Regarding Government run HealthCare why isn't Washington looking at the fiasco that is now occurring in Massachusetts thanks to former Governor Mitt Romney? There's a Law in that state that mandates every individual to buy health insurance or face a penalty. Surprise of surprises, the young people have found out a way to circumvent the obligatory purchase of a product they DON"T WANT! The Wall Street Journal article's subtitle is "Massachusetts shows how ObamaCare would really work". So having this example of "something's rotten in the state of Massachusetts" why aren't our politicians gleaming some insights and lessons from this? The only thing that occurs to me is POWER AND MONEY. What else could it be? Read this editorial in the Wall Street Journal.
...Yet these mandates allow people to wait until they're sick, or just before they're about to incur major medical expenses, to buy insurance. This drives up costs for everyone else, which helps explain why small-group coverage in Massachusetts is so much more expensive than in most of the country. Mr. Romney argued -- as Democrats are arguing now -- that the individual mandate would make that problem disappear, since everyone is always supposed to be covered.
Well, the returns are rolling in, and a useful case study comes from the community-based health plan Harvard-Pilgrim. CEO Charlie Baker reports that his company has seen an "astonishing" uptick in people buying coverage for a few months at a time, running up high medical bills, and then dumping the policy after treatment is completed and paid for. Harvard-Pilgrim estimates that between April 2008 and March 2009, about 40% of its new enrollees stayed with it for fewer than five months and on average incurred about $2,400 per person in monthly medical expenses. That's about 600% higher than Harvard-Pilgrim would have otherwise expected. (READ AT WSJ).
“Future generations will wonder in bemused amazement that the early 21st century’s developed world went into hysterical panic over a globally averaged temperature increase of a few tenths of a degree, and, on the basis of gross exaggerations of highly uncertain computer projections combined into implausible chains of inference, proceeded to contemplate a roll-back of the industrial age”. Professor Richard Lindzen
Showing posts with label Massachussets. Show all posts
Showing posts with label Massachussets. Show all posts
Sunday, July 12, 2009
Subscribe to:
Comments (Atom)