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Friday, November 12, 2010

ObamaCare's pre-existing condition program is a bust.

The title is the sub header from the Wall Street Journal piece explaining the undelivered results of the $5 billion dollar program overseen by Obama's Health and Human Services Department (HHS) to create their own insurance plans to cover people with pre-existing conditions.

HHS claimed the justification for the $5 billion dollar expenditure would be 375,000 signed up in the first year with 400,000 more every year.

The number that signed up? 8,011.

Mr. Obama declared at the time that “uninsured Americans who’ve been locked out of the insurance market because of a pre-existing condition will now be able to enroll in a new national insurance pool where they’ll finally be able to purchase quality, affordable health care—some for the very first time in their lives.”

So far that statement accurately describes a single person in North Dakota. Literally, one person has signed up out of 647,000 state residents. Four people have enrolled in West Virginia. Things are better in Minnesota, where Mr. Obama has rescued 15 out of 5.2 million, and also in Indiana—63 people there. HHS did best among the 24.7 million Texans. Thanks to ObamaCare, 393 of them are now insured.

States had the option of designing their own pre-existing condition insurance with federal dollars in lieu of the HHS plan, and 27 chose to do so. But they haven’t had much more success. Combined federal-state enrollment is merely 8,011 nationwide as of November 1, according to HHS.

Take it away Ed:

The Obama administration and its allies in the Nancy Pelosi Congress revamped one-sixth of the American economy, created new federal mandates, and created chaos in system that worked for the vast majority of Americans, just to deal with eight thousand people? Perhaps they should have tested the issue by creating the program separately first and determining whether the demand required a complete overhaul of a health-care system that mainly worked for the rest of us, instead of arrogating to themselves the task of dictating the shape of a market they clearly don’t understand.

Classic Values Told ya so!!

In today's fierce moral urgency of change news, it turns out the market for government health insurance for the uninsured is about 50 times smaller than Obamacare proponents told us it would be. Of course, we opponents of Obamacare were arguing last year this problem was overblown, and it appears in retrospect even our most parsimonious estimates were vastly too generous:

A country in economic turmoil and a Democratically controlled White House, House of Representatives and Senate manages to show an ineptness, sheer incompetence, and a lack of understanding of an industry that they want to take over.

Remember, this is just the beginning.....

This monstrosity of a law, must be repealed and since Republicans who now control the House cannot repeal it without cooperation from the Democratically controlled Senate and even if they could would face a certain veto from the Obama White House, then Republicans must refuse to fund as much of it as possible until it can be repealed and replaced with something clean and small that actually has a chance to work.