An Ol' Broad's Ramblings
The Patient Protection and Affordable Care Act, a.k.a. Obamacare, is to the law of unintended consequences what Newton’s apple was to the law of gravity: the illustration that bonks us on the head with its obviousness. Practically every week since its passage has added a new dimension of mirth to Nancy Pelosi’s punchline for the ages, that we had to pass the bill to find out what is in it. Out of the mouths of babes and clueless politicians . . .
And her chuckling proves, once again, the jokes’ on us. Well, quite a few, but not all of us. There were many out here in cyberland who warned, shouted it from the rooftops, but were we listened to? Of course not. We’re just the unwashed masses. The “Homer Simpsons“.
The Democrats will rail in reliably demagogic fashion about the evil insurance fat cats boosting their profits, but consider this: Those losses would be passed on to health-care consumers in the form of higher premiums and reduced benefits, meaning that the mandate to cover those with pre-existing conditions will function as a tax on other insurance consumers, and those who were responsible enough to buy insurance before they got sick will be punished to bail out those who were not similarly responsible.
I bought health insurance long before I ever had any health issues. It’s just common sense. You know the old adage, “An ounce of prevention is worth a pound of cure.” Well, that’s quite true. You may never need it, but it’s a REAL good idea to have it, just in case. I’ve already seen my premiums go up, as have most folks. I don’t have one of those ‘pay for everything’ type policies. I have a catastrophic policy. Which means, in case you don’t know, I actually PAY for my doctor’s visits. In full. Did you know that most doctors will charge LESS for a visit if they don’t have to file an insurance claim? Sometimes, it’s up to 50% less. If you’re old enough to remember, EVERYONE use to pay for their own doctor’s visits, and shots, and blood tests, etc. It was a WHOLE lot cheaper. Yes, the cost of everything has gone up over the years, but can you imagine if we didn’t have to pay for everyone else’s doctor visits too? How much would the cost come down? We also had something called Hospitalization. For anything that required a hospital stay, the insurance company paid 80%, you paid 20%. Along came HMOs. Another one of those Democrat ‘bright ideas’. Costs went up dramatically!
Democrats of late have spent a lot of time engaged in televised scoffing at the idea that regulatory uncertainty is a major cause of our current economic malaise. They would do well to consult the insurers whose businesses they are attempting to micromanage. WellPoint had this to say about its decision to discontinue child-only policies: “Unfortunately, there remains a great deal of uncertainty as to how the rules will be implemented and what the impacts might be on participating insurers.”
Once again, the socialists in Congress prove they have NO clue what they are doing. Or, perhaps, they know exactly what the consequence will be on the public, including the companies that take all the risks, and their intent is to destroy the economy, thinking they will step in as the “white knight” and save the day. Create chaos, step in and claim it’s the other guy’s fault, and propose solutions to ‘fix” the problem, steal money from hard working families, and say “You have to give it more time!” sigh….
Dozens of new taxes, regulatory beasties, and unlovely business outcomes have cropped up since the bill was passed. Meanwhile, the Democrats have declared war on financial reality, blasting insurance actuaries for the crime of consulting the actuarial tables when it comes to pre-existing conditions. And who can forget Rep. Henry Waxman’s fit of rage inspired by the fact that corporate accountants were following the rules of corporate accounting, inflicting massive writedowns on scores of struggling American companies forced to adjust their balance sheets to reflect the new costs and liabilities Obamacare inflicted on them?
The Democrats created a dependent society. They are obviously so incompetent it makes ones head spin. When those who can actually add and subtract numbers call them out, what is their reaction? Sputtering blame. I wonder….have any of those who pushed this massive tax/health bill down America’s throat ever balanced a check book? I’ll put it in real simple terms: You have X amount of dollars coming in on a monthly basis. You have X amount of bills. You subtract the bills from the income, and hopefully, you’ll have some left over for food. If you can’t afford steak and lobster with the left over funds (AFTER socking away some for a ‘rainy day’), you buy beans. You don’t go to the grocery store and fill your basket with a lot of high end items, write a check, and expect the next guy two places back in line to pay for the overdraft fees.
You wouldn’t think this was so complicated, would you.