National Public Radio collaborated with Harvard’s T.H. Chan School of Public Health and the Robert Wood Johnson Foundation surveyed Americans’ recent experience with health care, Powerline reported. The findings fulfill all expectations of Republicans and suggest that Obamacare is a complete waste of money. No business would have survived such a massive failure.
Most respondents to their survey say that Obamacare hasn’t affected them; where it has affected them, most say it has hurt them.
The promises that President Obama made about the cheaper premiums! lower co-pays and deductibles, better coverage have all completely failed to materialize.
Twelve million people will be covered by Obamacare in 2016, down from an estimate of 13 million-it has bottomed out; 12 of 23 nonprofit insurance plans will not offer coverage this year; 22 million more will have healthcare than if the law had never been enacted according to Bloomberg/WaPo/AP, however most of them have been pushed on to free government insurance – Medicaid; half of the co-ops have failed and all but one are teetering.
Insurers in 41 states lost money. Prescription drug prices have soared.
In 2003, at an AFL-CIO (USSR) symposium, Obama said: “I happen to be a proponent of a single payer universal health care plan.” He then stated that there is no reason why the richest country to ever exist, “that spends 14% of its GNP on healthcare cannot provide basic health insurance to everybody.”
In 2007 Obama said there would have to be a “transition process,” going from private to single payer. He stated: “I can envision a decade out, or 15 years out or 20 years out.
He sold Obamacare to the public by claiming the big government program will allow government to act as managers while insurance companies administer the programs and gain all those new customers. He promised lower premiums, you could keep your doctor and hospital, and all Americans would be covered. None of that happened.
The AP reported on Tuesday that “UnitedHealth, the nation’s biggest health insurer, will cut its participation in public health insurance exchanges to only a handful of states next year after expanding to nearly three dozen for this year.”
UnitedHealth reported that “It now expects to lose $650 million this year on its exchange business, up from its previous projection for $525 million. The insurer lost $475 million in 2015,” a spokesman said.
As of 2017, they estimate to be out of the exchanges completely.
“It was for us a bad decision,” UnitedHealth CEO Stephen Hemsley said at an investor’s meeting in New York last December, according to Bloomberg Business. He should correct that – It was for the U.S. a bad decision.
Entering the Obamacare exchanges cost his investors millions of dollars and he is sorry he ever did it.
Amazing these insurers salivated over new customers but failed to see the impending and inevitable failure of the program described by the GAO as unsustainable.
One of the ways Mr. Obama planned to cover the costs of Obamacare was through elimination of waste and fraud. Not only has that not happened, they never even tried.
The Government Accountability Office (GAO) released a report last year which concluded the Centers for Medicare and Medicaid Services (CMS) made no attempts to prevent various types of Obamacare fraud throughout 2014.
The GAO analyzed 2014 data from the Marketplace and federal agencies, interviewed CMS officials, and conducted undercover testing.
What they found is CMS doesn’t bother to look for fraud and there’s plenty of it. Ineligible applicants are receiving taxpayer-funded subsidies for Obamacare.
There will be fewer customers but the subsidies will rise, and will go from 8 million subsidized people last year to 11 million people in 2016. Healthcare spending has grown more slowly but the per-person spending on healthcare programs will grow more rapidly. As suspected, we will get less for more money.
American taxpayers will pay $18 billion more on subsidies for people who get to not pay all or some of their health insurance costs.
Mandatory health programs rose by $200 billion, double the average annual rate of increase during the previous decade. The CBO is warning against the mandatory spending programs.
The American taxpayer spent $936 billion last year on health programs including Medicare, Medicaid and subsidies related to the Affordable Care Act, a jump of 13 percent from 2014, according to the Congressional Budget Office, for the first time exceeding Social Security which is barely sustainable.
Spending on Social Security, in contrast, totaled $882 billion, the Congressional Budget Office (CBO) reported.
Almost all of the new enrollees are due to the expansion of Medicaid, the free, government-controlled healthcare.
According to 2013 data from a 2014 Merritt Hawkins study, 55% of doctors already refuse new Medicaid patients – that is the free government healthcare. Most doctors will retire early according to recent surveys.
Medicaid patients suffer worse outcomes. They can’t get the doctors they want and yet the plan costs $450 billion a year. That money should go to the poor to enable them to buy their own plans.T he government is an unnecessary middle man that wastes money.
McKinsey reported 68% of Obamacare insurance options only cover narrow or very narrow provider networks, double that of the previous year.
For cancer care, the majority of America’s best hospitals in the National Comprehensive Cancer Network are not covered in most of their states’ exchange plans.
Obamacare has forced Americans onto a far more government-dominated health care pathway than in the past, along with the aging population. We are heading for universal healthcare and every one will receive bad healthcare. It is Medicaid for all.
By the end of the decade, a full 140 million Americans will have their health care access directly controlled by government insurance, according to the Centers for Medicare and Medicaid.
Medicare and Medicaid also reimburse at very low rates. More and more doctors will abandon them as well.
The middle class and the poor are the ones most hurt by Obamacare.
It’s a drag on the economy, on individuals and on companies.
As major insurance company United Healthcare announced Tuesday that it would be pulling out of most of the ObamaCare insurance exchanges, after losing over a billion dollars due to the policy. This announcement was met with silence from ABC and NBC. It was covered by Fox News’s Megyn Kelly.
Fox News contributor and columnist for the Washington Post Marc Thiessen explained that commercial insurers are now “hemorrhaging money on ObamaCare.” That’s why United had to leave most Obamacare exchanges.
“[W]hen these insurers are losing money, they have three choices. They can scale back their coverage. They can can — and provide less doctors, they can raise prices or they can get out. More and more what you’re seeing is they’re going to start getting out,” he stated.
There are only two options for this unsustainable program: an increase in taxes to sustain it or it will collapse. The plan all along is for Obamacare to force us into Single Payer like they have in Cuba and Russia but unless Americans are willing to fork over 50% of their income, they are not going to make Single Payer sustainable.
The program is a disaster so the plan is to do more of it. It’s even more of a problem when a president sees himself as a dictator and listens to no one but his toadies and bullies, bribes and threatens the rest. Hillary Clinton, should she become president, has promised just that.