To The Daily Sun,
Medicare supplemental insurance, so called Medigap plans have been attacked. Most Medigap plans pay the beneficiaries' deductibles and co-pays. The reason for purchasing these plans is that they cushion you from the out-of-pocket impacts of Medicare services which you need when you can least afford them.
Our government passed a law last year discouraging beneficiaries from buying such plans. Last April, Congress passed a Medicare bill, which the president signed, restricting first-dollar coverage for Medigap plans. The reform takes effect in 2020 meaning it will save little, according to the CBO.
The government was working under the misunderstanding that passage of this change will make you, the consumer, more cost-conscious. What they refuse to recognize is that we do not buy insurance products based on policing price on behalf of the federal government. That is simply an ignorant premise.
Government controls directly more than half of health care spending. One would think that as the single largest consumer, it would be the most knowledgeable and most able to impact rates.
Most of us do not comprehend the medical billing system in sufficient detail nor do we have the expertise to navigate the 30,000 item long list of procedures. The premise of the bill was wrong from inception. The impact will be to erode the retirement savings of all Americans.
This is yet another example of Congress, at the request of the executive branch, passing bills that limit our freedom and deplete our savings. It is an example of bureaucrats making up a story that common sense should have told legislators was false. But no, the bureaucrats and our big government know what is best for us. So just shut up and pay the bill.
Making matters worse, they are eroding our ability to contract for insurance that meets a need. We don't need any more of this type of help. We need to elect legislators who are interested in supporting and protecting life, increasing not restricting our liberty and enhancing not restricting our property rights.
Just my opinion.
- Category: Letters
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