×
×
homepage logo

DAVID KRUSE

By Staff | Jan 17, 2014

What always bothered me about the Affordable Care Act was that the insurance companies supported it. I believe that for health care to be reformed the insurance companies should hate the solution.

The reason for the insurance company support is that the law covers their liability if the premise of signing up enough young people doesn’t materialize. They don’t have to pass a health insurance company bailout if enrollment misses the needed demographics. It is already written into the law covering 80 percent of insurance company losses.

They have a czar for just about everything in Washington, yet this was the president’s namesake entitlement contribution and no one was in charge that will admit to it today. I thought Health and Human Services Secretary Kathleen Sebelius was in charge.

She appears to have abdicated the responsibility. The president appeared as shocked as anyone to find out “they had dropped the ball.” Heck, no one was calling the plays in the huddle, no one was designated as the quarterback and the coach didn’t even have the team assembled.

Obama was the owner who failed to ask the right questions.

This came from a subscriber and summed it up about as good as anything: “During the 3.5 years of World War II that started with the Japanese bombing of Pearl Harbor in December 1941 and ended with the surrender of Germany and Japan in 1945, the U.S. produced 22 aircraft carriers, 8 battleships, 48 cruisers, 349 destroyers, 420 destroyer escorts, 203 submarines, 34 million tons of merchant ships, 100,000 fighter aircraft, 98,000 bombers, 24,000 transport aircraft, 58,000 training aircraft, 93,000 tanks, 257,000 artillery pieces, 105,000 mortars, 3 million machine guns and 2.5 million military trucks.

We put 16.1 million men in uniform in the various armed services, invaded Africa, invaded Sicily and Italy, won the battle for the Atlantic, planned and executed D-Day, marched across the Pacific and Europe, developed the atomic bomb and ultimately conquered Japan and Germany. It’s worth noting, that during the almost exact amount of time, the Obama administration couldn’t build a functioning website.”

Typically politicians respond to their own political self-interest, and I would think that many Democrats will never forgive Obama for the political damage the inept, incompetent roll-out of Obamacare has brought down on their party. Can you name a bigger political disaster?

I have to add one more caveat to the Obamacare narrative. All that I read is how bad it is, how people have lost their insurance plans, or premiums have gone up. The media and political pundits are like sharks in a feeding frenzy over blood in the water.

My health insurance is with Farm Bureau Wellmark/Blue Cross. We met with our agent last week and they now offer a policy that is as good and in many ways better than what we have now that will cost us 25 percent less premium than our current policies.

The co-pay is higher, but the maximum out of pocket goes up just $500 and dental and optical coverage was added.

All you hear is the bad stuff. Yet the pre-existing conditions are gone. So goes those pools with cheaper premiums that you couldn’t previously get into.

Obamacare made the pool a whole lot bigger lowering the cost for those under the most premium pressure under the old regimen.

I recognize that somebody else has to pay for that, and that may prove to be a fatal flaw in the system. For someone older paying high premiums there are some substantive savings in the changes.

Some of those policies that were cancelled were not very good and can be replaced with a better policy at no higher cost relative to coverage. The premium may be higher, but they are going to get twice as much for it. That doesn’t matter though when promised that they could keep them. That wasn’t true.

Our agent said that all the grandfathering will get phased out one way or the other within a couple more years. I read where you are lucky if you are on Medicare.

You don’t hear many complaints about that government administered health care system. Everybody seems tickled to be on it.

I don’t know how well the roll-out of Medicare went but many of the same folks who profess to hate government and loath the ideas of government health care are amazingly quiet about Medicare.

The problem is that Medicare is one of those fiscal locomotives that is going to run off the tracks when the weight of all the Baby Boomers is loaded on the train. Congress needs to fix Medicare very soon or that disaster will make the Obamacare fiasco look like a cake walk.

The politicians are not politically ready to address long-term Medicare solvency. We will see which comes first, political dependency or fiscal reality.

Obama promised us dramatic real change and it didn’t happen, which will make it tougher for the next liar to convince us that they should be President.

David Kruse is president of CommStock Investments Inc., author and producer of The CommStock Report, an ag commentary and market analysis available daily by radio and by subscription on DTN/FarmDayta and the Internet.

Please Enter Your Facebook App ID. Required for FB Comments. Click here for FB Comments Settings page