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June 22, 2011
The Looming ObamaCare Disaster You Ain’t Seen Nothing Yet
The Looming ObamaCare Disaster You Ain’t Seen Nothing Yet
by John Hayward
PricewaterhouseCoopers, a professional services firm created in a merger that destroyed several spaces and capital letters, has just issued their forecast for the future of America under ObamaCare. The Heritage Foundation provides a summary of the results.
It’s not pretty.
The important thing to remember about ObamaCare is that the past two years have been its salad days. The really hideous damage is still on the way. Thousands of jobs destroyed, health care costs rising, rampant corruption through the waiver program… and it’s just getting warmed up. This baby hasn’t even popped out of first gear yet.
What does PricewaterhouseCoopers see ahead for us? Health care costs continue to rise at an accelerating pace, from a 7.5% increase in 2010 to 8.5% in 2012. As Heritage’s Margot Crouch notes, this is the exact opposite of the promises made by President Obama.
But wait, that’s not all! “Even steeper rises in the cost of private insurance are possible, due to ObamaCare’s reductions in Medicare payment rates and its expansion of the Medicaid program,” warns Crouch. That’s because private parties have to make up the difference when those programs pay less.
The chief actuary of Medicare thinks “15 percent of hospitals, skilled nursing facilities, and home health agencies” will become unprofitable by 2019. What happens to unprofitable businesses again? I mean, after all the bailouts have been exhausted? What will the health care industry look like in eight years, when at least fifteen percent of the providers are gone?
The really awful news is PWC’s projection of employer reaction to ObamaCare’s crushing mandates. Their survey shows “nearly half of employers will drop their coverage, dumping employees into the government-run exchanges.” Also, “four out of five employers will make changes to help cover new costs under ObamaCare, including raising premiums, deductibles, and co-payments.”
So much for “if you like your plan, you can keep your plan.” The tidal wave of people slamming into the federal exchanges will become a nuclear deficit explosion. We’ll all be able to look back at the charlatans who claimed ObamaCare would be deficit-neutral, and the simpletons who believed them, and laugh through our tears.
“The negative consequences of ObamaCare’s changes will be threefold: higher costs for those with employer-sponsored coverage; a greater debt burden on current and future taxpayers; and slower growth in job creation and the overall economy,” Crouch concludes. In other words, precisely the things ObamaCare critics said would happen. ObamaCare critics will go down in history as the most thoroughly vindicated group to ever pick up a keyboard.
Remember that every single politician who opposes the complete repeal of ObamaCare is willfully and knowingly condemning you to the future PricewaterhouseCoopers projects. Ignorance and fantasy are no longer excuses, and never should have been
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Wild Thing's comment........
And we are dealing with at least 45 percent of the voter population that are dumb as a box of rocks. A recent news article stated that 47% of Detroit residents are functionally illiterate.
Time after time, conservatives are proved to be right. Time after time, they are labeled as extremists, Neanderthals and mean spirited haters of old folks and young children. None of this report is a surprise to anyone who seriously looked at Obamacare.
Liberals are the enemy, they will destroy all your wealth and with Obamacare, they may even be responsible for killing you.
Everything Obama has done is bad for America: Blocking Oil drilling, open borders, Libya, money for Muslim Brotherhood in Egypt, demanding Israel go to pre-1967 borders. There is nothing this clown wants that is good for America.
Obama and Pelosi pulled every trick to pass this monstrosity, Pelosi because she's a useful idiot; Obama because he is a Muslim plant. It makes no difference if you believe Obama is really trying to destroy America, it is only important that you realize this clown has to go and go soon.
America cannot survive having this traitor in office.
Posted by Wild Thing at June 22, 2011 04:50 AM
Comments
What was said by the Administration was telling, when someone complained about the cost he was told to take a pay cut and he wouldn't have to pay so much into this.
So in order to get affordable care, you give up some of your earnings, which helps put more stress on your family, so maybe you can be covered. But then there is all the little nuances of this plan, starting with Seniors get too old and you are shipped out to a Death panel, for arbitration to determine how much longer you will live, or the hip replacement Grandma needs will not occur because at her age, her quality of life isn't worth the cost, so they give her a pain pil or a pain pump just to keep her comfortable. Everybody's included, just depends on who is pulling the strings, which one of these perverted bureaucrats who decide your particular fate.
Joesoph Mengele looks tame compared to whats instore of us.
Posted by: Mark at June 22, 2011 07:42 AM
Mark, well said, thank you so much.
I agree too what you said about Mengele.
Posted by: Wild Thing at June 22, 2011 05:41 PM
I think that you are wrong about the numbers of people who will back Obama. It takes somebody with a lot of guts to say "You Lie!"
Now if we can keep the Dems from stuffing every ballot box then they loose.
Posted by: Avitar at June 23, 2011 05:23 AM
I think that you are wrong about the numbers of people who will back Obama. It takes somebody with a lot of guts to say "You Lie!"
Now if we can keep the Dems from stuffing every ballot box then they loose.
Posted by: Avitar at June 23, 2011 05:23 AM
