{"id":1906,"date":"2013-02-01T18:52:40","date_gmt":"2013-02-02T01:52:40","guid":{"rendered":"https:\/\/scotshonor.com\/?p=1906"},"modified":"2013-02-01T18:52:40","modified_gmt":"2013-02-02T01:52:40","slug":"blanket-amnesia","status":"publish","type":"post","link":"https:\/\/scotshonor.com\/?p=1906","title":{"rendered":"BLANKET AMNESIA"},"content":{"rendered":"

BLANKET AMNESIA<\/p>\n

The Obamacare tsunami is on the way.\u00a0 It will hit sooner than you can imagine and the damage will be vast and undeniable.\u00a0 Democrats are about to learn that it is far easier to pass really stupid and irresponsible legislation than it is to implement it.\u00a0 Three years ago Democrats were celebrating the passage of Obamacare.\u00a0 I predict that by the end of this year Democrats will start to develop a severe case of blanket amnesia.\u00a0 It may be harder to find a Democrat who admits to supporting Obamacare that it is\u00a0to find one who admits supporting the Iraq war.<\/p>\n

The first wave has already started to hit shore.\u00a0 Health insurance carriers are increasing rates by astronomical amounts.\u00a0 This is so obvious that even the New York Times noticed:<\/p>\n

http:\/\/www.nytimes.com\/2013\/01\/06\/business\/despite-new-health-law-some-see-sharp-rise-in-premiums.html?pagewanted=all<\/a><\/p>\n

Obamacare was supposed to lower costs.\u00a0 What happened to that?\u00a0 Some extremely na\u00efve liberals probably still believe that savings will miraculously appear in the future, but they are hopelessly delusional.\u00a0 \u00a0\u00a0Democrats will try to solve the problem, as they always do, by trying to prevent insurance carriers from increasing rates.\u00a0\u00a0But that never works.\u00a0 Ultimately, you can\u2019t force insurance companies to operate at a loss.<\/p>\n

Because of community rating, younger people will be the first to feel the impact.\u00a0 They will be seeing huge increases, with some estimates as high as 50%.\u00a0 The following article from Forbes explains the problem:<\/p>\n

http:\/\/www.forbes.com\/sites\/sallypipes\/2013\/01\/07\/obamacare-guarantees-higher-health-insurance-premiums-3000-higher\/<\/a><\/p>\n

This will put individual health care plans into a death spiral.\u00a0 More and more young people will\u00a0go uninsured.\u00a0 They already think they are immortal.\u00a0 The problem will be aggravated by the Obamacare requirement that health care plans must insure everyone, without regard to pre-existing conditions, starting in 2014.\u00a0 That sounds great, until people start waiting until they are sick before buying health insurance.\u00a0 Raising rates will not solve the problem, because if\u00a0rates are increased more healthy people will drop out of the system.<\/p>\n

The problem is worse for individual plans, but employer sponsored plans are going up too.\u00a0 Employers are already working reduce the impact of these costs by either reducing the number of people insured or increasing employee contributions.\u00a0 This is why you have been hearing about\u00a0companies switching from full-time employees to part-time employees.\u00a0 Obamacare, which promised to reduce the number of uninsured, will instead do the exact opposite.\u00a0 There will be\u00a0more people uninsured than before.<\/p>\n

The Supreme Court dealt a death blow to Obamacare last summer.\u00a0 The court ruled that\u00a0requiring someone to purchase health insurance is unconstitutional.\u00a0 The law was\u00a0upheld\u00a0as a tax and only if the tax is not prohibitive.\u00a0 If the tax is raised, it\u00a0will no longer be constitutional.<\/p>\n

Perhaps some delusional liberals think this is great, because it will result in a single payer health care system run by the government.\u00a0 But the problem is that the government doesn\u2019t have any money.\u00a0 Every government program costs more than private sector alternatives.\u00a0\u00a0Why would healthcare be any different?\u00a0 If we continue on this path, Amtrak, the Post Office, Fannie Mae and Freddie Mac will all look wonderful in comparison.\u00a0 I think there will be bi-partisan support in congress for the health insurance industry to come up with a solution because they will be totally out of money and out of ideas.\u00a0 The loudest voices calling for repeal of Obamacare may come from Democrats.<\/p>\n

In a delicious irony, unions will also have a major problem.\u00a0 Obamacare eliminates caps on medical benefits and prescription drugs and it requires plans to insure children until age 26.\u00a0 That will result in much higher costs for union sponsored health plan.\u00a0 Here\u2019s the rub.\u00a0 Individuals\u00a0can\u2019t get the subsidy to buy health care insurance if they\u00a0have access to\u00a0union sponsored insurance.\u00a0\u00a0Non-union employees will pay less for\u00a0health care\u00a0than union employees, because the government subsidizes the rates.\u00a0 \u00a0This means that in some cases, joining a union means you get a smaller paycheck.\u00a0 Unions have just figured this out, and they are already screaming for change.\u00a0\u00a0I doubt that\u00a0Republicans will consider this\u00a0a top priority.<\/p>\n

This is going to be really bad and it is coming at warp speed.\u00a0 Even the fawning main stream media can only cover up the stench of Obamacare for just so long.<\/p>\n

TDM<\/p>\n","protected":false},"excerpt":{"rendered":"

BLANKET AMNESIA The Obamacare tsunami is on the way.\u00a0 It will hit sooner than you can imagine and the damage will be vast and undeniable.\u00a0 Democrats are about to learn that it is far easier to pass really stupid and … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1906","post","type-post","status-publish","format-standard","hentry","category-latest-headlines"],"yoast_head":"\nBLANKET AMNESIA - SCOTS HONOR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scotshonor.com\/?p=1906\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BLANKET AMNESIA - 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