The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Retire Early CampFIRE


Subject:  Re: Obamacare is crumbling my friends Date:  3/23/2013  11:49 AM
Author:  CCinOC Number:  675625 of 878755

I checked each allegation.

OwebamaKare is being rolled back of its own volition. It's falling apart before our eyes. The long-term care insurance program known as the CLASS ACT was deemed financially unworkable and shut down by the administration’s own actuaries.

Taxpayer-funded health care cooperatives never got off the ground and were shut down in the fiscal cliff deal.

Last month the federal Pre-Existing Condition Insurance Plan stopped accepting enrollment applications.

This week 79 U.S. senators, including 34 Democrats, voted to repeal the law’s medical device tax.

Premiums in the individual and small group markets could spike as much as 116 percent next year.

The wheels are already wobbling and the worst is yet to come.

The exchanges at the heart of the new OwebamaKare entitlement are slated to be up and running for open enrollment beginning October 1. Millions of Americans will be dumped into these exchanges by employers dropping coverage and millions more will be forced to enter the exchanges by the individual mandate. But will there actually be functioning exchanges for them to go to? Maybe not.

OwebamaKare was written to incentivize states to do the heavy lifting of setting up and running the exchanges, which are administratively and technologically complex. The deadline for states to make their intentions known regarding the exchanges was December 14, and 26 states have now refused to set up state-run exchanges. Looking at the proposed regulations and long-term operating costs, they said no thanks and chose to let the feds try to administer their own mess. And the states that did choose to play ball weren’t able to make much progress because the Owebama administration stalled key regulations until after the election. Now the feds are rushing to get the exchanges ready.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us