Tuesday, October 15, 2013

The ObamaCare Meltown Continues But Does Obama Even Care?

You have to sign up for your plan (ObamaCare) Before You Find Out What's In It...David Burge Tweet

Editor's Note: Since this was posted, we've learned millions have lost their health insurance. In addition, we now know Pres. Obama and Democrats knew this in 2010.
  • I have this strange feeling that even Pres. Obama does not support ObamaCare (The Affordable Care Act). If, as many believe, ACA is the president's signature legislation to date; then why does it suck so bad? Wouldn't one think the architect of the plan would do everything in his power to make it work? Yet, the failures continue to be monumental and disturbing.
  • Reports of how many have actually enrolled in ObamaCare range from 51,000 to just over 100,000 in the last two weeks. To make this plan work, it's estimated at least 7 million Americans need to get on board in the next several months. If these enrollment numbers continue, it can't happen.

  • As I wrote in June and later in September, ObamaCare sticker shock is hitting many Americans hard. In addition, ACA's casualty list keeps growing by leaps and bounds. In just the last two weeks alone, we've seen reports of major computer glitches and concerns over the security of the data (keep in mind, under ObamaCare, your privacy is virtually non-existent. They will not only have access to your medical data, but also to your financial data, personal data and even associations. For example, The Minneapolis Star Tribune reported in September that one of their exchanges accidentally sent out an email containing 2,400 social security numbers. Internet security pioneer, John McAfee recently predicted ACA will be a hacker's dream. In fact, he went as far to say that the information required by exchanges could lead to consumer bank accounts being emptied within one hour of submitting that information. In other words, as of today, the exchanges are not secure. Other security experts have raised similar concerns).
  • If that doesn't piss you off enough, perhaps this will. FrontPage reported this week that the Canadian company hired to create the ObamaCare website was FIRED by the Ontario government because it missed three years of deadlines and failed to deliver the product. To date, this company has received almost $100M to do the job.
  • Also this week, Forbes reported the ACA website continues to crash because it doesn't want consumers to know how costly the plans really are. In other words, the administration's political objectives trumped operational objectives. Forbes shows clearly that "ObamaCare was NOT designed to help healthy people with average incomes to get health insurance.  It was designed to force those people to pay more for coverage, in order to subsidize insurance for people with incomes near the poverty line and those with chronic and costly medical conditions." All together now: BINGO!
  • Yesterday, USA TODAY reported that hospitals have reduced their payrolls by over 41,000 this year alone largely due to ObamaCare. In addition, Medicare, Medicaid and private insurance are cutting hospital reimbursements. Many hospitals are also pulling out of some major markets.
  • Acute doctor shortages are already taking place throughout the country (predicted here three years ago). The Association of American Medical Colleges predicts a shortage of over 130,000 physicians in the next 12 years largely in primary care. CNN recently reported that many primary physicians are looking for a way out, because it would be financially to much of a burden to remain in practice.
  • If Pres. Obama believes so strongly in ObamaCare why have thousands of exemptions and waivers been granted to date? Yet, the individual mandate remains.

  • Americans are learning their premiums are and will skyrocket. Last June, California announced premiums will rise 164%.
  • Estimates by the administration reported ObamaCare will cost just under a trillion dollars in the next ten years. The Congressional Budget Office (CBO) reported it will be more like $1.7T. That means it will be double that.
  • As reported two weeks ago, even Jimmy Hoffa said the health care law will devastate the 40 hour work week (that's already started as Department of Labor Stats revealed in the last several months. Of the jobs created last year, almost 80% were part-time).
  • Several months ago, Kaiser Health reported 16 states have already started rationing prescription medications they will cover under Medicaid.
  • Investors Business Daily reported ACA is forcing companies to cut back on employee benefits.
  • And even after all of this, CBO reported that over 30,000 people will still not have health care by 2023.