Filed under: Capitalism, Democrat Corruption, Economy, Health Care, Politics, Taxes | Tags: Fewer Doctors, Higher Insurance Premiums, Repealing ObamaCare
Late on Friday, 34 Democrats, almost two-thirds of the caucus, joined Senate Republicans in approving an amendment to repeal a medical-device excise tax, a key funding apparatus for ObamaCare. As an amendment to the budget, it is non-binding, but it clearly indicates that some Democrats are open to repealing the more unpopular parts of ObamaCare. Obama’s policy priorities are no longer the most important factor in Democrats’ political calculus.
It’s pretty clear to those who face election next year the ObamaCare is not exactly popular. Americans hate it. And as they slowly become aware of what it does and how it plays out, they hate it even more. There have been many different studies done over the past few years to model what premium increases are likely to be under ObamaCare’s new rules. Here’s where it is necessary to remember that the Medicare Drug Bill under George W. Bush, is the only known government program that came in costing less than projected.
Source: “The Price of Obamacare’s Broken Promises,” report by the House Committee on Energy and Commerce Majority Staff, Senate Committee on Finance Minority Staff, and Senate Committee on Health, Education, Labor & Pensions Minority Staff, March 2013.
United Health Care, the nation’s largest insurer projects that rates could increase for individuals and small businesses could more than double.
Another new study suggests that over one-third of the 9.1 million full-time jobs among America’s franchises could be cut back or eliminated by ObamaCare as small businesses struggle to maintain profitability while coming up with the money to pay for Washington-mandated health care coverage, according to the International Franchise Association.
A study by the Association of American Medical Colleges found that the country will have 62,900 fewer doctors than its needs by 2015, thanks in large part to ObamaCare. At the same time a survey by the Physicians Foundation found that almost 50% of doctors say ObamaCare has made them less optimistic about the future of health care and they would retire today if they could.
What does it mean when there aren’t enough doctors? In Canada, the wait for a colonoscopy is reportedly three years. In some places they are already talking group appointments.
After ten years, ObamaCare will still leave 30 million without coverage, according to the Congressional Budget Office. That number could be much higher if the law causes premiums to spike and encourages people to drop coverage in spite of the law’s mandate.
Politicians aren’t any good at business decisions, they are only so-so at political decisions. When they start developing a business to take care of the health of the whole country, we’re in for trouble.
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