More Obamacare Bad News

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With all of the scandals swirling around the Obama administration you may have missed the latest bad Obamacare news.

The first item is about how the law will gut Medicare and hurt seniors. Forget saving “Medicare as we know it,” it’s already been scrapped.

Despite the fact that the Medicare trustees have been warning of this financing disaster for many years, President Obama’s massive health care law makes the matter much worse, not better.

Ignore the political rhetoric of keeping Medicare “as we know it.” Obamacare has already made significant changes to Medicare, namely through provider reimbursement reductions and the creation of an unelected board of bureaucrats, the Independent Payment Advisory Board (IPAB).

Here are three examples of Obamacare’s impact: (Read More)

Medicare already has $35 trillion in unfunded liabilities. Anyone who thinks this is going to help to save the program is insane.

The second item is another study showing that it’s possible that two-thirds of uninsured Americans won’t sign up for Obamacare.

There’s no assurance folks will be buying insurance under Obamacare, and that could spell trouble for the Affordable Care Act.

Nearly two-thirds of Americans who currently lack health insurance don’t know yet if they will purchase that coverage by the Jan. 1 deadline set by the ACA, a new survey revealed Monday.

And less than half of those in the survey released by InsuranceQuotes.com think they’ll get better health care after Obamacare takes full effect. Nearly 50 percent believe the ACA will make it more difficult for them to get tests and procedures done in a timely manner, according to the phone survey of 1,001 adult Americans conducted in early May. (Read More)

This scheme relies on the prospect of young and healthy Americans to sign on and pay high premiums, otherwise there’s no chance it’s ever going to work. They probably knew this when they wrote the rotten law, thinking they could hasten along their single-payer dream.