Posted on 04/03/2022 4:39:24 AM PDT by MtnClimber
Obamacare costs have more than tripled since its passage, according to a market observer. That's Joe Biden's 'big f---ing deal.'
This wouldn't exactly be news to anyone who has to buy Obamacare health care insurance...
But for perspective, here's the latest on the 2010 government health care takeover that had been so vaunted in the press as Your-Government-Here-To-Help: (tweet at link)
Tripled? We've got 7.9% inflation at last count, so this 'tripling,' even over the course of 12 years, with compounding increments, tops that.
So much for President Obama's claim that his signature health care bill would cut insurance costs and everyone would be so grateful and happy.
The archived White House website page had all the promises of rainbows and unicorns:
The Affordable Care Act, passed by Congress and signed into law by President Obama in March 2010, gives middle class families better health security by putting in place comprehensive health insurance reforms that will hold insurance companies accountable, lower health care costs, guarantee more choice, and enhance the quality of care for all Americans.
(Excerpt) Read more at americanthinker.com ...
Thanks J0e and Nanzi and Zer0.
Don’t forget Chuck-you Schumer and Hairy Reed.
Their fairy tales were based on lies then and now proven to be lies.
It doesn’t help that we have a chicken court and a feckless Congress that won’t kill the damn thing.
Don’t forget Obamacare created a government monopoly on student loans. Unpaid student loan debt is a trillion and half dollars with payments suspended. Thanks Obama.
Don't forget it was one Maverick RINO that saved its miserable life.
Yet his vicious spawn continues to harangue.
It cut costs, just not for us. It has cut insurance costs for the insurance companies. It's basically just catastrophic coverage now with those high deductibles. Insurance companies are making out like bandits. So yeah, Obama was right, it cut insurance costs. We all got screwed but insurance companies are saving lots of money.
Democrats, always on our side...
Stop trying to make our lives better please.
All Government Programs project low costs but rapidly become bloated and VERY EXPENSIVE!
Health Care
Obamacare Robs Medicare of $716 Billion to Fund Itself
Alyene / August 01, 2012
Last week, a new Congressional Budget Office (CBO) report updated the amount of money Obamacare robs out of Medicare from $500 billion to a whopping $716 billion between 2013 and 2022.
According to the CBO, the payment cuts in Medicare include:
A $260 billion payment cut for hospital services.
A $39 billion payment cut for skilled nursing services.
A $17 billion payment cut for hospice services.
A $66 billion payment cut for home health services.
A $33 billion payment cut for all other services.
A $156 billion cut in payment rates in Medicare Advantage (MA); $156 billion is before considering interactions with other provisions. The House Ways and Means Committee was able to include interactions with other provisions, estimating the cuts to MA to be even higher, coming in at $308 billion.
$56 billion in cuts for disproportionate share hospital (DSH) payments.* DSH payments go to hospitals that serve a large number of low-income patients.
$114 billion in other provisions pertaining to Medicare, Medicaid, and CHIP* (does not include coverage-related provisions).
*Subtract $25 billion total between DSH payments and other provisions for spending that was cut from Medicaid and CHIP.
In total, Obamacare raids Medicare by $716 billion from 2013 to 2022. Despite Medicare facing a 75-year unfunded obligation of $37 trillion, Obamacare uses the savings from the cuts to pay for other provisions in Obamacare, not to help shore up Medicare’s finances.
The impact of these cuts will be detrimental to seniors’ access to care. The Medicare trustees 2012 report concludes that these lower Medicare payment rates will cause an estimated 15 percent of hospitals, skilled nursing facilities, and home health agencies to operate at a loss by 2019, 25 percent to operate at a loss in 2030, and 40 percent by 2050. Operating at a loss means these facilities are likely to cut back their services to Medicare patients or close their doors, making it more difficult for seniors to access these services.
In addition, as MA deteriorates under Obamacare’s cuts, many of those who are enrolled in MA (27 percent of total Medicare beneficiaries) will lose their current health coverage and be forced back into traditional Medicare, where Medicare providers will be subject to further cuts. The Centers for Medicare and Medicaid Services chief actuary predicted in 2010 that enrollment in MA would decrease 50 percent by 2017, when Obamacare’s cuts were estimated at only $145 billion. Now that the cuts have been increased to $156 billion (or possibly $308 billion, as the Ways and Means Committee estimates), MA enrollment will surely decrease even further.
But Obamacare’s raid of Medicare doesn’t stop with cuts; it includes a redirection of tax revenue from the Medicare payroll tax hike in Obamacare. The payroll tax funds Medicare Part A, the trust fund that is projected to become insolvent as soon as 2024. Obamacare increases the tax from 2.9 percent to 3.8 percent, which is projected to cost taxpayers $318 billion from 2013 to 2022. However, for the very first time, Obamacare does not use the tax revenue from the increased Medicare payroll tax to pay for Medicare; the money is used to fund other parts of Obamacare, much like the $716 billion in cuts are.
With a raid on Medicare of this magnitude, President Obama’s assertion that his new law is protecting seniors and Medicare is astonishing. The truth is that Obamacare does the opposite.
Alyene Senger focuses her research and writing at The Heritage Foundation on the intricacies of health care as a policy analyst in the Center for Health Policy Studies. Read her research.
https://www.dailysignal.com/2012/08/01/obamacare-robs-medicare-of-716-billion-to-fund-itself/
No kidding. If I want my life to be better, I’ll do it myself!
It was Olympia Snowe’s vote to move Obamacare out of committee that was crucial.
Don’t forget McCain’s thumbs down on repeal.
And FOXTROT JULIET PRAVO WANTS TO TAKE AWAY VA CARE FOR THE ILLEGAL HORDE CROSSING OUR BORDER.
"Politico piously claims for Biden:
'Equity, for instance, is also about cost, coverage and quality. And cost, coverage and quality are also about equity.'"
Is Kamala now writing for Polutico?
And on top of all that, it makes going to the doctor like a visit to the Gestapo.
Between myself and taking relatives i assist, I am in medical offices very often. I also work in a medical. And the questions, tests, records, is insane.
The medical staff are slaves and agents to the gov control of you life.
They read off the screen and carefully record each interrogation question each and every visit, even if in same month.
Your whole health care plan is from the government computer system software requirements. And your “refusals” of things are very promptly addressed and marked. Like clotshots.
The plan I “liked and could keep” is nearly 800 a month with an 8000 deductible. We have a whopping one provider in my county and the only clinic they pay for (after the 8000 dollar deductible) is 30 miles away. Much cheaper to just pay cash at the local walk in clinic. Thanks democrats. You’re the bestest most smartest ever.
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