Wednesday, July 7, 2010

Obamacare Beta

The picture to the left depicts what Obamacare promises. The picture below shows what it will deliver. How do I know? There is already a beta out there for all to observe and the results thus far aren't pretty.

The headline of this WSJ article is "The Massachusetts Health-Care Train Wreck" and it is very descriptive of what is happening as the health-care program that President Obama has called "almost identical" to his own unravels. Already, 3 of the 5 biggest non-profit health insurance companies are under financial oversight due to losses, which total $116 million. The politicians response: deny rate increases and "order" them to provide services below cost. Any guesses on how long this will last? They are also contemplating ordering doctors to participate in a state system that regulates what doctors can charge as a condition of getting a medical license in Massachusetts. Any guess where doctors won't stay? Now you see the imperative for national health care - you eliminate places where doctors can go to practice and they have to participate in your state-controlled system. Of course, they can't make doctors practice or bright people go to medical school, which will be the very predictable next step by the docs and in the deterioration of the American health-care system.



online.wsj.com/article/SB10001424052748704324304575306861120760580.html?mod=WSJ_Opinion_LEADTop

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