except it appears the wheels aren’t round!
Not one of its major programs has gotten started, and already the wheels are starting to come off of Obamacare. The administration’s own actuary reported on Thursday that millions of people could lose their health insurance, that health-care costs will rise faster than they would have if the law hadn’t passed, and that the overhaul will mean that people will have a harder and harder time finding physicians to see them.
Medicare Chief actuary Richard Foster is probably going to looking for a new job soon. His report includes the following highlights…
- People losing coverage
- Huge fines for companies
- Higher costs for consumers
- A program created to fail
- Spending increases
- “Free riders”
- Spending reductions are fiction
- You can’t keep your doctor
- Coverage but no care
The article concludes…
Obamacare is far from settled policy. There are two more federal elections before the major provisions of the law take effect in 2014. Doctors are fighting mad, patients are scared, and companies are starting to realize that the promises of health-care-reform legislation could turn into a huge and costly burden.
The studies released today only fuel the fires to repeal and replace the health-overhaul law.
Let’s hope the author, Grace-Marie Turner, is correct. Of course, this is a problem tailor made for a continuous stream of legislative bandaids.
Here’s the link to the original report, Estimated Financial Effects of the “Patient Protection and Affordable Care Act” as amended.
h/t to Instapundit.
