OBAMACARE'S UNENDING FUNERAL DIRGE
Like a funeral dirge that will not end, spreading sorrow throughout the land, Obamacare continues despite every market reality that dictates it should not—only because this President and the Democrat leadership of the Senate refuse to admit that it is uneconomic, incapable of becoming so, and—were it not for the government—would be long buried by now.
This past week the Washington Examiner published results of a survey it conducted of insurance agents affiliated with the National Association of Health Underwriters in sixteen cities. The data gathered revealed that 7 of 10 doctors refuse to participate in the Obamacare exchanges. Moreover, health providers, including United Healthcare, Aetna, Cigna, and Coventry, are refusing to participate in the exchanges, and the nation’s top dozen hospitals, including Los Angeles’ Cedar-Sinai, New York’s Memorial Sloan Kettering, New York Presbyterian Hospital, are either refusing to accept any exchange policies or limiting acceptance to a scant one or two.
While providers are refusing to accept Obamacare insurance, many of those signing up are finding their premiums are going through the roof. Meanwhile, as some 5.5 million individually insured individuals discover that the President’s promise of a “fix” to his broken promise of insurance retention proves fictive, another 80 to 100 million, according to the American Enterprise Institute, will soon be notified in the Fall of 2014 that their employer based plans are being canceled.
Some 160 million employers presently insure their employees. Most of those are small businesses, and the vast majority of the plans held by small business do not comply with the Obamacare mandates on coverage. By the Administration’s own estimate upwards of 60% of small businesses will have to expand the insurance coverages paid for in order to qualify under Obamacare. For well over half of those employers, the new costs exceed affordability. They will have to drop the plans and force their employees onto the exchanges.
By every measure Obamacare is uneconomic. The inside-the-beltway policy planners who created Obamacare fell victim to what all architects of government planned economies do: They grossly underestimated costs, public reaction to policies they thought would be desirable but are not, and private response to mandates they thought all would celebrate but few are celebrating. An old hard and fast rule, learned well by communists in the former Soviet Union and in the Peoples Republic of China immediately before market reforms, confirms that planned economies always fail and almost always fail at enormous public expense. Obama has subjugated the largest consumer market, health care, but now that he has it under his thumb he finds that it responds more like water than like clay. He simply cannot expect free markets to react the same way slaves do to the master’s dictates.
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To achieve compliance, Obama has but one choice. He must orchestrate a complete government takeover of health care in America, something he lacks the political power to achieve. Were he to do so, the health care system he now harms, he would then destroy and replace with the kind of disastrous systems now operating in Canada and Great Britain. It just may be that America still appreciates the great power of free markets to uplift and enhance the standard of living for all, perhaps just enough to help bring about the ultimate political demise of Obamacare. We shall see, but for now the painfully long funeral dirge continues.
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