There was plenty of bad news about Obamacare again this week:
- We were promised ‘if you like your doctor, you can keep your doctor.’ One woman recently found out that the price of keeping her doctor was a premium increase from $188 a month to $773 a month under Obamacare.
- The insurance company Molina said it might drop its Obamacare business next year. Molina has been profitable but just reported huge losses because of Obamacare’s risk adjustment provision. That requires profitable insurers to subsidize unprofitable insurers. One observer said profitable insurers might leave the Obamacare marketplace because of this mechanism. Molina is threatening to leave, so this is one prediction that might actually come true.
- The genius masterminds of the Obama administration had 6 years to stabilize the ACA and come up with a viable risk pool that wasn’t too old and sick to support itself. But they couldn’t. They gave it their best shot and failed completely. Pajama Boy just wasn’t up to the job.
- Speaking of jobs, Obamacare will destroy two million jobs by 2025 unless it’s repealed. Half of all New York manufacturers are raising deductibles, because of Obamacare.
- CBO expects the cost of Obamacare subsidies to be $42 billion this year and to more than double to $97 billion by 2027. Medicaid spending is expected to reach $650 billion the same year because of Medicaid expansion, which is part of Obamacare. We already knew that one in ten Medicaid dollars goes to waste, fraud and abuse, but the Comptroller General said this week the problem is actually worse than that, because managed care providers – which deliver Medicaid in several states – haven’t been examined yet for waste, fraud, and abuse. Folks, none of this is sustainable and this is another reason we need full repeal.
- There was another story this week about how the UnAffordable Care Act is driving people into short-term insurance – which doesn’t have to comply with Obamacare – and health-sharing ministries. There are escape hatches to Obamacare and people are using them.
- Remember how the genius masterminds were going to ‘bend the cost curve down’ by getting rid of insurance company administrators? Maybe that happened, but a whole bunch of new government bureaucrats climbed on board healthcare after Obamacare, driving up costs. We knew that already, but this week it was reported that the number of healthcare administrators also went way up under Obamacare, to HALF of all healthcare workers. That means, for every doctor or nurse, there’s an administrator standing next to them, telling them what to do or checking off boxes. Hospital administrators typically make over $300,000 a year, more than most doctors. That’s a lot of money for paper-pushing. You can thank Obama for having so many more mouths to feed with your healthcare dollar.
- Finally, it may seem like there’s a big groundswell of support for Obamacare lately, but some of what you are seeing is FAKE. Yesterday, it was reported that 60 percent of Facebook posts defending Obamacare are coming from paid activists – professionals – not the grass roots. So take everything you’re seeing with a grain of salt and see me in the morning.
Woman finds price of keeping her doctors went from $188 to $773/mo under Obamacare.
Obamacare subsidies to more than double to $97 billion by 2027
Molina threatens to pull out of Obamacare after huge losses; “simply too many unknowns”
Obamacare architects had 6 years to develop a viable stable risk pool and they FAILED miserably. #FullRepeal
Unless Obamacare is repealed, 2 MILLION JOBS will be lost by 2025.
49% of New York manufacturers raising workers’ deductibles because of Obamacare
UnAffordable Care Act driving people into short-term insurance, health-sharing ministries
Because of Medicaid expansion, Medicaid spending to reach $650 billion by 2027. #Unsustainable
Comptroller General: Medicaid waste much worse than 10% official estimate. Managed care waste not examined.
Obamacare advisor: over half of health workers are administrators, up from just over one third before ACA.