Filed under: Capitalism, Democrat Corruption, Economy, Health Care, Politics, Progressivism | Tags: 41000 Health Care Job Losses, The Bull in the China Shop
Obama is something like the proverbial bull in the china shop. He may just aim to get through and out the back door, but he’s breaking all the china on his way through the store. The tunnel vision that focuses only on goals and ignores all incentives and inevitable complications is a real problem. Obama cannot seem to do anything without causing major job destruction.
In attempting to transform the American system of health insurance, Obama may be doing irreparable damage to the health care system itself. Obama talks on and on about wanting to create jobs. Grim news for the health care industry, for hospitals, medical practices and related businesses are shedding jobs: 8,000 of them since April, more than any other sector of the economy.
Hospitals were a reliable source of job growth throughout much of the recession. Democrats have a peculiar idea that the costs of medical care can be solved by just paying everybody less. So far this year the health care sector has announced 41,085 layoffs, the third-most behind financial and industrial companies.
•Medicare, Medicaid and private insurance companies are all reducing reimbursement to hospitals. •Sequestration has cut Medicare reimbursement by 2%. •The ACA law has further reduced Medicare payments to hospitals that provide lower-quality service or have high readmission rates. •The National Institutes of Health reduced funding to hospitals by 5% forcing hospitals to trim research staff. •The number of inpatient days fell 4% from 2007 to 2011 in part because of the economic downturn. • As more baby boomers retire, their Medicare services will be reimbursed at a rate lower than those of private payers, putting more pressure on hospital revenue.
The big idea of ObamaCare was covering an estimated 47 million people without insurance. That would be paid for by the “young invincibles”— healthy young people whose payments would cover the expense of older sicker people. The young invincibles are astounded by how much ObamaCare expects them to pay and may opt for the fine.
Low-income people would be covered by Medicaid, but right now it’s hard to find doctors who will accept Medicaid patients. When you don’t pay doctors enough to cover their expenses, they won’t take on those patients. We currently have a significant shortage of doctors, and the ObamaCare people are already talking about turning patients over to nurse practitioners or pharmacists.
Consider the idiocy of attempting to bring in the ACA health plan by reducing the income of all doctors. Anyone who has had the drive and determination and high intelligence to stick out years of medical school and training has the qualifications to do extremely well in any other occupation. Some of them are even indignant enough to run for Congress, There were over 40 who ran last time. You want well-paid surgeons to be doing your knee replacement or cataract surgery, not physicians assistants.
Why those who want to pay doctors less, yet refuse to accept the blow to their own income that would be caused if they didn’t have a waiver from ObamaCare. The idea that congressmen and their aides are entitled to a government subsidy for their health care that is unavailable to ordinary citizens, should enrage the people, and they might want to keep that in mind in 2014.
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