Code Red
About
WyBlog, the best thing about New Jersey since the invention of the 24 hour diner.
Chris Wysocki
Caldwell, NJ
The nine most terrifying words in the English language are "I'm from the government and I'm here to help." - Ronald Reagan
Subscribe
Recent Posts
Recent Comments (RSS)
My Other Blog
The Resistance
Blogroll
Links
Linkiest
CH 2.0 Info Center
The Jersey Report
Labor Union Report
Memeorandum
Net Right Nation
The Patriot Post Newsletter
Pajamas Media
PJTV
Trending Right
Victor Davis Hanson
J! E! T! S! Jets! Jets! Jets!
OpenVMS.org Portal
AVS Forum
NJ.com Caldwell Forum
The Caldwells Patch
The Jersey Tomato Press
![[socia.list]](http://wyblog.us/images/socia_list-1-200x75.jpg)
Badges
Powered By Ringsurf
Link to me
Feedjit
Search WyBlog
The Party of "No"
Technorati and Me
Technorati is indexing me again! They had to make a code change to fix the problem with my blog getting stuck in their queue. Kudos to Eric M. and the guys at GetSatisfaction.com where they have "community powered support for Technorati".
Well, they're "sorta, kinda" indexing me anyway. It's on a 24 hour tape delay or something. So I never get picked up by Memeorandum because they pull from Technorati and Technorati has stuff I posted yesterday listed as my latest blog entry. And that's old news to Memeorandum.
Wankers.
Fair Use Notice
"This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. It is being made available in an effort to advance the understanding of environmental, political, human rights, economic, democracy, scientific, social issues, etc. It is believed that this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit for research and educational purposes."
Recent headlines from my Posterous Blog:
Saturday, 25 February 2012
Guess what? Paying for coverage of pre-existing conditions costs more. A lot more.
So Barry thought he could wave a magic wand and all the folks with pre-existing conditions would be instantly covered by affordable health insurance. Because he's Barack Obama, and those insurance company actuaries who set the rates are just a bunch of greedy corporatists profiting at the expense of downtrodden poor people. Nancy Pelosi said so!
Except a funny thing happened on the way to Obamacare Nirvana.
Medical costs for enrollees in the health-care law's high-risk insurance pools are expected to more than double initial predictions, the Obama administration said Thursday in a report on the new program.
The health-care law set aside $5 billion for a Pre-Existing Condition Insurance Plan, meant to provide health insurance to those who had been declined coverage by private carriers. Since its launch last summer, nearly 50,000 Americans have enrolled in the the program.
Those who have enrolled in the program are projected to have significantly higher medical costs than the government initially expected. Each participant is expected to average $28,994 in medical costs in 2012, according to the report, more than double what government-contracted actuaries predicted in November 2010. Then, the analysts expected that the program would cost $13,026 per enrollee.
Hey, they were only off by a factor of 2. Coulda happened to anybody, really. Perfectly understandable, and it helped get Obamacare passed so we're all good. Right? What's another $5 billion among friends! We're already $14 trillion and change in debt, who's gonna notice?
Oh wait, when the states were handling high-risk health insurance pools the costs were lower. Much lower. Lower than even the government's completely completely bogus initial estimates.
The costs also are significantly higher than those of similar high-risk pools that many states have operated for decades. States spent an average of $12,471 on enrollees in 2008, according to the National Association of State Comprehensive Health Insurance Plans.
Hmmm. Aren't those evil Tenth Amendment types always saying the states can do stuff cheaper than the corruptocrats in DC? Wouldn't it be a fly in the whole Obamacare ointment if it turned out they were right? Because it sure looks to me like they're right.
The Washington DC one-size-fits-all model never works. Never.
Posted at 17:09 by Chris Wysocki
[/obamacare]
Comments |
Perm Link |
Technorati Tags:
Obamacare
pre-existing-condition
|
Tweet
| Previous: Fermented Friday, your car wants algae | Next: Dharun Ravi on trial: Are you now or have you ever been anti-homosexual? |
| Main | |