Exclusive Video: Gov. Mitch Daniels on Obamacare’s Devastating Consequences
(first hand video documentation linked)
Quote:
....note with special sadness that first and foremost amongst the bill's
consequences will be the probable demise of the Healthy Indiana Plan
(HIP). This program is currently providing health insurance to 50,000
low-income Hoosiers. With its Health Savings Account-style personal
accounts and numerous incentives for healthy lifestyle choices, it has
been enormously popular and successful.
Obamacare's expansion of Medicaid, soon to cover one in every four
citizens, will not only scoop up most of HIP's participants, but will
also cost the state between $3.1 and $3.9 billion over the next decade.
It is hard to see how my successors as governor will be able to avoid a
steep state tax increase to pay for it. Meanwhile, our medical device
companies and small businesses will shed jobs as they wrestle with the
taxes and penalties levied to help finance Washington's "reforms."
Of course, it's a misnomer to even refer to this as "reform." It doesn't
reform anything. Instead, it perpetuates and magnifies all the worst
aspects of our current system: fee for service reimbursement, "free" to
the purchaser consumption, and an irrationally expensive medical
liability tort system. It's a sure recipe for yet more overconsumption
and overspending.
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http://blog.heritage.org/2010/08/27/...-consequences/