President Obama signing the Patient Protection and Affordable Care Act into law on March 23, 2010.A pre-existing health insurance program established by Obamacare is already straining its own budget, and to control costs, the admiistrations Health & Human Services (HHS) has stopped enrolling any new people into the program, according to an audit by the General Accountability Office (GAO). In addition to that, HHS has directed the program to shift more of the costs onto the current enrollees, thus raising the out-of-pocket health care expenses for the people with pre-existing conditions. That's in order to control spending. It's very ironic. The rationing or the denial of health care coverage in the marketplace for people with pre-existing conditions, or insurers charging higher premiums to people with pre-existing conditions were reasons cited by President Obama and most Congressional Democrats for implementing Obamacare. You can't trust the president on anything.
When President Obama signed the Patient Protection and Affordable Care Act into law on March 23, 2010, he stated that tens of thousands of uninsured Americans with a pre-existing conditions, or parents of children with a pre-existing condition, will no longer be denied the coverage they need. He said the insurance companies will no longer be able to drop people's coverage when they get sick. After Obamacare was signed, two temporary programs were established in March 2010, the Early Retiree Reinsurance Program and the Pre-existing Condition Insurance Plan (CHIP). Each program was allotted $5 billion.
I guarantee you the cost of Obamacare is going to be so sky high that it won't be funny. If Obamacare is having trouble keeping these two programs funded, I can't imagine when the key provisions take place next year. Also, I project there will be much rationing taking place. What the government will do when faced with that decision is to decided who does and doesn't deserve medical coverage. That's coming. I guarantee you terminally ill patients and elderly people aren't going to make the list to receive coverage.
To read the full story, click on the above link from CNS News.com.
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