Skip to comments.Here comes the death spiral: Obamacare’s Prognosis Grows Dimmer
Posted on 06/28/2014 3:44:46 PM PDT by Kaslin
It was already pretty dim for anyone who understands how insurance works. I used to be an insurance underwriter (property and casualty, not health) and Ive been wondering since the beginning how anyone thought Obamacare was going to work. The risk size versus the pool of insureds doesnt make sense. If insurance companies cant adjust for risk (which for the most part they cant under Obamacare) what bizarro mathematics is going to save this ill-conceived juggernaut of bureaucratic bull?
The answer is there is no math which will make it work. Either it gets tons more money from taxpayers or it dies.
I suspect that the people who threw Obamacare together just figured theyd get the camels nose under the tent and everything would work itself out. So what if it meant raising taxes and increasing the deficit and debt. They didnt have a problem with that anyway. Once the thing starts to completely implode there will be no choice (in their political calculus) but to bail out the system. Heck maybe well even get a VA style single payer system out of it. Wont that be great?
We need to deal with catastrophic illness in the uninsured population. We need to solve that very real problem. Obamacare however is a million miles from that solution and serves to only give more power to the central planners in Washington. Which has been the point from the start.
(Excerpt) Read more at finance.townhall.com ...
What??? Didn’t Paul Krugman just declare that ObamaCare is a great success? Surely theNew York Times can’t be wrong......
Because the GOP-wing of the Democrat party will NEVER repeal it.
That's exactly right. Personally, I think everyone knew this thing was going to be a complete disaster but they also knew the system that existed before ObamaCare had the same fatal flaws. This was probably the best way for the whole thing to collapse. Years from now when people wonder how the whole disaster unfolded, even Democrats will gnash their teeth and curse the name of the jug-eared Kenyan exchange student whose name was stamped on it.
You gotta give Democrats a lot of credit for working it out this way. If there was any truth in Washington, this idiocy would have been called PelosiCare instead of ObamaCare.
“Ive been wondering since the beginning how anyone thought Obamacare was going to work.”
It’ll work perfectly - its one and only purpose was always to weaken and undermine the American economy and the American way of life, and, at this, it’s doing just fine, thank you.
“Either it gets tons more money from taxpayers “
you can stop reading right there.
You've summed it up - oh, and to get the entire country and the private life of every citizen under the control of the Federal Government.
Alas, since the Senate version is the surviving form (the House version was essentially single-payer), the idiocy would be best dubbed Reidcare.
Print that money, shovel it in. Print that money, shovel it in.
Thanks to the Fed, a currency backed by nothing, and zero interest rates, there will always be more money for government social engineering schemes. Why does anyone believe Obamacare is in a death spiral?
ObamaCare was designed to fail, to fail forward into socialized medicine. The federal health care system — i.e., the combination of Medicare, Medicaid, VA, Indian Health Services, and ObamaCare mandates — is so bad that even a UK-style socialized system would be better and less expensive. At least there is a private option under the UK system.
You're giving Obama and his advisers either too much or too little credit, depending on where you're coming from.
The answer to all your initial questions is simple and obvious : It never was it isn't now, and it will never be insurance. At least not in the legal sense that existed for over 500 years.
But for Obama, Jarrett and all the hundreds of socialists and 'progressives' in his administration there wasn't time to waste considering niceties such as honest, transparency, plain language, common sense and legal definitions!
Zero information and sub-70 IQ citizens rejoice!
I think the Pubbies can’t wait to step in and save it.
A lib family member has been begging - BEGGING - my son to look at Obamacare. He’s had privately purchased ins for years, and she is convinced ins companies are all evil and if he would only look he would find a much better plan from OC.
She has tried calling him behind my back, texting - just not taking his word for it that OC is a huge scam that does NOT give good value, even with subsidies. Finally a few weeks ago he sat down with her and went through his plan with her.
She was astounded. She could not believe that OC was almost twice the price and less value than a private plan.
They believe the koolaid, that normal people have no decent health care, and need to be rescued by OC. When you show them proof OC is just messing it all up, they don’t know what to think.
They are just people and corrupt politicians like everyone else. When it comes down to it, they want to control people’s lives too. They just try to convince themselves they don’t want to.
In my view, the very purpose of Obamacare is to destroy the insurance companies and then, ta da, Democrats ride to the rescue by taking over completely with a single-payer system. "We had to it. Those evil insurance companies abandoned us."
Given the fact that the GOP no longer talks about repealing the mess this sentence doesn't fill me with a lot of optimism.
Yes, spoiling a rotten corrupt government with full control always solved problems... Enters Obama...
And after single payer, since this is about taxes and not health, people will ask for more socialist police brutal emergency solutions, like death camps etc...
Exactly. The GOP willl say they can fix it better than the Democrats. And paint the Tea Party candidates as racist, no-solution, extremists for wanting to repeal.
They’ll start the “they don’t offer any (statist) solutions” mantra soon, even as the Tea Partiers clearly state their (market-driven) solutions.
Free markets and invisible hands are no longer viable political solutions in GOP America - you must have Central Planning.
I am having SO much fun telling the liberals that I told them so.
Unfortunately, one of them is so enamored with $8/month birth control that she doesn’t care about people dying.
Ted Kennedy (who has been sober for quite some time now) said years ago that the plan was to screw up the US health care system so badly that eventually people would demand single payer.
DEATH PANELS, BABY coming for Republicans....bet on it....they KNOW who you VOTE FOR and WHO YOU GIVE MONEY TO!!
One thing I don’t see discussed much is what happens to enrollees when the next recession hits. The insurance companies will be bailed out, but I can foresee a living hell for many that live paycheck to paycheck. In theory they are suppose to notify the exchange and have their subsidy adjusted upward. But even then, it isn’t likely they would be able to come up with their share of the payment out of pocket. So that would mean either letting the exchange insurance expire or taking on debt to make the payment until cash flow can be adjusted.
I suggest you do that instead of speculating!!!
“Personally, I think everyone knew this thing was going to be a complete disaster but they also knew the system that existed before ObamaCare had the same fatal flaws.”
Actually and this should be in Ripley’s Believe it or Not, there are still some who think it is actually working. You might be surprised to find out who some of those living in this absurd fantasy are. People who absolutely should know better. Talking to one of them is like meeting someone who will swear that the Sun rises over the Pacific beyond California and sets in the Atlantic out past Charleston, SC. It is astounding how out of touch with reality some people can be and sometimes they are people who have high IQ scores, degrees and even successful careers. I once met a man who had moved from the liberal Northeast to Myrtle Beach and opened a printing business so that he could play golf every day. He didn’t take the trouble to learn that as a resident it cost him more to play than had he been coming in on a vacation trip from his old home. This man told me in 1990 that he would “never worry about a hurricane again.” He said that he had heard all these things about how awful a hurricane could be and then Hugo came along and “it was nothing.” I was so startled by the absurdity of his comment that I blurted out, “That is because Hugo didn’t hit Myrtle Beach.” Actually there was a little breeze from the outer edges in Myrtle Beach but the eye of the storm came in at McClellansville just north of Charleston. He then proceeded to tell me that I was wrong and Hugo did hit Myrtle Beach. It was an astounding experience to be confronted with such utter stupidity from someone you would have thought to be an intelligent person. Almost like having someone tell you that water is NOT wet and fire does NOT burn! I still do not understand how someone could run a business in Myrtle Beach and be exposed to news reports of all the amazing damage wreaked by Hugo including people clinging to the roof rafters in a church building all night to avoid being drowned in the rising water and be idiot enough to say that it hit Myrtle Beach and it was nothing. People like that will still say that Obamacare is great when they are told that it will be eight years before they can see a doctor.