Obamacare’s Negative Prognosis

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The trillion dollar Obamacare experiment to reform America’s health system won’t work. But the primary reason why it won’t work is not what you may think.
Although a majority of Americans want nationalized health care repealed, that probably won’t lead to the demise of the law. A July 19 Rasmussen Reports poll found 60 percent of voters want the law overturned. And 61 percent of voters think health costs now will go up, not down. Sixty-two percent thought the federal deficit will increase, with 54 percent believing the law is “bad for the country.” Still, repeal seems unlikely. Congress would need a two-thirds majority to both pass a repeal and then override the presumed veto. Only a new President, friendly to repeal, could kill the law, a Fox News.com story noted.
What about the doctor shortage? “Aging baby boomers will create a growing demand for medical services,” said The Foundry June 18. “Nearly 40 percent of doctors are 55 or older and on the cusp of retirement—and the number of students on track to graduate from medical and nursing schools will not be adequate to replace them.” Obamacare expands health coverage by adding 16 million more people to the Medicaid rolls. Medicaid pays doctors notoriously low reimbursement rates, usually not enough to cover the cost of seeing the patients.