Brace for Impact..."Here it Comes!"

Brace for Impact..."Here it Comes!"

Posted in the Weird Forum

“"*" Always Thinking "*"”

Level 8

Since: Nov 12

Greensburg, IN

#1 Oct 27, 2013
(ObamaCare ALREADY Detonating)
October 26, 2013 // By: Karl Denninger
This is (thus far) anecdotal, but if it plays out anywhere near what I’m hearing reports of this law is done and so is the Federal and State budget process.
Specifically, I am hearing that of the (few) people who have managed to actually (1) create an account on the federal health care system exchanges and (2) go through the process nearly all of them are winding up referred to Medicaid. What’s nearly all? There are reports that it is in the 90% range in many if not most area!
Got that? Almost none of the so-called “enrollees” are actually paying customers.
What’s worse is the rest of the screwjob that is being foisted off on those who do look at the plans — there is further (anecdotal, again, as this information is extremely hard to find) evidence developing that the “in-network” lists — that is, which doctors and hospitals are “accepted” by these plans are effectively identical to the choice that Medicaid patients have – in other words, half or more of the medical facilities and physicians, including probably your current doctor, will not accept these plans.
Between these two points calling this a “revolution” in health care may be rather correct but not in the way that Pelosi, Reid and Obama intended. Rather it may cause quite the other sort of revolution for two reasons:
•It appears that it is going to instantly detonate State and Federal budgets, even among those states that did not “expand” Medicaid (many states rejected that attempted expansion) because it is going to flood the existing system with new enrollees, many of whom will immediately use their “free” services.
In short there is effectively nobody signing up who is going to be a net payer of premium into the system from a statistical point of view.
The inbound tsunami that is going to come ashore in both Federal and State budgets, not to mention the outrageous premium ramps that will appear in Year #2 for Obamacare if enrollment continues to look anything like it is today will detonate our economy.
Obama and the Democrats cannot blame this one on the Republicans — or George Bush. They own this crapfest; it is now apparent that a classmate of Michelle Obama is an executive at the company given the no-bid $675 million contract to build the non-working federal exchange that is largely responsible for this cluster****.
So we have Solyndra in Health Care, an utter and complete waste of money, but unlike Solyndra which was just a siphon of good funds to cronies of the President this is far worse because it has stomped into the ground what little capitalism remained in the health care sector.
There is only one way to fix this crap — repeal Obamacare immediately and in the same legislative act pull all of the monopoly protections in the health system by (1) making CON laws or any other machination that restrains trade per-se unlawful and violations of The Sherman Act,(2) repealing any other law giving similar “protections” to other parts of the health and insurance industry.
I have been pounding the table on this since 2009 when “Health Reform” was first proposed. Many have said that I was nuts, and that what Obama proposed and got passed would work and lower costs.
We now are seeing the first pieces of evidence that not only will it not work it will destroy our medical system and both state and federal budgets if it is allowed to continue.
- See more at:

“Take me to your kitchen”

Level 6

Since: Sep 12

Location hidden

#2 Oct 27, 2013
You're preaching to the choir Brother Billy.

Level 5

Since: May 13

Location hidden

#3 Oct 28, 2013
Nothing has happened...this is a lot of hype.


Level 8

Since: Mar 11

Rockin' USA ;)

#4 Oct 28, 2013
Promises, Promises... Pass the Popcorn..WHEN the Show Starts.. FELLA...

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