Yesterday Power Line posted an article about some of the early problems with Obamacare. The feature that is currently turning out to be not what it was supposed to be is the provision that provides for the care of people who are already sick who want to sign up for health insurance. The problem is twofold--no one is signing up and the program is proving to be much more expensive than initially thought.
The article reports:
"As to the first matter, the chief actuary of the Medicare program predicted earlier this year that 375,000 people would sign up for the new pool plans by the end of 2010. As of early December, only 8,000 people had enrolled.
"As to the second matter, the Post reports that in some states the "high-risk pools" are proving very costly. Thus, "it is an open question whether the $5 billion allotted by Congress to start up the plans will be sufficient.""
Didn't Nancy Pelosi say that the more we learned about the healthcare reform bill, the more we would like it? It seems as if the exact opposite is happening!
The article at Power Line concludes:
"At a minimum, I think the early experience with the high-risk pools foreshadows the unreliablility of key predictions made by Obamacare's supporters. Look for the serious overstatement of benefits and the serious understatement of costs to be a constant feature as the rest of Obamacare is rolled out (assuming no repeal)."
Sounds like a typical government program to me!
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