019.
All
Americans must purchase government-approved insurance or face a fine of up to
2.5 percent of income or $695, whichever is greater.
The
University of Alabama at Birmingham estimates that anywhere from 207,000 to
540,000 low-income Alabamians will be added to the Medicaid program even though
only 50 percent of doctors nationally are willing to see new Medicaid patients.
Medicaid pays lower reimbursement rates to physicians than Medicare, thus
shifting the cost burden to individuals with private insurance.
For
those with employer coverage, the Administration released a rule estimating
that 51 percent of all employees, and 66 percent of workers in small
businesses, would lose their current plan by 2013—less than three years
from now.
The
Congressional Budget Office found that at least three million of the 3.9
million people expected to pay tax penalties under the individual mandate will
be families making less than $250,000. Roughly 99% of Alabama households
make less than $250,000.
Employers
are projecting an 8.9 percent increase in health care costs for 2011 and nearly
half (46 percent) of employers are planning to raise out-of-pocket maximum
contributions for employees in 2011.
