I recently had the opportunity to get a doctor’s opinion about how she anticipates the effects of Obama’s health care law upon her medical practice. She had this to say:

Honestly, It doesn’t affect me since I work at a government facility and I only see veterans. However, I think some kind of overhaul needed to be done. The current health care system leaves so many people uninsured. Only time will tell how it will affect the health care system. Hopefully the quality of health care won’t diminish because of it.

I do have several colleagues that work privately and the red tape that they currently deal with when it comes to private insurance companies is pretty overwhelming. Hopefully it won’t get worse with the health care system overhaul. I haven’t talked to any of them recently about work but If I hear anything I will let you know what their feedback is.

Obviously, she is cautiously optimistic.

I believe as she does; that reform was required to ensure all had equal coverage.

I also believed as the politicians did; that reform was required to ensure all had equal coverage and with the overreaching goal of bringing down costs.

I would have been ecstatic to have seen

  • reform to allow insurance companies to compete across state lines,
  • reform for pharmaceutical companies to be allowed to recoup R&D costs for longer periods before being turned into a generic,
  • reform for hospitals who are charging $50 for a tablet of aspirin and arbitrarily “negotiate” with insurance companies to bring down costs of medical procedures by 80%.

U.S Senator Sam Brownback and Rep. Kevin Brady Reveal the Details

Developed by the Joint Economic Committee minority, led by U.S Senator Sam Brownback of Kansas and Rep. Kevin Brady of Texas, the detailed organization chart displays a bewildering array of new government agencies, regulations and mandates.

In addition to capturing the massive expansion of government and the overwhelming complexity of new regulations and taxes, the chart portrays:

  • $569 billion in higher taxes;
  • $529 billion in cuts to Medicare;
  • swelling of the ranks of Medicaid by 16 million;
  • 17 major insurance mandates; and
  • the creation of two new bureaucracies with powers to impose future rationing:
    – the Patient-Centered Outcomes Research Institute and
    – the Independent Payments Advisory Board.

Brady admits committee analysts could not fit the entire health care bill on one chart. “This portrays only about one-third of the complexity of the final bill. It’s actually worse than this.”

Obama’s Bill Increases Cost of Prescription Drugs

In the US today, drug patents give twenty years of protection, but they are applied for before clinical trials begin, so the effective life of a drug patent tends to be between seven and twelve years.

The Patient Protection and Affordable Care Act, which President Obama signed on March 23, 2010 now authorize the Food and Drug Administration to approve generic versions of biologic drugs and grant biologics manufacturers only 12 years of exclusive use before generics can be developed.

What this means is that we can expect prices of our medications to go UP, not down, because the drug companies now have less time to recoup the R&D costs and costs associated with clinical trials.