Friday, November 11, 2011

Told Ya So: Bye Bye Group Plans

As we've predicted since the very moment of its passage, ObamneyCare© spells the death knell for group insurance.

Here's the latest installment in its demise:

"A new Gallup poll shows ObamaCare is working just as planned: kill the private health insurance industry in order to implement a single-payer government system ... The percentage of American adults who get their health insurance from an employer continues to decline, falling to 44.5%"

The proof, as they say, is in the numbers, and those are stark indeed.

But of course, ObamneyCare©'s good outweighs its bad, right? That is, we've made great strides in reducing the number of uninsured Americans, providing more citizens with health insurance than ever before, right?


Not so much:

"The percentage of adults with no health insurance has been increasing in 2011"

So much for "if you like your health insurance you can keep your health insurance."

UPDATE [11-12-11]: And it's not just
health insurance getting the axe, but actual employees:

"Stryker, the Kalamazoo-based maker of artificial hips and knees, will cut 5% of its global workforce by the end of next year to reduce costs in the face of new fees on device makers required by the U.S. health care law."

This is big news because of our prediction last Spring that this would indeed be the case:

"ObamaCare© mandates a new excise tax on certain classes of medical devices (including certain female-related products). This in turn is creating a chilling effect amongst those companies doing R&D on the next generation of life-saving devices."

Fewer jobs, fewer choices, Papa Washington.
blog comments powered by Disqus