The article reminds us of some of the promises made when ObamaCare was passed:
“We will lower your premiums by $2,500 per family, per year.”
“…save a typical family an average of $2,500 on their healthcare costs…”
“Everybody will have lower rates.”
Well, it just hasn’t worked out that way. There will be an average health insurance rate increase of 13.2 percent for Floridians who buy healthcare insurance on the individual market next year.
Those who supported ObamaCare also told us that ObamaCare would bend the ‘cost curve’ of overall health spending downward. That hasn’t happened either. The projected ten-year cost of ObamaCare has nearly doubled from its original estimated cost. It has followed the path of other government programs over the years–cost more, solve fewer problems.
To add to the mess, the Washington Examiner posted a story yesterday about a government healthcare program started in California as part of the economic stimulus package.
The Washington Examiner reported:
“We need to bundle payments so you aren’t paid for every single treatment you offer a patient with a chronic condition like diabetes, but instead paid well for how you treat the overall disease,” Obama told the crowd of physicians.
Obama was articulating what would become one of the key payment reforms in his health care law — a proposal aimed at giving incentives to providers to control costs by rewarding them for providing less expensive care.
But a study published in the journal Health Affairs looked at an ambitious three-year pilot program of bundled payments in California that was funded by a $2.9 million grant from Obama’s 2009 economic stimulus package — and found that the program was such a massive failure, it could hardly get off the ground.
“In spite of a high level of enthusiasm and effort, the pilot did not succeed in its goal to implement bundled payment for orthopedic procedures across multiple payers and hospital-physician partners,” the study reads. “An evaluation of the pilot documented a number of barriers, such as administrative burden, state regulatory uncertainty, and disagreements about bundle definition and assumption of risk. Ultimately, few contracts were signed, which resulted in insufficient volume to test hypotheses about the impact of bundled payment on quality and costs.”
Can we please get the government out of our healthcare and let the people who actually know something about it run it?