posted on Feb, 17 2013 @ 06:26 PM
The MSM title (that is posted above) for this article is deceptive, the program isn`t winding down it`s being suspended 10 months early because the
government miscalculated the true cost of the program.
WASHINGTON -- Citing financial concerns, the Obama administration has begun quietly winding down one of the earliest programs created by the
president's health care overhaul, a plan that helps people with existing medical problems who can't get private insurance.
The enrollment suspension will take effect immediately in 23 states where the federal government administers the program, ....
Enrollment around the country has been lower than expected, partly because some people could not afford the premiums. But individual cases have turned
out to be costlier than originally projected.
the program has spent about $2.4 billion in taxpayer money on medical claims ....Congress allocated $5 billion to the plan.... we are implementing a
nationwide suspension of enrollment."
Designed as a stopgap solution until the law's full consumer protections are in effect next year....Starting next January 1, insurance companies will
no longer be able to turn anyone away because of poor health.
I think this an example of how and why obamacare will be a failure.
They had to suspend this program 10 months before it`s planned ending date because they miscalculated the true costs of the program.
They had fewer people join the program than what they budgeted for and planned for but they still had to suspend the program 10 months early.
It doesn`t say when the program started but if the number of people they expected to join the program had actually joined then the program would have
been suspended much sooner than now.
one of the reasons given for the low enrollment is that people couldn`t afford the payments.
I`m sure that, just like obamacare, this program looked real good in theory but in reality they grossly miscalculated.
I think this is just a small example of how much of a failure obamacare is going to be.
in theory obamacare looks good on paper to them but when it gets rolling and they see how much money it`s costing the government ( taxpayers) they
will have only 2 choices:
1) ration healthcare
2) massive tax and premium increases
I believe obamacare is going to cost 10 times more than they have calculated and will cover 90% fewer people than they have calculated.
There`s no reason to believe that it will work the way they have said it will, the program in this article is a perfect example.They completely
miscalculated this little $5 billion program,obamacare will be on a much more massive scale than this program and a much more massive miscalculation
edit on 17-2-2013 by Tardacus because: (no reason given)