I don't have time in my life to write much about the Obamacare debacle which I saw coming for years except to say it's even worse than I could have imagined. It looks like most of the 19 million people who buy their health insurance on their own, using their own money, face cancellation of the policies they now hold and will have to find and more likely more expensive coverage.
Instapundit says So many layers of disaster here. It’s like peeling an onion of fail.
Charles Krauthammer writes Every disaster has its moment of clarity.
Physicist Richard Feynman dunks an O-ring into ice water and everyone understands instantly why the shuttle Challenger exploded. This week, the Obamacare O-ring froze for all the world to see: Hundreds of thousands of cancellation letters went out to people who had been assured a dozen times by the president that “If you like your health-care plan, you’ll be able to keep your health-care plan. Period.”
That presidential pledge gets four pinocochios from the Washington Post's Fact Checker
But it's going to get a lot worse when the employer mandate - which Obama unilaterally postponed for year - kicks in.
It turns out that in an obscure report buried in a June 2010 edition of the Federal Register, administration officials predicted massive disruption of the private insurance market.
Section 1251 of the Affordable Care Act contains what’s called a “grandfather” provision that, in theory, allows people to keep their existing plans if they like them. But subsequent regulations from the Obama administration interpreted that provision so narrowly as to prevent most plans from gaining this protection.
“The Departments’ mid-range estimate is that 66 percent of small employer plans and 45 percent of large employer plans will relinquish their grandfather status by the end of 2013,” wrote the administration on page 34,552 of the Register. All in all, more than half of employer-sponsored plans will lose their “grandfather status” and become illegal. According to the Congressional Budget Office, 156 million Americans—more than half the population—was covered by employer-sponsored insurance in 2013.
US News and World Report. Top Hospitals Opt Out of Obamacare.
Bizarre maternity care requirement The only people not forced to get maternity coverage are women under 30. James Taranto writes in Best of the Web, President Haze
First, it's not only men who are forced to buy maternity coverage they are physically incapable of using. So are women in the stage of life between childbearing age and Medicare eligibility. Second, under-30s are exempt. That's right, the geniuses who wrote ObamaCare are forcing everyone to buy maternity care except the age cohort that includes women at peak fertility.
Other perverse incentives
Insurance companies cannot compete across state lines, so your policy is only portable within your state. That’s bad for economic development. A person now has to deal with 50 sets of rules, 50 exchanges. Obamacare didn’t solve the problem.Posted by Jill Fallon at November 1, 2013 1:15 PM | Permalink
There will be people that stay in place because of insurance costs from one state to the next. I have looked, and personally for me my costs of insurance go up exponentially when I move out of state.
In our old broken healthcare system, employers would pick up the difference. As our society transitions to an independent worker society, and insurance isn’t tied to job, individuals will be forced to pick up the cost.