Posted on 06/21/2011 4:49:46 PM PDT by neverdem
PricewaterhouseCoopers, a professional services firm created in a merger that destroyed several spaces and capital letters, has just issued their forecast for the future of America under ObamaCare. The Heritage Foundation provides a summary of the results. It’s not pretty.
The important thing to remember about ObamaCare is that the past two years have been its salad days. The really hideous damage is still on the way. Thousands of jobs destroyed, health care costs rising, rampant corruption through the waiver program… and it’s just getting warmed up. This baby hasn’t even popped out of first gear yet.
What does PricewaterhouseCoopers see ahead for us? Health care costs continue to rise at an accelerating pace, from a 7.5% increase in 2010 to 8.5% in 2012. As Heritage’s Margot Crouch notes, this is the exact opposite of the promises made by President Obama.
But wait, that’s not all! “Even steeper rises in the cost of private insurance are possible, due to ObamaCare’s reductions in Medicare payment rates and its expansion of the Medicaid program,” warns Crouch. That’s because private parties have to make up the difference when those programs pay less.
The chief actuary of Medicare thinks “15 percent of hospitals, skilled nursing facilities, and home health agencies” will become unprofitable by 2019. What happens to unprofitable businesses again? I mean, after all the bailouts have been exhausted? What will the health care industry look like in eight years, when at least fifteen percent of the providers are gone?
The really awful news is PWC’s projection of employer reaction to ObamaCare’s crushing mandates. Their survey shows “nearly half of employers will drop their coverage, dumping employees into the government-run exchanges.” Also, “four out of five employers will make changes to help cover new costs under ObamaCare, including raising premiums, deductibles, and co-payments.”
So much for “if you like your plan, you can keep your plan.” The tidal wave of people slamming into the federal exchanges will become a nuclear deficit explosion. We’ll all be able to look back at the charlatans who claimed ObamaCare would be deficit-neutral, and the simpletons who believed them, and laugh through our tears.
“The negative consequences of ObamaCare’s changes will be threefold: higher costs for those with employer-sponsored coverage; a greater debt burden on current and future taxpayers; and slower growth in job creation and the overall economy,” Crouch concludes. In other words, precisely the things ObamaCare critics said would happen. ObamaCare critics will go down in history as the most thoroughly vindicated group to ever pick up a keyboard.
Remember that every single politician who opposes the complete repeal of ObamaCare is willfully and knowingly condemning you to the future PricewaterhouseCoopers projects. Ignorance and fantasy are no longer excuses, and never should have been.
bookmark
And we are dealing with at least 45 percent of the voter population that are dumb as a box of rocks. Most have been living on handouts for so much of their lives that any attempt to make a living working is out of the question.
Bookmarked
A recent news article stated that 47% of Detroit residents are functionally illiterate. Why bother learning to read or educate yourself when the gubmint will step up and give you everything? Why would you ever vote for anything else?
I’m so disgusted.
I’d like to see some reporting/analysis on the number of medical students walking away from their fields rather than enduring 11 years of college/med school and the massive debt of a medical degree because of Obamacare.
BTTT
bump
I’ve tried to explain some of these things to liberals, but they will not listen. One person, in particular, is a lifelong friend that I see occasionally, and we got into it over obamacare.
Liberals will not even READ an opposing point of view.
At a Townhall on Saturday, I asked my Congressman for an honest answer to ‘CAN we stop Obamacare’? He dodged the question. I am so depressed.
A friend of ours has a son in medical school, and he's very worried about obamacare.
Time after time, conservatives are proved to be right. Time after time, they are labeled as extremists, Neanderthals and mean spirited haters of old folks and young children. None of this report is a surprise to anyone who seriously looked at Obamacare.
He needs 21% unemployment to get back in. He will then go after the unemployed vote with handouts of meager pittances to desperate morons.
Liberals are the enemy, they will destroy all your wealth and with Obamacare, they may even be responsible for killing you.
Everything Obama has done is bad for America: Blocking Oil drilling, open borders, Libya, money for Muslim Brotherhood in Egypt, demanding Israel go to pre-1967 borders. There is nothing this clown wants that is good for America.
Obama and Pelosi pulled every trick to pass this monstrosity, Pelosi because she's a useful idiot; Obama because he is a Muslim plant. It makes no difference if you believe Obama is really trying to destroy America, it is only important that you realize this clown has to go and go soon.
America cannot survive having this traitor in office.
Glenn Beck had a panel of Doctors on to discuss ObamaCare, all the Doctors were opposed to it except, wait for it..............
Surprise, the current Med Students.
Nay, the rocks are smarter
You and I know this, but liberals don't. A relative of mine watches Jon Stewart every single night, and he thinks obama is just fine.
Ping
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