Days before Christmas Santa is reading President Obama’s statement about the Senate health care bill. He is checking it twice to find out if the President is naughty or nice. Is he telling the true or is he spinning it to the point that we cannot recognize what is true what is false. Quote by quote. Check. Check. Check. President Obama said today:

…Insurance companies will be prevented from denying coverage on the basis of pre-existing conditions once the exchange is open …

TRUE. Only the exchange is set up to be open in the year 2013. Until 2014 the companies will continue to deny coverage to adults.

wh obama hair

… Insurance companies will now be prohibited from denying coverage to children immediately after this bill passes…

True. We already have big safety nets for kids coverage. Children’s Health Insurance Program and Medicaid take care of low-income family kids and kids with disabilities. So the change is minimal, good and easy to implement immediately.

…small businesses will get additional assistance as well…

True. Small employers may get tax credits. Employers (of 50+ people) are not being required to provide mandatory insurance but will be penalized if they do not provide coverage. Isn’t it a perfect example of government arrogance? We do not require but if you don’t do it we will penalize you. Do it voluntary or else we will punish you!

In most cases the insurance will be more expensive then the option to pay a fine to the Government and send the employees to buy their own coverage at the state exchange. Obama health care will give employers perfect excuse not to provide coverage to their people.

…No longer will insurance companies be able to drop your coverage if you become sick and no longer will you have to pay unlimited amounts out of your own pocket for treatments that you need…

True in 2014 but not immediately.

…families will save on their premiums…

False according to CBO report:

Average premiums per policy in the nongroup market in 2016 would be roughly $5,800 for single policies and $15,200 for family policies under the proposal, compared with roughly $5,500 for single policies and $13,100 for family policies under current law.
By CBO and JCT’s estimate, the average premium per policy in the small group market would be in the vicinity of $7,800 for single policies and $19,200 for family policies under the proposal, compared with about $7,800 and $19,300 under current law.
In the large group market, average premiums would be roughly $7,300 for single policies and $20,100 for family policies under the proposal, compared with about $7,400 and $20,300 under current law

According to the CBO estimates premium for some groups will stay the same and for some groups will be higher.

…This bill will strengthen Medicare…

False. The bill will cut 498 billion dollars from Medicare. The bill will also tax medical devices which mean that new hips and wheelchairs will be more expensive. The bill will cut the Medicare Advantage, so the AARP can get extra customers for their supplemental insurance.

If you were hoping to get cheap meds from Canada – kill your hope. Democrats cut a deal with big pharmaceutical companies and the cheap foreign meds dream is not happening. Government will grant 12 years of market protection to high-tech drugs used to combat cancer, Parkinson’s and other deadly diseases. Those life-saving drugs will be still expensive.

…and extend the life of the program…

True. The new taxes and penalties will make the Medicare Ponzi scheme to collapse not in two years but in 10 years .

…it’s paid for…

True. It will be paid by you. The bill will be paid with avalanche of taxes and cuts in Medicare services. The bill raises federal revenue $498 cuts Medicare $438 billion

It will require you to provide proof of health insurance for each member of the family when you file your taxes – if you are not able to produce proof of insurance – the penalties will be withdrawn automatically from your IRS tax-returns.

……Finally, this reform will make coverage affordable for over 30 million Americans who don’t have it — over 30 million Americans…

True. The bill will make it mandatory for those 30 million Americans to buy insurance or pay the government penalty. They will be forced into the system whether they want it or not. This includes 6 million Americans living abroad and not even using the US health care system. The number may rise to 45 million if the illegal immigrants receive amnesty.