12 promises Obamacare can't keep

President Obama's healthcare promises are a delusion or illusion, depending on your point of view

Promise 1. Pre-existing conditions can’t be denied.
Reality: Increased premiums for private insurance, or lower cost premiums for government insurance- with taxpayers subsidizing the difference in higher taxes. Incentives will force people to take the least costly government option.

Promise 2. Caps on out of pocket expenses
Reality: Increased premiums for private insurance, or lower cost premiums for government insurance with taxpayers subsidizing the difference in higher taxes. Incentives will force people to take the least costly government option

Promise 3. Portability
Reality: Plans will have to be fungible/interchangeable and uniform. Thus, the government will have to define by law all plans, thus taking competition and efficiencies of targeting a plan to meet a person’s needs out of the equation. A “one size fits all” plan will prevail. Incentives will force people to take the least costly government option

Promise 4. Keep coverage if you want
Reality: Yes- companies will make keeping the company policy prohibitively expensive so that you will opt out. Incentives will force people to take the least costly government option

Promise 5. Businesses will pay an 8% health care tax
Reality: If 8% of payroll is less expensive then the healthcare businesses now provide, they will just pay the tax and drop employee coverage. Incentives will then draw people to take the least costly government option

Promise 6. Everyone must have insurance
Reality: People will be fined or taxed if they don’t want insurance. All people in America will then need insurance including illegal immigrants. Taxpayers will pick up the cost in higher taxes or deficits. Those who can’t afford insurance or who will not apply for fear of being deported will be put on the government plan as the incentives will force people to take the least costly government option

Promise 7. Tax credits if you can’t afford insurance
Reality: Taxpayers will subsidize those who can’t pay. Incentives will force people to take the least costly government option

Promise 8. Government care the last resort
Reality: With taxpayer subsidizing the government program and no profit margin to worry about, the government policy will be the lowest in numerical cost to individuals but the highest in “care costs” as well as the hidden costs of higher taxes, deficits, and prices. Incentives will force people to take the least costly government option

Promise 9. No increase in costs
Reality: Where is the $900 Billion coming from? Higher taxes, less benefits, higher deficits, higher inflation? Incentives will force people to take the least costly government option so the pricetag will continue to grow.

Promise 10. Cut waste currently in system
Reality:If the government had the incentives to cut waste and fraud on Medicaid/Medicare, they would have done so already. The government has no profit motive to be efficient. Incentives will force people to take the least costly government option where they can most easily get away with fraud.

Promise 11. Government option will be self sustaining
Reality: To make it “affordable” the premiums will have to be kept below equilibrium or the market rate, thus it will end up paying out more than it takes in and will have to be subsidized by the taxpayers. Since others are picking up the tab, incentives will force people to take the least costly government option.

Promise 12. “more will die”
Reality: Yes more will die, but it will be through government inefficiencies and a lessening of economic growth, not poor health care. The promise of utopia where everyone has all their needs met creates incentives that will force people to take the least costly government option.

At the end of the day, the Obamacare proposals to reform healthcare ignore the basics of scarcity, incentives, and free market capitalism. What you hear is not what you are going to get.

The real agenda is a government takeover of healthcare. The package outlined by the President is a clever way of being"honest" while selling you something you do not want. Once you agree, it will be too late and once the government shoves it foot in your door, it will never leave.