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Is ObamaCare damaging the healthcare system?

This writer seems to think so ~ (follow link)

http://online.wsj.com/article/SB10001424052748704635704575604751500803046.html

The most significant change is a wave of frantic consolidation in the health industry. Because the law mandates that insurers accept all patients regardless of pre-existing conditions, insurers will not make money with their current premium and provider-payment structures. As a result, they have already started to raise premiums and cut payments to doctors and hospitals. Smaller and weaker insurers are being forced to sell themselves to larger entities.

 
tasches

Asked by tasches at 7:08 PM on Feb. 23, 2011 in Politics & Current Events

Level 48 (298,202 Credits)
This question is closed.
Answers (16)
  • I think age appropriate ECONOMICS needs to be taught to ALL CHILDREN in grades K-12!!! *sigh* And voters should be required to take a refresher course prior to every election cycle!! LOL
    LoriKeet

    Answer by LoriKeet at 7:21 PM on Feb. 23, 2011

  • That article didn't make me feel better. I think Obamacare is probably the single worse legislation we have ever passed as a country besides Prohibition.
    jesse123456

    Answer by jesse123456 at 7:31 PM on Feb. 23, 2011

  • As LoriK said, Even though O'care has not been fully implemented... Our h/c ins. went up several thousand dolars this year, so WOW, I can't wait to see what happens next year... not!

    Obamacare is a rip off unless you get h/c for FREE and most who get it FREE, are not at all concerned with the WHO that is paying for their FREE. Nothing is FREE, someone has to pay for it...
    agentwanda

    Answer by agentwanda at 7:37 PM on Feb. 23, 2011

  • Even though ObamaCare hasn't been fully implemented, YES, ObamaCare WILL hurt insurance companies, so seeing the proverbial writing on the wall, the companies are preparing for their pending losses and potential bankruptcies if it does go forward and become fully implemented. And I don't blame them!!
    LoriKeet

    Answer by LoriKeet at 7:12 PM on Feb. 23, 2011

  • ObamaCare will permanently change US health Insurance... They called it the Affordable Care ACT? Lie.
    grlygrlz2

    Answer by grlygrlz2 at 7:44 PM on Feb. 23, 2011

  • ~*YES*~... and those that can barely afford to eat in our country will be hitextremely HARD!!! If they choose to eat over medcine already who in their right mind thinks they can afford the $1k fine for not having insurance??? And those that actually follow it would know this if they weren't pretending it would be a free ride??? Nope, just means they can raise insurance rates and fine you for not having it... WAKE UP
    MommaClark3

    Answer by MommaClark3 at 7:11 PM on Feb. 23, 2011

  • That explains why yours is slowly collapsing. Just stupid people haven't the sense to realize it yet.
    Carpy

    Answer by Carpy at 12:52 AM on Feb. 24, 2011

  • I think the unknowns are causing practitioners, insurers and COs to make changes in anticipation of what MIGHT occur.


    BO should have focused on the economy...big mistake.

    Sisteract

    Answer by Sisteract at 9:25 PM on Feb. 23, 2011

  • Is it? It already has! I feel so sorry for some of our patients when they come to pick up their prescriptions and they can't afford it because they need food or pay utilities. This is America for Christ sake, we need to get someone in office that can ACTUALLY fix this mess Obama has gotten us in!
    Kathy675

    Answer by Kathy675 at 10:07 PM on Feb. 23, 2011

  • . Smaller and weaker insurers are being forced to sell themselves to larger entities.

    ***
    like the auto dealers had to do when the automakers were in " trouble".
    sounds too familiar
    jewjewbee

    Answer by jewjewbee at 7:40 AM on Feb. 24, 2011

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