Wednesday, June 30, 2010

90 Days And The Obamacare Spill Is Worse Than Ever

My partner in crime (at least as far as this blog is concerned), recently posted a wonderful article from which you should definitely read Later. The article was about six laws that looked good on paper but were insane in reality. Cracked completely missed the boat, in my humble opinion, by not including an incredibly obvious seventh law.

Last Sunday not only marked the 48th anniversary of me first poking my head out and checking out this drafty, noisy, stinky (but oh so beautiful) world, it also marked the 90 day anniversary of the passing of Obamacare. Why is that significant? Well, for one, at 90 days out, exactly Zero feet of boom and not one drop of dispersant had been allocated to contain this monstrously bad piece of legislation. The more salient point would be that at 90 days, the high risk pools for those with pre-existing conditions were to be up and running.

As I glance around, I see no pools. There are no pools for the conditions that pre-exist. The chronically ill have no insurance pool to dive into. That is decidedly unrefreshing! No high risk pool for you, oh existent of the pre condition! When asked, Kathleen Sebelius, Secretary of Health and Human Services was reported to have replied, "uhhhhhhhhhhhhh ". (You can quote me quoting her if you would like).
For an Obama appointee, I think her response ranks in the top three most coherent responses given by any member of Obama's troupe of minstrels and jesters.

Sebelius gave a similar response when confronted with the fact that, according to the Congressional Budget Office (CBO), Obamacare's high risk pools are evidently going to cost $5 to $10 BILLION dollars more than originally anticipated. Oops. That means only a fraction of the twelve million uninsured with pre-existing conditions will actually receive the coverage they were promised. Richard Foster, Medicare’s chief actuary, (the guy Really good at counting stuff) says that with Obamacare's stated funding, the high risk pools would be broke within 24 months.

Recap! Pools were promised but never formed and even if they had been, they would only provide coverage to a small percentage of those they were promised to, for less than 24 months, then the pools that never existed to begin with will cease to exist. I think I actually kept up with myself there.

I can't wait to see what else this law contains now that it has passed. It is my most sincere hope that the rest of the provisions of Obamacare are implemented with the same impact as this "top priority" phase.


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