The Unraveling Of Obamacare

[Conservative]

The Unraveling Of Obamacare - Forbes

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.

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.

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. 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. ..

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.”

The Medical Loss Ratio mandate is already forcing insurers out of the market and reducing insurance choices for Americans.

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.

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.

 

[Claudette]

As I said. One giant clusterfuck.

After all. They had to pass it before they knew what was in it.

Per The great Nancy Pelosi. Flamming idiot, along with Truthsplatters, of America.