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Old 10-02-2012, 01:02 PM  
Chocolate Hog Chocolate Hog is offline
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The Wheels Are Falling Off Of Obamacare

http://www.forbes.com/sites/scottatl...-of-obamacare/


The Unraveling Of Obamacare


Despite the attempt to highlight the new Census Bureau’s reported net decrease in uninsured of 1.3 million people, or 0.6%, as a success story for the Affordable Care Act, we know the reported drop in the number of uninsured actually reflects increases only in government insurance, including 2 million newly insured under Medicare merely by aging, and another 2 million joining Medicaid; likely as a consequence of the economic stagnation under this administration.


Meanwhile, ObamaCare’s failures are already widespread.

A key source of the ACA’s projected savings, the CLASS entitlement designed to provide unlimited, lifetime benefits for long-term care, was quickly abandoned. Recognizing that its premiums, $86 billion by 2021, would finance the rest of ObamaCare instead of its own costs, Sen. Kent Conrad (D-N.D.) called CLASS “a Ponzi scheme of the first order, the kind of thing that Bernie Madoff would have been proud of,” and vowed to block its inclusion in the Senate bill. Medicare Chief Actuary Richard Foster calculated the program needed to enroll more than 230 million— more than the entire nation’s workforce — to be financially feasible. HHS Secretary Kathleen Sebelius was forced to admit last October that the plan simply wouldn’t work, even backpedaling to Congress that “my comment was that it was unsustainable as the legislation was crafted.” CBO Director Douglas Elmendorf noted that month that the “CBO would have estimated that the Repeal the CLASS Entitlement Act would increase federal budget deficits by $83 billion over the 2012– 2021 period, relative to the March 2011 baseline,” thereby eliminating 40 percent of the CBO’s previous budgetary savings of the ACA.


The ACA’s Accountable Care Organization (ACO) blueprint was unworkable from the start. Touted as a new model where doctors and hospitals work together to eliminate unnecessary care, the Centers for Medicare and Medicaid pilot program did not work, saving only $100 per beneficiary annually. Even though President Obama put forth Mayo Clinic and Geisinger Clinic as models of what he wanted to achieve, the American Medical Group Association, representing those very same organizations – Mayo Clinic, Cleveland Clinic, Geisinger Clinic and many other premier health care groups – wrote the administration that a full 93 percent of its members would not participate, because the rules were “overly prescriptive, operationally burdensome, and the incentives are too difficult to achieve.”


The ACA’s medical device tax – on revenues, not just profits – is already destroying high-paying jobs for Americans and moving them overseas. Directly accounting for more than 400,000 high-paying U.S. jobs of the sort our young people seek, these companies are already eliminating jobs because of ACA’s onerous taxes. ACA’s new taxes will cost Boston Scientific more than $100 million a year, so they built a $35 million research center in Ireland instead of the U.S. and announced another $150 million site in China. Stryker of Michigan announced job cuts of 1,000 workers last November “in advance of the new Medical Device Excise Tax.” CEO Curt Hartman reiterated this month that the tax will force companies to move their operations overseas, eliminating American jobs.


Cook Medical of Indiana scrapped plans to open five new plants in the Midwest, while saying “in reality, we’re not looking at the U.S. to build factories anymore as long as this tax is in place.” CEO Alex Lukianov of San Diego’s NuVasive wrote “to offset this tax increase, we will be forced to reduce investments in research and development and cut up to 200 planned new jobs next year” and “as a result of the law, for the first time in our history we are being compelled to consider moving manufacturing, clinical trials and investment in new innovation to more business-friendly countries.” And CEO Mark Waite of Lighthouse Imaging in Maine stated what is obvious to anyone with an understanding of business – “”This [tax] will end up making the cost of goods higher, and since most of these medical devices are required, as opposed to being optional, that cost gets passed on to the consumer and the cost of care goes up.”



The Medical Loss Ratio mandate is already forcing insurers out of the market and reducing insurance choices for Americans. Five insurers, including two of the nation’s largest, already decided to stop selling health insurance in Indiana, mainly because of the ACA edict, according to the Indianapolis Business Journal. And the American Enterprise Group, citing the medical loss ratio and other regulatory burdens, will stop offering individual insurance in more than 20 states, causing 35,000 people to lose their coverage and create a less competitive insurance market. Ironically, young adults are also seeing their choices disappear, as colleges are dropping low cost, limited coverage plans altogether or pricing students out of health insurance because of these actuarial requirements and the bureaucrat-defined list of “essential” benefits dictated by ObamaCare.


A repeated series of waivers to the ACA were urgently granted by HHS, in order to prevent widespread loss of coverage and substantial premium increases caused by ObamaCare’s own decrees. More than a thousand waivers to unions, states, and corporations that cover about 4 million people were granted to avoid “significant increases in premiums or significant decreases in access to health care benefits”… “needed to meet the annual limit requirement” wrote John Dicken, Director of Health Care Issues for the GAO in his letter to Congress.


Meanwhile, ObamaCare forces highly publicized rebates, but the truth is that they may or may not amount to much. As the Virginia-Pilot reported, “Clifton Alford, a Norfolk chauffeur, opened two letters from his health insurer on the same day this summer. One contained a $9.83 rebate check; the other announced a $44 increase in his monthly premiums for the same plan. Alford, 36, said he was tempted to cash the check in pennies: ‘The only other thing I can think of to do would be to send it to Washington and tell them where to shove it.’”


The record is clear – since its rush to passage by President Obama and the Democrat-controlled Congress in 2010, the ACA is doing harm. While the president’s supporters try to control the message, it becomes even more urgent that all Americans realize that an alternative choice is at hand. As opposed to President Obama’s passion for more government control, Governor Romney trusts free market solutions. And instead of government panels to limit care, Mitt Romney’s commitment is that all Americans deserve the right to decide with their doctors how aggressively they want to pursue advanced medical care. Mitt Romney and Paul Ryan want Americans and their families to control their own health care decisions. Their plan would facilitate competition to improve choice and reduce costs, and provide seniors with the option of private insurance. But giving seniors a choice is an idea that this administration finds unacceptable.


At the inception of ObamaCare, then Speaker Nancy Pelosi said Congress had to “pass the bill so you can find out what is in it.” And now we have found out. Filled with new entitlements and symbolic hand-outs, the true impact of this extraordinarily damaging law has only just surfaced in advance of its most destructive effects to come. Only the voters can stop it.
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Old 10-02-2012, 01:03 PM   #2
KILLER_CLOWN KILLER_CLOWN is offline
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Old 11-12-2012, 08:00 PM   #3
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Exchanges - Some states refuse to set up

EXCHANGE - According to the Cato Institute, states are better off defaulting to a federal exchange because the Obamacare Medicaid expansion is too costly. Further, Congress authorized no funds for federal exchanges and if enough states refuse set up an exchange, Congress will have no choice but to reopen Obamacare.
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Old 11-13-2012, 09:25 PM   #4
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How can Obamacare be unraveling when most of it hasn't even been implemented yet?
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Old 11-14-2012, 04:34 PM   #5
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Quote:
Originally Posted by whoman69 View Post
How can Obamacare be unraveling when most of it hasn't even been implemented yet?
Now that dear leader has bean reelected, it can be fully implemented. Now we get to "find out what is in it".

Why did it need to be passed in 2010 instead of jobs?

Why wasn't it discussed in the political campaign?( I mean the details of what it would do and the jobs it would cost?

Why wasn't the act of war committed on us by Iran discussed?

Why wasn't Libya discussed?

Was Israel discussed in today's presser?(Maybe it was, but it wouldn't surprise me if it wasn't)
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Old 11-14-2012, 05:26 PM   #6
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Quote:
Originally Posted by whoman69 View Post
How can Obamacare be unraveling when most of it hasn't even been implemented yet?
I don't know whether it's unraveling or not, but it could be unraveling before it's been implemented if implementation has become a problem.
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Old 11-14-2012, 05:54 PM   #7
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Quote:
Originally Posted by Bo's Pelini View Post
The Medical Loss Ratio mandate is already forcing insurers out of the market and reducing insurance choices for Americans.
Ironically, young adults are also seeing their choices disappear, as colleges are dropping low cost, limited coverage plans altogether or pricing students out of health insurance because of these actuarial requirements and the bureaucrat-defined list of “essential” benefits dictated by ObamaCare.
I mentioned a college student losing her insurance and was excoriated for it because it was anecdotal. Turns out there's more to it than just her.

As I said in another post, wait til those young voters have to pay a tax to an IRS for healthcare. See how they like Obamacare then.


Quote:
The record is clear – since its rush to passage by President Obama and the Democrat-controlled Congress in 2010, the ACA is doing harm. While the president’s supporters try to control the message, it becomes even more urgent that all Americans realize that an alternative choice is at hand. As opposed to President Obama’s passion for more government control, Governor Romney trusts free market solutions. And instead of government panels to limit care, Mitt Romney’s commitment is that all Americans deserve the right to decide with their doctors how aggressively they want to pursue advanced medical care. Mitt Romney and Paul Ryan want Americans and their families to control their own health care decisions. Their plan would facilitate competition to improve choice and reduce costs, and provide seniors with the option of private insurance. But giving seniors a choice is an idea that this administration finds unacceptable.
Oh nonsense! Mitt was going to just replace it with a watered-down version. Even if he allowed states to opt out with an EO ( Guess he's gonna copy Obama with this tool.), he was certainly going to usher them to move into his Romneycare version. That version orginally had more market mechanisms in it, but the Mass Democrats overrode his vetoes. This means if he ushered his own version in, should Ds ever get in power again, always a possibility, they'd tweak it to get rid of such mechanisms.


Quote:
At the inception of ObamaCare, then Speaker Nancy Pelosi said Congress had to “pass the bill so you can find out what is in it.” And now we have found out. Filled with new entitlements and symbolic hand-outs, the true impact of this extraordinarily damaging law has only just surfaced in advance of its most destructive effects to come. Only the voters can stop it.
Well, since the healthcare exchanges lacked a funding mechanism, congress will have to re-visit Obamacare.

As to the destructive effects, well this is why Obamacare is only a stepping stone to a complete govt takeover as some leftists have stated. It's the Fabian's Cloward–Piven strategy.

Let's hope instead, that it's as unpopular as Prohibition.
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