Wednesday, April 13, 2011

Rom-Obamacare Lays Egg

And behold, Romneycare begat Obamacare and all was good.

Well, maybe not that good . . .

The Massachusetts plan to provide affordable health insurance for everyone sure sounded good when conceived five years ago. But that baby is still a mere child but is already showing growing pains and aging way beyond its' years.

As a health care plan, Romneycare is an unmitigated fiasco. It has caused costs to skyrocket, insurance premiums to soar and nonprofit providers like Blue Cross to suffer hundreds of millions of dollars in losses.
Gosh, who would have thought that?

I mean, other than the folks at InsureBlog.

Somehow we saw the hand writing on the wall and knew there were going to be problems.
In 2008 — when Obama was running for president and Ted Kennedy was towering over the Senate — nearly 70 percent of Massachusetts voters supported the plan.

But after five years of actually experiencing this new universe, even the Kennedy Democrats have had enough. A new Suffolk University poll showed that nearly half of Massachusetts voters say the law isn’t helping, while just 38 percent say it is. As Michael Cannon at the Cato Institute pointed out, Romneycare is almost as unpopular here as Obama- care is across America.
Heading in to an election year, that can't be good news for those that can be tagged with a universal health insurance agenda.

You know. Folks like Obama . . . and Romney . . .
The direct cost of Romneycare has gone from less than $100 million a year to at least $400 million — and even that number is suspect. But we do know we’ve spent more than $35 million in a single year on health services for illegal immigrants, and tens of millions more on illegal, unallowable or outright bogus claims.
But wait!

Obamacare is Romneycare for the other 56 states and is supposed to generate lower health care costs not higher ones. And with Obamacare comes the promise of "not adding one dime to the deficit".

Somehow I think that promise is going to go up in smoke like a Cheech and Chong movie.
Many people have seen their (health insurance) premiums double in the past five years
Well yeah, but that is just a fluke. Obamacare is supposed to lower our premiums by 3000%.

Or will they?

Thanks to Henry Stern for this tip!
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