Tuesday, October 18, 2011

ObamaCare - Just Another Ponzi Scheme

ObamaCare is unraveling even before it goes before the Supreme Court.   A key provision in ObamaCare called CLAS, which stands for Community Living Assistance Services, just fell apart.   CLAS had the federal government directly selling long term care insurance to provide for the disabled and elderly   This Ponzi Scheme was designed to collect an estimated $76 billion in insurance premiums for some number of years before the people paying those premiums would be eligible for benefits.   Of course, this $76 billion was not going into a "lock box" to provide for these services down the road; but was instead going to be spent to provide medical insurance to the 30 million uninsured people in the United States.   Sound familiar.   This is the same Ponzi Scheme that is bankrupting Social Security.

The only problem is that the Congressional Budget Office has had an Oops moment.  The CBO has come back to Obamanistas to tell them that is does not pencil.  It is impossible to use this $76 billion to fund current expenses because the cost to actually provide the long term care for the disabled and elderly down the road will be far more.   Surprise, Surprise, or really No Surprise at all.    As a result, Secretary of Health and Human Services Sibelius canceled this program because ObamaCare was not supposed to add to the National Debt; however, apparently she did not get it approved by her boss, Socialist President Obama.   Obama is now saying that CLAS is not being eliminated.   However, without this $76 billion to fund medical care for the uninsured, ObamaCare cannot work.   In addition, 6 million, mostly union members, Obama's PEEP's, have been given waivers so ObamaCare does not apply to them.  Gosh that's a surprise, isn't it.   

CLAS like all the so called savings in ObamaCare is all smoke and mirrors.   Obama cut Medicare by $500 billion and eliminated the Medicare Advantage Program that impacts more than 22 million senior citizens.  These cuts impact the payments to doctors and hospitals providing services to Medicare patients.   The only problem with this scheme is that many doctors are now refusing to take new Medicare patients because the reimbursements are so low that doctors lose money.    So much for the better care that was supposed to result from ObamaCare.  It was all baloney.   Fewer doctors willing to take Medicare patients will lead to rationing.  It is inevitable and it is already happening.  

And now, companies are starting to get their proposals for their medical insurance premiums effective January 1, 2012.   As a result of normal medical insurance inflation and ObamaCare Mandates, premiums are sky rocking going up 15% or more.  This will not be sustainable for many small businesses that will have to pass most of this increase on to their employees.    In addition, there was another $500 billion in new taxes in ObamaCare that will be a job killer.  

ObamaCare is a National Disaster, as bad as Katrina, that if allowed to stand will negatively impact most Americans.   In 2014,  when permitted, many companies will simply choose to pay the $2,000 fine per employee and stop providing medical insurance altogether.   When that happens and it will happen, many Americans that are not eligible for government subsidies, singles earning more than $50,000 a year and married couples earning more than $80,000 a year will have to buy medical insurance themselves, or go without, at a cost of $10,000 or more per year for singles, or $20,000 or more per year to insure a family of four.   Since the cost is so high,  there will be many Americans that will not be able to afford medical insurance.   So while low income Americans may get medical insurance for free or very little, middle class Americans will be out of luck.   As usual, the "rich" will be fine.

If ObamaCare is not struck down by the Supreme Court in the next year, it must be repealed to prevent the destruction of our medical system and the bankruptcy of our country.   If will only be repealed if we take back our country by sweeping Socialists, including President Obama, out of office in 2012 and 2014.  ObamaCare is just one of Obama's Socialist Schemes that is destroying our country.  The Environmental Protection Agency is a job killer.  The National Labor Relations Board is full of Obama appointed Socialists and Communists that hate Free Market Capitalism.   

We have to finish the job we began in 2010.   We have to clean out the barn to get rid of these characters and take back our country in 2012 and 2014.   We can do it.   We must do it to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.   In the mean time, ObamaCare is just another Ponzi Scheme that is becoming clearer by the day. 

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