Quick, call Ripley
PETER SUDERMAN: Chaos In The Massachusetts Health Care Market.
Posted at 2:24 pm by Glenn Reynolds
Let's do the rocket science:
Rate increases are denied by the state, to keep itself from going bankrupt. So insurers cut coverages and reimbursement rates, to keep their companies from going bankrupt. Doctors start to refuse patients in the state plan, to keep themselves from going bankrupt.
This inevitably leads to the destruction of the private health insurance market, a Federal takeover of health care funding, and a system of Federal mandates to make the whole mess appear to work -- for example, doctors being required to treat patients at the stipulated Government rate of reimbursement, and, of course, rationing in all its various forms.
The best and brightest will no longer look to a career in medicine, and the development of new drugs and medical devices will be crippled. That Alzheimer's cure you'd been hoping for? Forget it! (Sorry)
Obysmal refers to this as "improving access to quality health care." Socialism triumphs when it succeeds in making everybody equally bad off.
Well, not quite everybody. The rich will fly to Geneva for their health care, or to the new facilities that will spring up to serve them in Costa Rica and Bermuda -- and of course Congress will retain its own Cadillac system. The new system is for the Little People.
Byron
Want a preview of ObamaCare in action? Check out the Massachusetts insurance market—which earlier this week entered a state of ‘market chaos’ after Governor Deval Patrick denied a host of health insurance rate increases.
Posted at 2:24 pm by Glenn Reynolds
Let's do the rocket science:
Rate increases are denied by the state, to keep itself from going bankrupt. So insurers cut coverages and reimbursement rates, to keep their companies from going bankrupt. Doctors start to refuse patients in the state plan, to keep themselves from going bankrupt.
This inevitably leads to the destruction of the private health insurance market, a Federal takeover of health care funding, and a system of Federal mandates to make the whole mess appear to work -- for example, doctors being required to treat patients at the stipulated Government rate of reimbursement, and, of course, rationing in all its various forms.
The best and brightest will no longer look to a career in medicine, and the development of new drugs and medical devices will be crippled. That Alzheimer's cure you'd been hoping for? Forget it! (Sorry)
Obysmal refers to this as "improving access to quality health care." Socialism triumphs when it succeeds in making everybody equally bad off.
Well, not quite everybody. The rich will fly to Geneva for their health care, or to the new facilities that will spring up to serve them in Costa Rica and Bermuda -- and of course Congress will retain its own Cadillac system. The new system is for the Little People.
Byron
posted by Byron | Friday, April 09, 2010
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