He wants the healthy young to buy the health insurance exchange insurance policies in order to pay for the sick. He wants to prevent Obamacare’s failure.
His speeches are political. They have little substance and are loaded with disinformation and hyperbole.
The campaign is a political ploy to blame the Republican Party for Obamacare’s impending failure.
Last week Harry Reid said he has to increase taxes by another trillion dollars. This increase will make the economy worse, not better.
When is the public going to learn that socialism doesn’t work? Taxing and spending does not improve economic growth. Socialism and increased taxes stifle innovation and productivity.
I think it is time for a couple of Ayn Rand’s truisms as they apply to Obamacare. Men pursue their vested interests. They resist being forced to follow orders that contradict their vested interests. The key in any system success is to align all the stakeholders’ vested interests. Obamacare does not achieve this goal.
Where there's service, there is someone being served. The man who speaks to you of sacrifice is speaking of slaves and masters, and intends to be the master.
America is going through a period of time where it is evident that something is wrong. Americans and the traditional media are keeping our eyes wide closed.
Peggy Noonan said it in a paragraph in this weekend's blog.
"One irony here is that the Obama White House, always keen to increase the reach and power of government, also seems profoundly disinterested in good governing. It is strange. The long-term project of liberalism involves encouraging the idea of faith in government as a bringer or guarantor of greater justice. But who needs more government if government works so very badly, and is in its operations unjust?"
"This White House is careless with the reputation of government. They are a campaigning organization, not a governing one."
Ayn Rand goes on to say,
A problem occurs when constituents finally realize government is not defending its vested interests. Change is demanded.
Americans are finally waking up.
We have seen this phenomenon in my last two articles when I wrote that unions and hospitals finally realized that Obamacare does not serve their vested interests.
This is also the reason Aetna decided to not sell healthcare insurance policies in the California’s health insurance exchange.
Aetna did not comment on the reasons it is dropping out of the individual market in California.
“A company spokeswoman declined to comment about the reasons for Aetna's individual-business withdrawal.”
The dominos are starting to fall as more healthcare insurers realize what is going on.
“Aetna isn't one of the 13 insurers participating in the California state's new consumer insurance marketplace set to launch this fall under the federal law.”
“Like several other major national carriers, it has said it would join only a limited number of these exchanges. A carrier can still offer consumer plans without being in the exchange.”
President Obama and other supporters argue that the health insurance exchange is a success because it is encouraging competition and pushing down prices. It is not true.
“Insurance-industry experts say similar moves by other carriers in other states may emerge in coming months, as companies with limited market share decide to avoid the uncertainty tied to the law's changes.”
The Obama administration’s concept of competition and price reduction is tenuous. President Obama and other CMS official keep saying that healthcare insurance prices will decrease.
The healthcare insurance industry originally calculated it would make a killing by selling insurance through the healthcare insurance exchanges.
As the rules and regulations for health insurance exchanges are slowly rolled out by the administration is it clear to the health insurance industry they could get killed by selling insurance in the health insurance exchanges.
The addition of a 3.5% tax on each policy sold is enough for the insurance industry to realize the health insurance exchanges will cause them to lose money.
These surprises do not serve the vested interests of the healthcare insurance industry.
The Obama administration keeps announcing that health insurance exchanges are decreasing healthcare premiums.
The public and businesses are experiencing double-digit increases in healthcare insurance premiums since Obamacare was passed.
The reason is clear. The increases are the result of all the additional benefits President Obama brags about in his public relations campaign.
Obamacare contains community ratings for pre existing illness and parental insurance for young adults under twenty-six.
These are important policies. The problem is it leads to an increase in premiums for everyone.
Healthcare premiums have already increased 20- 30% since the passage of Obamacare. BlueCross Blue Shield of Tennessee just announced,
“BlueCross BlueShield exec warns of health care cost ‘explosion.’
A healthcare Insurance CE0 told a business group at the Nashville Area Chamber of Commerce that health care reform will cause “a lot of disruption in the marketplace.”
The premium hikes will be needed to offset new taxes on insurance payers such as his, he said.
“Details on the plans being offered on the exchanges, including affordability, aren't yet known, but John Maki, vice president of regional sales at BlueCross BlueShield of Tennessee, said the company is looking at offering traditional PPO plans, HSA-compatible plans and several other "unique plan designs."
Only two commercial carriers have applied to sell health insurance on Tennessee's new federally run insurance exchange. They do not know if their submissions will be accepted. The deadline for submission by other companies has passed.
Meanwhile, a New York Times editorial is conditioning Obamacare fans as to who is to blame for the failure of the health insurance exchanges. The Times is putting the blame squarely on the shoulders of the Republican Party.
“To their shame and discredit, Republicans are trying to block efforts to inform people about the law and are using scare tactics to keep them from enrolling.”
This is a typical Obama administration tactic to blame the other guy for the impending failure of its policy.
Obamacare is failing under its own weight and the administration’s inability to implement the law.
The New York Times goes on,
“The Republican mantra is that the nation will face economic and medical catastrophe — a “train wreck,” they say — unless health care reform is stopped in its tracks.”
Obamacare is a train wreck. Max Baucus Senator Democrat from Montana and author of Obamacare and head of the finance committee said it.
“Top officials in Ohio and Indiana who oppose the law have issued dire, misleading forecasts — roundly debunked by analysts — that the law will raise premiums to astronomical levels.”
“roundly debunked by analysts” This is not true. The Obama administration’s analysis is biased and selective. By stating the analysis as a fact the New York Times’ editorial board is expressing their bias without facts.
The New York Times is once again acting as a shill for the Obama administration. The New York Times is misleading the public.
Obamacare is a bad law. It does not align any of the stakeholders’ vested interests. All the stakeholders are starting to realize it.
The opinions expressed in the blog “Repairing The Healthcare System” are, mine and mine alone
Please have a friend subscribe