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As Obamacare continues to decimate the American healthcare system, few media outlets highlight the facts about this ever growing problem. Though Obama claims his new law (which he enforces on an imperial, piecemeal basis) is a success, the truth is much different. When you break down the over 8 million enrollees signed up by the plan, you will quickly realize that over 5 million of them are on the federally funded Medicaid program. Then, with regard to the remaining 3 million, it is uncertain how many actually paid their premiums and how many needed this insurance because they were kicked out of their previous health plans due to the Affordable Care Act. A recent article in The Business Insider sums up the economics of Obamacare: Of the 5.45 million people who signed up through the federal exchange, 5.18 million (or 95%) applied for financial assistance in their insurance plans. As a businessman and physician, I can sum up these numbers in a very easy way:
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Only a very small percentage of patients enrolled through Obamacare are actually paying for it
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Our government has created a new and massive bureaucracy to manage Obamacare
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We can’t afford the Medicaid program which has been expanded another 5 million people
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Few doctors actually accept Medicaid, leaving the “newly insured” without true access to the healthcare system
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We can’t afford the Medicare program
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Where do we get all this money needed to pay for 2 programs we can’t afford and a new program, Obamacare, that is financially unsustainable?
The financial truth about Obamacare is that it is an economic disaster. Many think the Tea Party and Conservatives are against it just because they are displeased with Obama. The truth is, most of them understand that the health insurance programs created by our national government are financially unsustainable and will eventually bankrupt our country. We are in 18 trillion dollars of debt already. Where will this madness end?