Guaranteed - Why Obama's plan won't work
I already mentioned economic guru Paul Krugman's statement that Obama's plan leaves 15 million US citizens lacking affordable health care. The thing is, I believe Krugman isn't right. Krugman is too optimistic. And here is why :
His plan relies on folks voluntarily purchasing medical insurance or signing up for public health programs to receive health care. Obama mixes this with two engaging twists. First is a remit that health insurers must accept all comers, in any case of how well or how sick they are. 2nd is that insurers must cover pre-existing conditions.
O.K, so here's a question : with a remit like these, why would anyone voluntarily join health insurance *before* they were given sick? I mean, medical care insurance is dear, right? So then the healthcare death spiral that I discussed back in Sep 2007 kicks in. There just ain't no'there' there.
The medical care insurance industry is already in a death spiral, just a slow one because currently they can kick the sickest folks off their rolls. When I'm employed the numbers, Obama's plan simply doesn't work -- the health insurance death spiral gets even worse.
The point I've been making all along, is that unless *everybody* is needed to participate either through purchasing private insurance or collaborating in a public program ( and remember, at least 5,000,000 of the uninsured *CURRENTLY QUALIFY FOR PUBLIC INSURANCE PROGRAMS*, they have just never gotten around to signing up ), we finish up with a system where only sick people pay -- and, in the end, with a large amount of dead people.
Without remits, we finish up with dead folk. Krugman is an optimist. I'm not. Krugman sees 15 million uninsured. I see a heap more, if Obama's plan were passed as-is -- which, of course, it won't be, since as a plan this would have such terrifying effects that when the CBO works the numbers the entire Congress would flinch in horror and send it to the shredder.
- http://obama-healthcare-issues.blogspot.com/
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