Private Insurance Rates Skyrocket Under Obamacare; Federal Rates Not Available Until After Election Day2
October 20, 2014 by JImbo
The next time someone tries to tell you that Obamacare “brought insurance costs down” you can laugh in their face.
The rates aren’t “down.”
They are MUCH higher, rising even higher than they were before Obamacare.
At the same time, doctors are dropping out of Obamacare plans at an increasing rate due to low reimbursement payments and a ton of more government paperwork. The combination of the two makes it simply unprofitable to take patients with an Obamacare plan.
I’ve seen it anecdotally every day at work, as I work with Medicaid folks. Fewer and fewer doctors around here take it. Most of those who are on plans were previous patients. Virtually no new patients are being taken.
Now I see it’s happening nationwide. Fewer doctors and more patients is going to mean more rationing, longer lines, and less health care per person. It has to. That’s simple math and physics, let alone economics.
The only thing that’s allowing the Administration to make outrageous “lower consumer costs” claims is that the plans are HEAVILY TAXPAYER SUBSIDIZED. Well hell, we could have done that WITHOUT Obamacare. Just write everyone a check for a thousand bucks and we’d be farther ahead!
We won’t truly FIX this problem until we get a free market solution with government subsidies. Health Savings Accounts for every person to spend each year (if you don’t spend it, you keep it for the next year, etc)
That’s for the everyday doctor visits, check ups, etc.
Then a strictly high-deductible, catastrophic care insurance for high-end stuff (heart attacks, etc… big-ticket items.)
You don’t use your car insurance to pay to change your oil. Similarly, health insurance shouldn’t be for minor medical issues.
There is way too much fraud, waste and abuse out there. Never mind corruption. This would fix the whole mess for VERY little cost and VERY cost effective care.
Preserving the competitive environment will further increase the quality of care, as well as foster innovation and technological development.