Tag Archives: Obamacare

Repeal and Return, by David Walden

Here’s a radical idea. Repeal Obamacare and replace it with what works best in the provision of almost all goods and services: the free market! From David Walden, a Straight Line Logic reader, via email:

Representing the Trump administrations’s first priority, the cry of “repeal and replace” fills the musky swamp gas of Washington. ”R&R” is supposed to represent the solution to the fact that “Obamacare,” the slang accreditation to the person who shamelessly takes responsibility for the Affordable Care Act, is failing to do almost EVERYTHING that was touted on its behalf during passage in 2009.

Yes, “R&R” is definitely needed. However, what is actually needed is “Repeal & Return” – NOT “Replace.”

Upon Japan’s surrender in 1945, my father left the Army and was hired by a small “mom & pop” machine shop as an apprentice tool & die maker. During that time we lived in a cold-water tenement on the first floor. As we could afford little, there was no medical insurance, and the small company dad worked for certainly couldn’t provide any.

When we got sick we either called the Doctor, who came to our home, or in the case of a serious illness/accident, we went to the hospital. In the case of the former, a small charge for the visit and any “medicine” he might provide during the visit, was our cost. Depending on the relationship between us and our Doctor, we would either pay in cash, or subsequently be billed. Should any of us have needed to go to the hospital, the terms of payment would be negotiated with the hospital – with monthly (or whatever) payments for the costs of more serious conditions.

The time frame was the late forties/fifties. I can remember going to a hospital only once in my entire childhood. Twice I recall seeing a Doctor at our apartment/home. At that time the “market” for health care was largely unencumbered by those who would improve it through political means, being dominated only by those who would do so through economic means – with each segment of the market trying to make a buck by providing an ever-improving service. They would continually do so in the traditionally American manner of making it better, cheaper, increasingly available to the expanding market, etc., much as does ALL enterprise and entrepreneurs when simply left alone to do so.

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The “Vietnam War” Called Obamacare Cannot Be Won, by Jack Perry

There is one difference between Vietnam and Obamacare: the US government cannot declare Obamacare even a fig leaf victory—socialized medical care with honor—and try to wind down its involvement, as it did in Vietnam. It’s a massive failure and must be ended. From Jack Perry at lewrockwell.com:

The Vietnam War was started by a Democrat and ended by a Republican. Let’s keep that in mind. Basically, at some point, Republican President Nixon had to finally admit the Vietnam War could not be won and the only sane thing to do was get out of it. But we also must admit ourselves that Nixon must have known the war could not be won for quite some time. And how many more died before the government finally put lives ahead of ego? Oh, of course, the government told us of all kinds of horrible disasters that would occur if the Vietnam War was not won. But those predictions did not come true in the way the government told us. We were lied into that war, lied to about the progress, then lied to as to why we could not pull the plug on it. Only much later did we discover we had thrown away tens of thousands of lives for nothing.

But I’m not here to discuss the Vietnam War. What I’m here to discuss is the Vietnam War of social programs: Obamacare. Here is a social program started by Democrats and hopefully to be ended by a Republican. That it is a quagmire should be obvious to all, but some still mistakenly believe this program can be “won”. That is, it can be made successful. Like the Vietnam War, there have been constant failures and subsequent government efforts to win success. But nothing has worked out the way they said. In terms of the Vietnam War, we are in the year 1969 with Obamacare. We’ve had the Tet Offensive of skyrocketing premiums, insurer pull-outs in many states, and people who lost the plans they wanted to keep. The question is: Knowing Obamacare cannot be successful, how many more billions of dollars do we throw away before the 1973 Cease-Fire?

To continue reading: The “Vietnam War” Called Obamacare Cannot Be Won

 

Obama’s Legacy: Obamacare Failure, Drone Policy Failure, Guantanamo Failure, NSA Spying Failure, by Mike Mish Shedlock

If you get an argument with an Obama partisan, you can recite this article’s list of Obama failures, or you put the ball in the other court and ask the partisan to list Obama’s successes. From Mike Mish Shedlock at mishtalk.com:

Gallup’s Daily Obama Approval Rating poll shows Americans view president Obama consistently higher now than at any time since 2009.

His popularity is more of a reflection on Obama being a likable person, than having likable policies. It’s also a reflection on the extreme unpopularity of both Hillary Clinton and Donald Trump.

Complete Failure

Likable or not, Obama’s legacy will be one of complete failure. Vox reports The whole Democratic Party is now a smoking pile of rubble.

Vox missed some things, lots of things actually, but the headline is accurate enough.

Everything Obama stood for is about to be undone, except perhaps his drone policy which was a miserable failure and should be undone.

1. Obamacare Failure
2. Drone Policy Failure
3. Trade policy Failure
4. Libya Failure
5. NSA Spying Failure
6. Guantanamo Failure
7. Russia Failure

Affordable Care Act Failure

Obama’s Affordable Care Act was nearly a complete failure. Affordable it certainly wasn’t, except for those picked up by Medicaid and a small group of heavily subsidized others.

Obamacare Premiums Up 30% in TX, MS, KS; 50% in IL, AZ, PA; 93% in NM: When Does the Death Spiral Blow Up?

Obamacare “Near Collapse” in Minnesota as Prices Jump 60% Average

To continue reading: Obama’s Legacy: Obamacare Failure, Drone Policy Failure, Guantanamo Failure, NSA Spying Failure

Trump Picks Vocal Obamacare Critic Tom Price As HHS Secretary, by Tyler Durden

The quicker the deranged experiment known as Obamacare is dismantled, the better. From Tyler Durden at zerohedge.com:

In a choice that confirms Trump’s intentions to dismantle Obamacare, Reuters reports that President-elect Donald Trump will shortly announce he has chosen vociferous Obamacare critic Tom Price (R. Ga), an orthopedic surgeon from Georgia, as his Health and Human Services secretary to help him overhaul the U.S. healthcare system.

Chairman of the House Budget Committee Tom Price

“Chairman Price, a renowned physician, has earned a reputation for being a tireless problem solver and the go-to expert on healthcare policy, making him the ideal choice to serve in this capacity,” Trump said in a statement. “He is exceptionally qualified to shepherd our commitment to repeal and replace Obamacare and bring affordable and accessible healthcare to every American. I am proud to nominate him as Secretary of Health and Human Services.”

Price, who currently leads the House Budget Committee, has spent more than a decade in Congress and has become a close ally of GOP leadership. As a member of the House GOP Doctor’s Caucus, Price helped shape the healthcare plan that House Speaker Paul Ryan now pitches as his alternative to ObamaCare. Trump also slected consultant Seema Verma to lead the Centers for Medicare and Medicaid Services (CMS), a powerful agency that oversees government health programs and insurance standards.

Price is a vocal critic of ObamaCare and he brings a deep background in health legislation. In 2014 as the law faced a major challenge at the Supreme Court, Price authored his own plan to replace the law.

To continue reading: Trump Picks Vocal Obamacare Critic Tom Price As HHS Secretary

The Democrat Nightmare On Elm Street, by Karl Denninger

Premiums for Obamacare are set to skyrocket and it couldn’t happen at a better time—just before the election. From Karl Denninger on a guest post at theburningplatform.com:

In just a few days we will begin open enrollment for everyone in Obamacare now.

Eight days before the election, that is.

This is what the nation is going to face:

Dr. Milton Wolf
‏@MiltonWolfMD
Obama promised your premiums would drop by $2500. He lied.

Here’s the latest round of approved rate hikes. Not merely requests. Approved.

There is nothing the Democrats can do about it either — 22 states with massive double-digit premium hikes, 7 of them in excess of 50%.

Many are considered “safe” Democrat states — Colorado, Maryland, Illinois, Connecticut, Hawaii, Pennsylvania.

Then there’s Arizona, Florida, Maine and New Mexico.

How safe is PA? Illinois will have a million dead voters show up at the polls; they’re the land of 102% turnout and nobody has gone to jail in the modern era for doing it, so you can forget that.

Everyone thinks Pennsylvania is clean for Clinton, with “Real Clear” claiming a 6% advantage. How “real” and “clear” is that, and how fast will it evaporate like a fart in the wind with 50%+ Obamacare price hikes hitting the residents of the state in the face a week before the election?

I will say it again: Trump has a card he has not played, and it’s not “repeal and replace.”

It’s jail and indict, and he needs to stick that right now out under the electorate’s nose along with these price hikes — not proposed, not thought about, but approved and coming right up the electorate’s ass a week before election day.

http://www.theburningplatform.com/2016/10/23/the-democrat-nightmare-on-elm-street/

Not Only Is The MSM Turning On Obamacare, New Leaks Show Political Pressure Influenced SCOTUS Decision, by Duane Norman

A few years too late, but the mainstream media and even a few Democrats are recognizing Obamacare for what it is: a massive failure. From Duane Norman on a guest post at theburningplatform.com (for the numerous links, please refer to the original article accessed by the link at the end):

Seeing a lack of competition in many of the health law’s online insurance marketplaces, Hillary Clinton, President Obama and much of the Democratic Party are calling for more government, not less.

Mr. Obama’s signature domestic achievement will almost certainly have to change to survive. The two parties agree that for too many people, health plans in the individual insurance market are still too expensive and inaccessible.

Source: Ailing Obama Health Care Act May Have to Change to Survive | NY Times

The hits just keep on coming for Obamacare. It is increasingly difficult to find people in support of the healthcare reform law as it currently exists. Though, the NY Times is truthfully just calling for more Obamacare, specifically a “public option”, which will be bankrolled by the taxpayer. Once again, ZeroHedge said it best:

But with most insurers around the country complaining that they’re losing $100’s of millions on the Obamacare exchanges, it’s no wonder that Senate Democrats would call on the only investors in the world that are willing to consistently lose money offering a service: the American taxpayer. If at first you don’t succeed just throw more tax dollars at it.

The entire crux of my article detailing my own experience with the healthcare law was the principle that young healthy males, the demographic needed to purchase health insurance to make the exchanges sustainable, has only been disincentivized by the law to purchase insurance. Furthermore, some questioned my original commentary on Obamacare abuse, stating that they didn’t believe abuse of the system is as widespread as I alluded:

A lot of them didn’t even bother to repurchase insurance; they paid the penalty because it was cheaper. If they get hurt or sick, they could THEN sign up for health insurance, because Obamacare made pricing on pre-existing conditions illegal. They figure they’ll just pay the price of a policy whenever they actually need it, not a second before.

However, those exact concerns were addressed by the NY Times, who quoted Obamacare administrator Andrew M. Slavitt:

Andrew M. Slavitt, the acting administrator of the Centers for Medicare and Medicaid Services, said the administration was taking steps to ensure “a stable, sustainable marketplace” — by increasing payments to insurers for “high-cost enrollees” and by curbing any abuse of “special enrollment periods” by people who sign up for coverage after they become sick. In addition, federal officials are redoubling efforts to sign up young adults.

“The subsidies were not generous enough. The penalties for not getting insurance were not stiff enough. And we don’t have enough young healthy people in the exchanges.”

Even Hillary Clinton has been forced to campaign on a similar platform of an Obamacare overhaul, and has stated as much during the debates, while Donald Trump countered with a platform of “repeal and replace”. Minnesota’s Democratic governor has come out railing the health law as “no longer affordable”, and next year, a large percentage of Obamacare consumers will only have one available choice in the public exchanges. I live in constant fear of my health plan being cancelled, and under no circumstance will I buy a policy in the exchange which is more than ever liable to be rolled down by the insurer.

To continue reading: Not Only Is The MSM Turning On Obamacare, New Leaks Show Political Pressure Influenced SCOTUS Decision

Minnesota’s Democratic Governor Admits – Obamacare ‘No Longer Affordable, by Michael Krieger

Pretty soon you’ll be able to count the fans of the Unaffordable Care Act on one hand. From Michael Krieger at libertyblitzkrieg.com:

An architect of the federal healthcare law said last year that a “lack of transparency” and the “stupidity of the American voter” helped Congress approve ObamaCare.

He suggested that many lawmakers and voters didn’t know what was in the law or how its financing worked, and that this helped it win approval.

– From the post: Video of the Day – Obamacare Architect Credits “Lack of Transparency” and “Stupidity of the American People” for Passage of Healthcare Law

Obamacare is now such an obvious failure and disaster, even some of its staunchest Democratic supporters can longer deny reality.

The Star Tribune reports:

ST. PAUL, Minn. — Minnesota’s Democratic governor said Wednesday that the Affordable Care Act is “no longer affordable” for many, a stinging critique from a state leader who strongly embraced the law and proudly proclaimed health reform was working in Minnesota just a few years ago.

Gov. Mark Dayton made the comments while addressing questions about Minnesota’s fragile health insurance market, where individual plans are facing double-digit increases after all insurers threatened to exit the market entirely in 2017. He’s the only Democratic governor to publicly suggest the law isn’t working as intended.

“The reality is the Affordable Care Act is no longer affordable for increasing numbers of people,” Dayton said, calling on Congress to fix the law to address rising costs and market stability.

Few states have embraced the health care law more strongly than Minnesota under Dayton. Lawmakers created a state-run online market exchange for people who aren’t covered by employers or public programs to buy individual coverage. When those policies first went on sale in 2013, Dayton and state officials touted the lowest health insurance rates in the nation.

But after several years of steadily increasing premiums, top state regulators said this fall that Minnesota’s individual market is in “a state of emergency.” The state scrambled to stop all seven companies that sell insurance directly to consumers or through the state exchange, MNsure, from fleeing for 2017, but the state’s largest insurer, Blue Cross Blue Shield of Minnesota, is still exiting.

Health care insurance shoppers will see premium increases that range from 50 percent to 67 percent on their plans for next year.

Across the nation, insurers have sought double-digit premium increases while major companies — including Aetna and UnitedHealth — have pulled out of many state-based exchanges for 2017 after forecasting heavy financial losses. The Obama administration portrays the premium increases as a one-year market correction that can be absorbed or offset by larger financial help through tax credits.

To continue reading: Minnesota’s Democratic Governor Admits – Obamacare ‘No Longer Affordable

Forget “Matthew”, A Much Bigger Storm Looms, from Zero Hedge

http://www.zerohedge.com/news/2016-10-11/forget-matthew-much-bigger-storm-looms

From MichaelPRamirez.com

He Said That? 10/4/16

Once every other decade or so, Bill Clinton tells the truth. He was caught in the act recently. From zerohedge:

In a staggering moment of honesty caught on tape, former President Bill Clinton admits to a group of voters in Michigan that Obamacare is a complete disaster and is wreaking havoc on the middle-class and “small-business people.” Per the video published by the NY Post, Clinton says that Obamacare is fine for those who are eligible for subsidies but admits that hardworking “people who are out there busting it, sometimes 60 hours a week, wind up with their premiums doubled and their coverage cut in half and it’s the craziest thing in the world.”

“You’ve got this crazy system where all of a sudden 25 million more people have health care, and then the people who are out there busting it, sometimes 60 hours a week, wind up with their premiums doubled and their coverage cut in half and it’s the craziest thing in the world.

On the other hand, the current system works fine if you’re eligible for Medicaid, if you’re a lower-income working person. If you’re already on Medicare or if you get enough subsidies on a modest income that you can afford your health care.

But the people getting killed in this deal are the small-business people and individuals who make just a little bit too much to get any of these subsidies.”

http://www.zerohedge.com/news/2016-10-04/bill-clinton-bashes-obamacare-craziest-thing-world

Per The Hill, the comments from Bill come at an awkward time as Obama is set to deliver a “major speech” in Florida touting the astounding success of ObamaCare. Moreover, the comments seemingly contradict Hillary on the issue as she has largely embraced Obamacare on the campaign trail while suggesting that small modifications may be needed to “fix” certain components of the legislation.

If you listen to the madness long enough, every once in a while the talking heads will slip and actually speak the truth. Though, as always, we’re sure Bill will be pulled off the campaign trail, in short order, and reprimanded for his moment of honesty before being re-released into the wild with new talking points singing the praises of Obamacare’s many “achievements.”

 

Obamacare “Death Spiral” Looms As Co-Op Losses Mount, by Tyler Durden

As predicted by SLL and many others, Obamacare is going down in flames. From Tyler Durden at zerohedge.com:

Failing insurers. Rising premiums. Financial losses. As Bloomberg details, the deteriorating Obamacare market that the health insurance industry feared is here.

As concerns about the survival of the Affordable Care Act’s markets intensify, Bloomberg notes the role of nonprofit “co-op” health insurers — meant to broaden choices under the law — has gained prominence.

Most of the original 23 co-ops have failed, dumping more than 800,000 members back onto the ACA markets over the last two years.

Many of those thousands of people were sicker and more expensive than the remaining insurers expected — and they’re hurting results. With more of the nonprofits on the brink of folding, the situation for the remaining providers looks dire. Anthem Inc., for example, is facing an estimated $300 million in losses on its exchange business for individual plans this year, after turning a profit in 2014 and almost breaking even on the program in 2015, according to the company.

“These co-ops have attracted, we think, disproportionately high health-care utilizers,” Gary Taylor, an analyst with JPMorgan who follows the industry, said in a telephone interview. Their former members “are now enrolled in these for-profit health plans. That’s been a factor driving the deterioration in their profitability.”

In a death spiral:

As options for coverage shrink, insurers attract increasingly sick patients and suffer losses.

That forces them to raise rates, driving away healthy, profitable customers.

Facing more losses, they raise rates again, causing more healthy people to leave, and so on — until all that’s left are high premiums and a small pool of the unwell.

And that is what is occurring as some insurers may already be feeling the burden of increasingly sick patients.

Anthem’s then-Chief Financial Officer Wayne DeVeydt said in April the company was “disproportionately picking up market share” in states where co-ops had folded.

On a July conference call, Chief Executive Officer Joseph Swedish said that as the insurer had brought in new membership, its costs of caring for patients with heart disease, diabetes and especially dialysis had increased. Jill Becher, an Anthem spokeswoman, said the CEO’s comments referred to the company’s overall ACA membership.

The administration remains in denial...

People getting insurance in the ACA markets still have access to affordable plans, said Aaron Albright, a spokesman for the Centers for Medicare and Medicaid Services, which oversees the health-care program.

“America is on stronger footing today because of the Affordable Care Act with 20 million gaining health coverage and the uninsured rate is at the lowest point on record,” he said in an e-mail. “Consumers are satisfied with their coverage, have better access to care, and greater financial security — core metrics of success.”

But, we already know what a health insurance death spiral looks like because we’ve seen them before, in states such as New York, New Jersey, and Washington. As we noted previously,

The experience in those states varied somewhat, but they all shared several essential qualities: The states put in place regulations requiring health insurers to sell to all comers (guaranteed issue), and strictly limiting the ways that insurance could be priced based on individual health history such as preexisting conditions (community rating). As a result, insurers ended up with large numbers of very sick customers who were very expensive to cover. Because they were subject to limits on how they could price health history, they responded by signficantly raising premiums for everyone. The new, higher premiums caused the healthiest, most price sensitive people to drop coverage entirely, which caused insurers to raise premiums further, resulting in yet more individuals dropping coverage, and so on and so forth, until all that remained was very small group of very sick, very expensive individuals.

To continue reading: Obamacare “Death Spiral” Looms As Co-Op Losses Mount