FACT: Absolutely no one should be surprised.
Why? For years, The Motley Monk has been opining that those increases were "baked into the cake." They're part of a long-term strategy to move U.S. healthcare from away from a competitive market—one consisting of multiple tiers, where prices are determined by interest and ability to pay—to a uniform, single-payer system where the government sets prices by making deals with all of the players in the healthcare industry...just like in most of the world's industrialized nations (oh, and by the way, socialist nations as well).
The first real tip off to this strategy was the video in which Jonathan Gruber—Obamacare's chief architect—discussed precisely how the strategy would unfold due, in large part to the ignorance of the American people.
In that article, the author "acknowledges" that price competition and choice in the Obamacare exchanges haven't quite worked out quite as well as advertised.
Why? As became apparent this past summer, major healthcare insurers dropped out of the Obamacare exchanges. They haven't been able to eke out a profit, even after increasing premiums by double digits for the past 6 years.
Okay. That's a pretty honest assessment. What was advertised wasn't delivered.
This fact alone may account for public opinion concerning Obamacare declining from its high of 46% public approval (44% disapproval) in April 2010 to 44% approval (56% disapproval) in April 2016.
Consider the author's proposal this way:
- Currently unprofitable Obamacare exchanges—and ultimately all of them—will be shut down, as insurers head for the exit doors to cap their losses.
- The federal government will step in with the public option. Those healthcare insurers will administer the public option through their contractors (as currently is how the Obamacare exchanges are administered). In turn, the healthcare insurers will pass those losses onto the federal government.
And just who would bear those losses? Yep! The 48% of those who pay federal income taxes.
Sad yet entirely unsurprising as that is, with the federal deficit nearing $20T, that isn't the "dirty little secret." No, those folks were going to bear those healthcare losses anyway.
The dirty little secret is that the public option will generate big $$$s for those healthcare insurers participating in the public option!
Any guess who's going to exact their share of those healthcare insurers' $$$s to allow them to continue participating in the public option?
Oh—and lest The Motley Monk forget to mention—guess who authored that JAMA article?
BINGO: B. Obama.
The public option is his next step in the strategy. It's the midpoint to a full federal government takeover of the U.S. healthcare industry, making Americans absolutely dependent upon the federal government for their healthcare.
Let the discussion begin...
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