No wonder that political cartoons are popping up all over!
Two more below the fold.
Some reading: Exchanges Will Raise U.S. Health-Care Costs by David Goldhill. The last portion of the article:
[T]he exchanges will fit into a long pattern of U.S. health-care policy: They will serve a constituency (a policy triumph) while driving up the cost of care (which will be blamed on external factors).Read the entire article HERE.
When Medicare was enacted in 1965, seniors spent about 10 percent of their income on health care and worried about the cost. Today, seniors spend almost double that -- about 17 percent of their income -- on health care and, of course, still worry about cost. Medicare exceeded its budget projections from day one, and its unlimited-entitlement structure led to an explosion in the volume of care. Nevertheless, the program is hailed as a great success in many corners, and its beneficiaries consider it irreplaceable.
The new exchanges will undoubtedly also be hailed as a success -- no matter how much havoc their perverse incentives cause.
Also see New Affordable Care US health plans will exclude top hospitals. The first two paragraphs:
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email firstname.lastname@example.org to buy additional rights. http://www.ft.com/cms/s/0/994951f8-5e71-11e3-8621-00144feabdc0.html#ixzz2myf6qw9HRead the entire article HERE.
Americans who are buying insurance plans over online exchanges, under what is known as Obamacare, will have limited access to some of the nation’s leading hospitals, including two world-renowned cancer centres.
Amid a drive by insurers to limit costs, the majority of insurance plans being sold on the new healthcare exchanges in New York, Texas, and California, for example, will not offer patients’ access to Memorial Sloan Kettering in Manhattan or MD Anderson Cancer Center in Houston, two top cancer centres, or Cedars-Sinai in Los Angeles, one of the top research and teaching hospitals in the country.
ObamaCare (aka Affordable Care): Possibly affordable, but curtailed medical care.