Obamacare: The Un-affordable Healthcare Act

Time for a quick refresher, for those that haven’t been following along.

Back in 2009-2010, Obamacare had 2 big selling points:

  1. It would provide coverage for everyone (later revised down to “pretty much” everyone), and
  2. It would SAVE MONEY.

Obamacare would fix all of our ills, we were told. It was repeatedly touted as THE solution for savings in healthcare, ad nauseam.

I can’t stress enough: Obama himself repeated this time and again.

Whoops….:

President Obama’s national health care law will cost $1.76 trillion over a decade, according to a new projection released (on March 13, 2012) by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.

What a surprise: it’s doubled and it hasn’t even really kicked in yet. Which means that the costs are just getting started.

Am I concerned? Yes. Worried? You bet. Terrified? ………Not yet.

There are solutions aplenty which don’t require the shredding of our Constitution, and one example is happening before our eyes.

From the Wall Street Journal online:

In 1993, Augusta (Mainepassed coverage laws that resemble those that ObamaCare is about to impose nationwide: Insurers could only vary premiums within narrow bands regardless of age or health status, a regulation known as community rating. Four of Maine’s five insurers in the individual market stopped offering coverage and fled, and the state entered an insurance “death spiral” in which premiums don’t cover underlying medical costs. That leads to higher premiums, consumers dropping coverage as a result, and still higher premiums in turn.

Then the 2010 electoral wave carried in Republican Governor Paul LePage and a GOP legislature, and they took modest steps to deregulate the insurance market. Insurers are now allowed to sell policies for premiums that range from 3 to 1 on the basis of age, rather than the prior 1.5 to 1, and to offer incentives or discounts for consumers to choose high-value providers.

The state also created a reinsurance fund that taxes all health plans by $4 a month. If someone ends up requiring extremely expensive care, the fund picks up some of the costs, which means insurers can better manage their future liabilities and pass the savings on to individuals.

The returns are now rolling in for the new coverage that can be offered starting on July 1, and premiums are falling by as much as 69% for Maine’s dominant insurer, Anthem.

And the lesson to be learned from this?

“Maine learned the hard way that the most heavily regulated insurance markets are the most expensive. But the more ominous lesson out of Vacationland is for the 33 states that had the wit never to make the Maine-ObamaCare mistake. They’re the ones that are about to see premiums spike under the Affordable Care Act—perhaps by as much as 69%, and likely by far more.”

Our voices will be huge in this battle, boys n’ girls. The election this year will have so many factors at risk (judicial appointments, Obamacare, economy, defense, etc.,..) that I struggle to list even a fraction of them. Just remember that WE have the responsibility to act, to educate our neighbors and become a hub of knowledge for our peers.

We will determine the direction of our country: “forward” over the cliff, or do we demonstrate true progress:

“But progress means getting nearer to the place where you want to be.  And if you have taken a wrong turning, then to go forward does not get you any nearer. 

If you are on the wrong road, progress means doing an about-turn and walking back to the right road; and in that case the man who turns back soonest is the most progressive man.” — C.S. Lewis

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2 responses to “Obamacare: The Un-affordable Healthcare Act

  1. Pingback: Back in the news: “Obamacare and Death Panels” | Two Heads are Better Than One

  2. Pingback: “Unexpectedly”: #Obamacare costs to double, …or triple | Two Heads are Better Than One

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