ObamaCare hits milestone - or does it?

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By the end of March the Obamacare website had registered 7.1 million people, which was the initial goal of the roll out.  However, in order to be successful there has to be a minimum number of  young people to achieve actuarial solvency, the new members cannot be on Medicare or Medicaid since they were already eligible for existing programs, and we have to get the 48.6 million Americans with no health insurance (Census Bureau est. 2009) put on insurance.

So early estimates are that the youth factor failed to reach the Obama goals, meaning, if true, next year the rate base will have to be readjusted by potentially substantial health insurance premium rate increases for everyone.

It seems new members for Medicare and Medicaid would be easy to report so the only reason for not telling us the total new members in those entitlement programs, which the Administration and Lame Street media failed to do, then the real numbers must make the program look bad.

In light of the possibility of the previously discussed adjustments, it is not unreasonable to assume maybe 3-5 million of the 7.1 million need to be accounted for which brings up the next adjustment.  How many enrollees were people who lost their health insurance when ObamaCare was implemented and were buying replacement policies?

Finally we get to the people expected by the Obama Administration to benefit the most, the 48.6 million uninsured Americans.  How many of the 7.1 million enrollees came from the group the bill was passed to serve?

If we deduct the Baby Boomer enrollees sent to Medicare and Medicaid, say 2 million but it could be a lot more, then deduct those who lost their insurance because of ObamaCare, we might have 2-3 million who actually did not have insurance and do now.  Of course that assumes all the new enrollees also paid for their new insurance.

So perhaps if all went well we now have 2-3 million people insured who were not insured before.

 

To listen to the Main Street media react to the news you might think reaching 7.1 million enrollees was the greatest event in the history of our fledgling nation.  Greater than almost anything else because it vindicated President Obama and his socialist ways.

Of course they didn't release any numbers, which they do have, which seems pretty strange if the numbers do what he said they do.

Think about it.

Obama and the Democrat politicians pass ObamaCare with NO Republican support.

ObamaCare is to extend health insurance to 48.6 million uninsured.

After spending around a billion dollars to launch the new program, about the cost of one Obama political campaign, maybe 3 million uninsured are now insured.

I think that means after three years and billions of dollars we have lowered the number of  uninsured by one half of one percent.  At this pace we might eliminate the uninsured by the year 2114.

Of course how many more uninsured are there since over 10 million American workers still can't find jobs and have given up looking?  There could be millions of more uninsured since Obama took office which means we might have lost ground thus extending my projected solution date for eliminating the uninsured to closer to 2500.

In basketball terms, which the Administration surely understands, not only are we not scoring points, but we are making shots in the other team's basket giving them the points.

Progressive socialism is most certainly a peculiar concept.

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White House Aides Hit Airways as Obama Budget Hits America

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You always know when the president or congress are trying to pull a fast one on the public. There are two tactics that indicate a major deception is underway. One is if they release information Friday night, after the work week, after the news deadlines, after the people are out for the evening, and when the top reporters have the night off. A second is if they send a herd of babbling politicians and spokespeople out to blanket the news media to super-pitch a new idea, policy, strategy or something to the public.



My common sense rule is if they need to send out the pitchmen then something in the deal smells. If an idea can't stand on it's own merit, if it needs a constant explanation from politicians, if the public just can't get it, then something must be wrong with it. You've heard Obama and his White House gang lament over and over how health care is too complicated for the public, they didn't understand it enough, or they were misled by misinformation from the opposing side.



In Iowa vernacular, that is defined as hogwash. For those of you not growing up in Iowa the definition of hogwash is a noun 1. refuse given to hogs; swill, 2. any worthless stuff, 3. meaningless or insincere talk, writing, etc.; nonsense; bunk.

The Obama budget is a masterpiece in worthless junk and probably doesn't even make a good doorstop. Let me cut through the crap and give you a capsule overview. The Obama budget is the death knell of our nation as we know it.



The assumptions are from the same prognosticators who told us a year ago the unemployment rate would remain below 8%. The same voodoo high priests who told us the Obama stimulus bill would actually stimulate something. The same fortune tellers who said the bank, insurance, auto and Wall Street bailouts were in the public interest.



Near as I can tell the Obama budget may or may not say the nation will be bankrupt in about 10 years. It might say record setting deficit spending, all Bush's fault mind you, will set a record about every six months and the national debt will most likely have to be updated every day. Here is what it looks like updated in real time. Copy and paste the following link for a real scare.

http://www.usdebtclock.org/#

While entitlement programs like Social Security and Medicare make up much of the budget there will be no proposals to reduce the cost, eliminate fraud and reduce overhead unless we agree to spend another trillion dollars on health care. If they know we have $5 billion in legal fees for paying off attorneys and another $500 million a year in fraud why not get rid of the problems?



There will be no revenue streams for new money for the government yet we could become energy independent and make money for the government if we drilled for oil and natural gas reserves and encouraged new, more efficient ways to extract them from our land, not foreign countries.



While we have incentives for new energy systems in cars, which work but the car will cost about $60,000 -$100,000, there are no incentives for car companies to make the current internal combustion engine more efficient. We already know the current oil powered engine can be 80% more efficient, thus extending the life of available oil reserves by possibly over 100 years. That would make it long after the current deficit crisis is over and we would continue to have tax revenues from oil. If Obama gets us to convert to non-oil sources how will he make up the billions more in lost tax revenue? Under the Obama cap and trade program the private, Wall Street investors will make the money, not the government. Gored by Gore again.



Anyway, it is great to hear so many Administration non-economists and professional apologists hit the airways and be interviewed by a news media with less expertise, understanding or comprehension of the disastrous consequences of increasing deficits and national debt. White House aides Axelrod or Gibbs being interviewed by a news media White House correspondent is like asking Julia Child for help with football strategy. And anyone in their right mind even thinking of interviewing VP Joe Biden, the godfather of the credit card industry, on the fairness of Obamanomics is, well, insane. Just ask MSNBC.



Let's face it, Obama's Treasury Secretary did not even know Goldman Sachs and a bevy of tainted banks would get $60 billion from AIG when the White House bailed them out. If they can't even keep track of $60 billion how can they know about trillions? Or did they really know about the $60 billion? Come to think of it, when Congress held the hearings spanking the little butts of the big banks for stealing all that money from us, why didn't anyone ask if the president knew about the deal?

This budget cannot even be financed, the deficit side that is, when China and Russia are the largest purchasers of our debt and the Obama administration has infuriated both of them with our haphazard approach to foreign policy.

As I study this maze of governmental gobbledygook it reminds me of the annual National Enquirer report on fortune tellers and psychics telling us everything that will happen in the next year as far as the enlightened ones are concerned. Our White House and Congress seemed to be filled with soothsaying enlightened ones and I say it is time to turn out the lights!



Finally, if I were an advocate of conspiracy theories I would say Obama, the Rothschild's very own Chosen One, has finally figured out a way to make America subservient to the New World Order as bankrupting our nation would make us hostages to the international shadow world ending a 200 year quest by the Illuminati to get control of the US Treasury.

I guess this is really what we should expect when we get a new administration with all that experience. But then conspiracy theories are not real, are they?