Saturday, May 31, 2014

Right Track - Obamacare Costs

I'm grateful to my friend Bob over in Pennsylvania for this terrific explanation of Obamacare costs.  It's from retiring senator Tom Coburn, himself a doctor.
"Hmmm, Obamacare, that's the program that Obama says we have 8 million new enrollees in…people who would not have not been insured before, right?  8 million less the 25% who have not paid premiums so the insurance is not in force…that’s 6 million less the 5 million who we know for sure had insurance before but were displaced by Obamacare.  So we are down to $1 million people who the government spent $138 Billion, as far as I can obtain the spending facts, to put their plan in place through might I add private insurers. So we spent an average of $138,000 per person to insure them with much smaller care networks, much higher premiums and much higher out of pocket expenses than either Medicaid or other assistance programs.  This debacle is being touted as a success by this administration.  That is why I am leaving Washington."

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