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It's not working, O
NY Post ^ | September 19, 2010 | SCOTT GOTTLIEB

Posted on 09/20/2010 3:05:14 AM PDT by Scanian

President Obama prom ised that his health reform would "fix" our rising med ical costs and a growing legion of uninsured Americans priced out of coverage.

Fix it in which direction?

Data out last week shows that the price of insurance is rising even faster than before, the number of uninsured Americans is spiraling upward, and the choices people have of doctors and health plans are being sharply constrained as a result.

Welcome to ObamaCare, Year One. This is the change we should start believing in.

The Obama team blames the recession or the "greedy" insurance industry for these ills. But managed-care firms are simply passing along ObamaCare's higher costs, and the recession can't account for all of these setbacks.

The irony is Obama seems certain to run for re-election in 2012 in a country where far fewer people have health coverage than before he tinkered with the system, and those with insurance find themselves paying more money for less.

If Democrats think the Obama health plan is hard to campaign on in this year's political cycle, just wait until the next election.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: costs; healthcoverage; insurance; obamacare
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1 posted on 09/20/2010 3:05:16 AM PDT by Scanian
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To: Scanian

BTTTT


2 posted on 09/20/2010 3:06:54 AM PDT by Jet Jaguar (*)
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To: Scanian

Strangely, my Blue Cross monthly premium has gone down by $35. Maybe it’s just a short bit of relief before they axe our policy.


3 posted on 09/20/2010 3:18:47 AM PDT by ChocChipCookie (TheSurvivalMom.com)
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To: Scanian
This is the typical Obama approach to all problems: It's the fat cats causing the problem. In this case, the insurance companies. Really?

You guys draft a 2700 page bill for Health Care, but totally ignore tort reform in the medical industry? What would happen if we passed a law that said the maximum award for any medically-related law suit is $100K? Or, how about taking England's approach and say: If you lose your (frivolous) law suit, you have to pay the other side's legal expenses? If doctors didn't have to worry about law suits, how many unnecessary (performed only to cover-your-ass) medical tests would not be administered and how much money would this save? Why did all of you bozos in Washington ignore this issue?

It's because about three-fourths you self-serving SOB's are lawyers, that's why.

The same is true for financial regulation. A 2000+ page bill and you don't even touch Fannie and Freddie? Why not? Because you jerks are trying to buy votes with my money. Well, let's see how you like standing in the unemployment line after November. Throw 'em all out.

4 posted on 09/20/2010 3:22:25 AM PDT by econjack (Some people are as dumb as soup.)
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To: Scanian

I admit I am completely discouraged. There is no indication that Republicans will make any attempt to roll this back if they retake the house/senate. I know that any legislation they attempt may be vetoed until 2012 (or Obama leaves the White House) but I have not heard ANY indication this abomination will be overturned.

I could be wrong here, but not seeing it.


5 posted on 09/20/2010 3:33:03 AM PDT by rlmorel (Puritianism is the fear someone is having fun. Liberalism is the fear someone is being a capitalist.)
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To: econjack

There is no problem with our health care. It is the envy of the world, we have the finest Doctors, the best facilities, the most advanced technologies in all related fields, the best access to services.
To say our health care system is broken is a lie.

There is a difference between 50 million peoples not having access to health care services and not having insurance.

The true problem with having the best health care in history is it is expensive.

The reason it is expensive is because the bills are paid by other people’s money, ie: Insurance companies, and public assistance. Thus, there is no incentive for competitive pricing. The average consumer feels they avoided financial destruction by paying thousands of dollars every year in premiums.

In other words, if you don’t want bad things to happen to you, then you better pay up.

It’s called the protection racket and it’s the second oldest way to make a living. It’s also called extortion.

The entire problem with the health care system is not with health care, it’s insurance. To mandate that everyone has insurance only serves to make matters worse. Like trying to put out a fire with buckets of gasoline.

The true solution is to establish a system that ensures lowering costs while encouraging even more advancements over our already lofty standards. The only way to achieve the desired results is by injecting the patient with the only proven formula that reduces costs and increases quality. The name of this time tested, undeniably successful panacea, is “free enterprise”.

The average family of four taking home around fifty thousand dollars a year after taxes, spends twenty percent of their after tax money on extortion payments. If a medical crisis occurs every twenty years, then they have spent nearly a quarter of a million dollars on paying for it. If the event costs 170,000 dollars then the insurance company gets to keep 80,000 dollars. If the event costs 330,000 dollars then the insurance company looses 80,000 dollars. Insurance companies like these odds. In fact, that is exactly how they make so much money.

Over your lifetime, your extortion...um, premium payments will exceed half a million dollars. Whatever is not spent on medical bills, the insurance company keeps. Any sane person feels some resentment in those facts and has no interest whatsoever in being proactive about keeping the costs down, in fact, some feel that,” the more those bastards have to spend the better!”.

We have a system where the buyer, who gets mugged every month, pays the seller with money from the thief !

Hardly conducive to having a competitive market. In fact it ensures that prices of both health care and health insurance will never go down, instead, it ensures that prices will always go up.

The medicine for this terminal condition is obvious and will have stunning side effects, rapidly soaring the entire economy to heights never before encountered.

Medical care entities bill the patient directly, all invoices will have the option for installments with terms, or payment in full.

Every person could be required to deposit 20% of any gross income into an interest bearing personal health care savings account. The interest calculated is based on the rate of inflation.

This is their money to keep and spend as they like with the provision that if the money is spent for medicinal purposes then it is tax free. Up ton once every year, you may withdraw up to half of the money, but if not used for healthcare care it would be taxed as income.

The action sets to action a new and powerful dynamic.

At first, prices will settle to what the market can bear.
Then, enterprising people will figure ways to dominate the market by lowering prices, making money thru sheer volume as say a Wal-Mart, Amazon, Sears and so many others. This will force some out of business but will lower the prices across the entire industry.

Mean while, the consumers will be flushed with capital on hand and a feeling of security and confidence. The economy will grow with unbridled stride. Large ticket items will be in high demand, Finding enough workers, not jobs, will be the major problem and the poor will enrich themselves. It would mark the beginning of a new frontier of prosperity.

In Earnest,

RavenLooneyToon


6 posted on 09/20/2010 3:33:55 AM PDT by RavenLooneyToon
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To: rlmorel

The Republican elite will Not soil their hands or reputations to Campaign on Issues the Rabble has been in a Rage about for almost 2 years. They continue to campaign on Tax cuts alone,same old,same old dont mention the Out of Vogue Trampling of the Constitution,that is for that rabble Tea Party thing.
We are to buy getting our Chairmanships back


7 posted on 09/20/2010 3:39:09 AM PDT by ballplayer
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To: Scanian

My wife educated some clueless LIBs on what thie DeathCare act will do. She was talking about her mom, who will be 103 tomorrow and her eventual need to get a new pacemaker. My wife dropped the subtle comment that she had better get it now before the new act takes effect because her mom won’t get a new pacemaker. The startled LIBs were forced to acknowledge that it was wrong. The looks on their faces = priceless.


8 posted on 09/20/2010 3:40:16 AM PDT by NTHockey (Rules of engagement #1: Take no prisoners)
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To: Scanian

You aint seen nothing yet.

Wait a couple of years when this thing gets rolling with it’s beaurocratic offices and affirmative action employees.


9 posted on 09/20/2010 3:43:01 AM PDT by Venturer
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To: RavenLooneyToon

Forget about that mandatory 20% of gross income into a controlled account. That would rapidly become the craziest boondoogle of all time, as the Government moved in to ‘administer’ it.

Just go with “money spent on healthcare is untaxed”, put a cap on medical liability and insist on loser-pays tort reform.


10 posted on 09/20/2010 3:43:17 AM PDT by agere_contra (...what if we won't eat the dog food?)
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To: RavenLooneyToon; econjack
The average family of four taking home around fifty thousand dollars a year after taxes, spends twenty percent of their after tax money on extortion payments. If a medical crisis occurs every twenty years, then they have spent nearly a quarter of a million dollars on paying for it. If the event costs 170,000 dollars then the insurance company gets to keep 80,000 dollars. If the event costs 330,000 dollars then the insurance company looses [sic] 80,000 dollars. Insurance companies like these odds. In fact, that is exactly how they make so much money.

Your fundamental error is looking at the insurance payments as a savings account in which you accumulate money to pay for something that may happen sooner or may happen later or may not happen at all. This is not what insurance is. You are paying for coverage in the event that something should happen. If you are covered and something happens that costs a couple million dollars (depending on your coverage), you're taken care of. If, after that, you discontinue that coverage, you don't have to reimburse the insurance company for what was spent on you.

You may as well be bitching about renting versus owning a house or a car. "Wah, wah, wah. I spent all this money leasing the car and in the end it still belongs to the leasing company. Wah, wah, wah. I spent all this money renting my apartment and in the end it still belongs to the owner of the building."
11 posted on 09/20/2010 3:46:21 AM PDT by aruanan
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To: ballplayer

This is why we need to get rid of all rinos.


12 posted on 09/20/2010 3:48:00 AM PDT by GlockThe Vote
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To: Scanian
Data out last week shows that the price of insurance is rising even faster than before, the number of uninsured Americans is spiraling upward, and the choices people have of doctors and health plans are being sharply constrained as a result.

And in the meantime Obama continues trying to convince us of the beauty of his health care reform. Ha!

13 posted on 09/20/2010 3:48:11 AM PDT by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: Scanian
Data out last week shows that the price of insurance is rising even faster than before, the number of uninsured Americans is spiraling upward, and the choices people have of doctors and health plans are being sharply constrained as a result.

And in the meantime Obama continues trying to convince us of the beauty of his health care reform. Ha!

14 posted on 09/20/2010 3:48:12 AM PDT by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: RavenLooneyToon

thank you for the MOST common sense writing on health care I’ve read. If the Tea Party was a political party..that would be their health care platform.


15 posted on 09/20/2010 4:08:20 AM PDT by mo
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To: Scanian

Obama needs to be impeached, tried for treason and brought to justice.


16 posted on 09/20/2010 4:08:24 AM PDT by thethirddegree
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To: Scanian

Bend over, vote democRAT.


17 posted on 09/20/2010 4:10:54 AM PDT by Waco (From Seward to Sarah)
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To: Scanian

I’m sure this was “Unexpected”


18 posted on 09/20/2010 4:11:16 AM PDT by mo
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To: rlmorel

...when your in a card game, it’s best not to jump up and down in your seat when you draw a good card....*s*


19 posted on 09/20/2010 4:12:35 AM PDT by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: Doogle

u voter for him


20 posted on 09/20/2010 4:16:34 AM PDT by truthbetold11 (truthbetold11)
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