Tuesday, May 05, 2015

OBAMACARE DILEMMA

When it was originally in the process of being touted to skeptical Americans, one of the many propositions being put forth by the framers was that in the process of guaranteeing health insurance to millions of uninsured Americans, the number of visits to hospital emergency rooms would decrease.  News is now out that the actual number of visits to the ER have increased. 

Nearly half of the 17 insurance marketplaces set up by the states and the District under President Obama’s health law are struggling financially, presenting state officials with an unexpected and serious challenge five years after the passage of the landmark Affordable Care Act.  H&R Block now figures that two-thirds of ObamaCare enrollees who got subsidies had to pay at least some of it back. And the average payback was $729. So roughly 5.5 million ObamaCare enrollees had to return, on average, almost a quarter of their premium subsidies. There may be just $1 in the piggy bank to cover every $10 in claims at an Obamacare program designed to spread risk among insurers, Standard & Poor’s says.

But, to hear Obama and his entourage talk about it, everything is soooo... rosy.   They insist that not only is ObamaCare working, but that it is proving critics wrong.  "We're not to blame," they trumpet.  Increasingly, however, their music is playing on deaf American ears. 


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