Friday, May 29, 2015

Obamacare raised costs. McDermott is on the case

Baghdad Jim McDermott suddenly realized that Obamacare (he was a big cheerleader for it) raised the cost of medical care. Obama named it Patient Protection and Affordable Care Act. But naming it affordable didn’t make it so. Duh!


Costs:
Last week, IBD reported that BlueCross BlueShield of Tennessee wants to jack up its ObamaCare premiums by more than 36%; CareFirst in Maryland by close to 30%; and Moda Health in Oregon by almost 50%.Since then, North Dakota has reported rate hike requests of 43%, Kansas 38% and Iowa 18%. 
Even the ObamaCare-loving Huffington Post is admitting that one reason for the hikes could be that "healthy people aren't lining up for coverage in the numbers that either the industry or outside analysts had hoped."
Baghdad Jim:
None of this is good news for all those ObamaCare "death spiral" deniers, who said that the law would never produce such results.
But rather than face this reality, Democrats have decided to decry the alleged problem of the "underinsured," and call for more cost-spiraling mandates. 
Rep. Jim McDermott, D-Wash., for example, complains that "we've got some 17 million more people covered" with ObamaCare, "but they can't access the care they seem to be entitled to."
What could have gone wrong? Could it be Nancy Pelosi’s and Honorable Harry Reid's design?
First, ObamaCare imposes a pile of costly rules and regulations on the insurance industry — mandating generous coverage, outlawing risk rating, and so on.
Then, to cope with these costs, insurance companies employ large deductibles and co-pays to keep premiums within the realm of reasonable. 
Now, the same Democrats who created this problem want to force insurers to lower deductibles and co-pays so health care will be more "affordable."
Never mind that this would, if enacted, produce yet another round of [mandates which would, as always result in] massive premium hikes.
Hey, Rep. Jim! There is no such thing as a free lunch. Not even when you pass a law saying there is.