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Sarah Palin's presence in the lower 48 means the Arctic ice cap can finally return.

calendar   Sunday - August 14, 2016

Gee, That Worked Out So Well

ObamaCare ==> Hellena Handbasket

Premiums soar as coverage falters and providers run for the hills. Only massive bribery can keep them now.

The health insurance exchanges that are the beating heart of Obamacare are on the edge of collapse, with premiums rising sharply for ever narrower provider networks, non-profit health co-ops shuttering their doors, and even the biggest insurance companies heading for the exits amid mounting losses.  Even the liberal Capitol Hill newspaper is warning of a possible “Obamacare meltdown” this fall.

Three states – Alaska, Alabama, and Wyoming – are already down to just a single insurance company, as are large parts of several other states, totaling at least 664 counties.

UnitedHealth is pulling out completely, Humana is pulling out of 88 percent of counties it was in, and last weak Aetna strongly suggested it will be exiting, too, unless it gets bribed to stay with a huge, annual infusion of direct corporate bailout payments from taxpayers.

Dealing with the wreckage will be at the top of the agenda for the new president and Congress next year, and their options will be limited – especially if, as appears likely, we will continue to have divided government.  Most Democrats would prefer moving toward a totally government-run system while Republicans continue to favor repeal.

Wasn’t there another ObamaLie back in teh day about how this wasn’t all about setting up a single payer (ie government run) system?

But don’t worry, it gets worse:

Cost of Obamacare Medicaid Expansion 49% Higher Than Previously Estimated

[ perhaps that’s because you have the CIA and the military doing your estimates, and feeding you only the “blue sky” numbers? And what about the rest of us who were screaming from the balconies about what would happen? Oh right. Dismissed us totally. Because we were raycis. ]

A government report finds that the cost of expanding Medicaid to millions more low-income people is increasing faster than expected, raising questions about a vital part of President Barack Obama’s health care law.

The law provided for the federal government to pay the entire cost of the Medicaid expansion from 2014 through the end of this year.

Obama has proposed an extra incentive for states that have not yet expanded Medicaid: three years of full federal financing no matter when they start. But the new cost estimates could complicate things.

In a recent report to Congress, the Centers for Medicare and Medicaid Services said the cost of expansion was $6,366 per person for 2015, about 49 percent higher than previously estimated.

“We were told all along that the expansion population would be less costly,” said health economist Brian Blase with the Mercatus Center at George Mason University in Virginia. “They are turning out to be far more expensive.”

Don’t forget, ObamaCare isn’t the son of RomneyCare. It’s the rebirthed Frankenstein bastard of HillaryCare. 


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Posted by Drew458   United States  on 08/14/2016 at 08:38 AM   
Filed Under: • Health-Medicine •  
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