200 Economists Ask Lawmakers to Repeal Obamacare

I’m not the only one saying it: Two hundred economists ask lawmakers to repeal Obamacare. Key quote:

The letter from economists said the law is “fiscally dangerous at a moment when the United States is already facing a sea of red ink. It creates a massive new entitlement at a time when the budget is already buckling under the weight of existing entitlements. At a minimum, it will add $1 trillion to government spending over the next decade,” the letter stated. “Assertions that these costs are paid for are based on omitted costs, budgetary gimmicks, shifted premiums from other entitlements, and unsustainable spending cuts and revenue increases.

Nearly 3000 doctors surveyed believe ObamaCare will hurt care quality and doctor pay

Repeal the damn bill! By large majorities, surveyed doctors believe that ObamaCare will hurt care quality and doctor pay. Key quote:

During the next 5 years, the quality of health care in this country will improve (18%) stay same (17%) deteriorate (65%).

The Affordable Care Act will result in physician reimbursement becoming more fair (9%) neither fair nor unfair (17%) less fair (74%).

Overall, the impact of the Affordable Care Act for patients will be positive (27%) neutral (15%) negative (57%).

Overall, the impact of the Affordable Care Act for physicians will be positive (8%) neutral (14%) negative (78%).

ObamaCare plans for high-risk patients attracting fewer, costing more than expected

Repeal the damn bill! Health plans for high-risk patients under ObamaCare are attracting fewer customers while costing far more than expected. Key quote:

Last spring, the Medicare program’s chief actuary predicted that 375,000 people would sign up by the end of 2010. In early November, the Health and Human Services Department reported that just 8,000 people had enrolled.

How Obamacare is Hastening the bankruptcy of state governments

Repeal the damn bill! How Obamacare is hastening the bankruptcy of state governments. Key quote:

If state Medicaid spending increases by 41 percent as projected by [the Centers for Medicare and Medicaid Services], then by next year Medicaid could end up consuming nearly 30 percent of the average state budget. Medicaid would greatly exceed all other state priorities, including education, which tops state budgets at about 22 percent. In fact, state spending on education would experience certain cuts next year. [emphasis mine]

Court to rule on ObamaCare constitutionality Monday

Court to rule on the constitutionality of ObamaCare on Monday. Key quote:

Normally, all comprehensive laws contain a boilerplate severance clause: it says that if any portion of the law is found to be unconstitutional, that portion is severed from the rest of the law — that is, the rest of the law stands. But ObamaCare contains no severance clause. Virginia is asserting that if it prevails on its substantive claims, the whole law is unconstitutional. (If Virginia does not prevail, any one of the twenty-plus legal challenges have the same severance argument available.)

This really isn’t the best way to get rid of this idiotic law, but we should also take any bone we can get.

The list of companies receiving healthcare waivers

The actual list of companies receiving healthcare waivers, from the government itself.

What I find interesting about this list is the number of insurance companies and unions on it. The insurance companies would be the ones most familiar with the consequences of Obama’s healthcare bill and therefore the likeliest to react quickly to it. The unions, however, were almost all shilling for the bill’s passage, which suggests that the leaders of these unions are simply idiots for backing something without knowing what was in it. Now that they know they are scrambling to avoid it.

A hint that the Republicans might be wimping out again

It’s stories like this that fill me with dispair: House Majority Leader-designate Eric Cantor (R-Virginia) says that Republicans will keep some provisions of Obama’s healthcare law intact. Key quote:

Provisions that Republicans will seek to retain include the barring of insurance companies from refusing coverage to patients with a pre-existing condition and allowing young people to stay on their parents’ insurance plans until age 26.

You would think the numerous demonstrations, the loud townhall protests, and finally, the election results themselves would have given Cantor a hint of what the public really wants: total and complete repeal of this stinker of a bill.

Cantor’s desire to keep the pre-existing condition clause will only make the entire insurance business unprofitable. When I lived in New York and the state legislative passed a similar bill, more than half of all insurance companies immediately abandoned the state, as they understood that no one had any reason to buy health insurance, until they actually got sick. And without the premiums from healthy people, the companies knew they would have no resources left to pay the expenses of those who were sick. (See my 1994 article on this subject for the magazine The Freeman.)

As for the clause allowing young people to stay on their parents’ plan until 26, all this will do is force insurance companies to drop all coverage for children, as this union did in New York.

Either way, what gives Eric Cantor and the Republicans (or the Democrats before them) the lordly wisdom to determine how this particular business (or any) should be run? Freedom demands that these business transactions should be left to the market, the insurance companies, and their customers, not to the whims of politicians.

Republicans weaseling out already?

Republican senator Judd Gregg (R-New Hampshire) suggested Monday that it would be better to restructure the healthcare bill than repeal or defund it.

Idiot. I think he and the rest of the Republican Party are being as clueless as the Democrats if they think this strategy will work. They should instead pay very close attention to what Sarah Palin said on the same day about a third party threat:

“Some in the GOP, it’s their last shot,” Palin said Monday evening on Fox News. “It’s their last chance, and we will lose faith and we will be disappointed and disenchanted from them if they start straying from the bedrock principles that can grow our economy.”

I am also reminded of this prescience Iowahawk post. As he says so eloquently, “Retards.”

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