The American Medical Association claims to represent doctors. But it is very much part of the crony coalition which put together the broad outlines of Obamacare in meetings inside the White House. In return for going along with the government, the association receives most of its funding from a medical coding monopoly granted and protected by the Department of Health and Human Services.
It’s offered by The Institute for Healthcare Improvement.
It was already pretty dim for anyone who understands how insurance works. I used to be an insurance underwriter (property and casualty, not health) and I’ve been wondering since the beginning how anyone thought Obamacare was going to work. The risk size versus the pool of insureds doesn’t make sense. If insurance companies can’t adjust for risk (which for the most part they can’t under Obamacare) what bizarro mathematics is going to save this ill-conceived juggernaut of bureaucratic bull?
There is a small part of the US population which clings to the dream of “single payer,” that is solely taxpayer funded healthcare. The belief is that everyone will be covered without so much as a co-pay (God forbid) and that the quality of care will be equivalent to what one can expect in the United States now. (Which could be much better.) Yes, because we are America, suddenly economic reality will be suspended and everyone will be treated without any prices to guide treatment. Just let the state handle everything (It handles too much now, that’s why healthcare is so expensive, not the “profit motive.” We have a crony healthcare system and have had one for decades.) and no problem because everything the government touches is done so well.
Healthcare rates are going up for many people in 2015, and the White House is afraid that people will be unhappy about this. So unhappy that Democrats might be punished at the polls. But if health insurers keep their rates artificially low through the elections new rules unveiled recently by the administration will make sure the giant insurance companies won’t lose any money.
A recent Brookings Institution study determined that the US is at its least entrepreneurial in decades. Companies are dying, and new companies are not coming online fast enough.
Now he says something.
This graphic comes out every year and I still find it fascinating. (And depressing.)
You read that correctly.
That’s fewer than 1 in 300 Americans.
But the president is touting 7 million signups. What gives?