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Obamacare: “Going To Blow a Hole In The Budget”

Posted by Larry Doyle on November 18, 2013 7:10 AM |

WALLACE: I’m not saying it’s a scandal. I’m just, what it seems to be is rank incompetence.

WOODWARD: Yeah, there’s no question about that . . .

That rank incompetence is being felt each and everyday by millions across our nation as people learn they are not only losing their healthcare plans, but their doctors as well.

Can you imagine your elderly grandmother losing access to her doctor with whom she has had a longstanding relationship? It is happening folks. Which party is throwing Grandma over the cliff? Evidence of just such a development is detailed in a weekend article from the WSJ:  

Depending on their plan, UnitedHealth Medicare members may be able to see terminated doctors if they pay an out-of-network fee or pay 100% of the cost themselves. They can also switch to a rival Advantage plan or to regular fee-for-service Medicare—if they do so by Dec. 7.

But many are reluctant to do either. Louise Pannulla, of Seymour, Conn., said both her ophthalmologist and her primary-care doctor were dropped, so she may switch to another plan. “I just hope that one doesn’t change, too,” she says. “At 90 years old, you don’t want to change anything.”

Think that might cause a bit of stress for 90-year old Ms. Pannulla and others in a similar situation? Moreover, the incompetence is also likely to be felt in terms of our budget. Let’s listen to Bob Woodward, hardly a conservative.

If the Republicans had some intelligence, they might want to come out with a well thought out plan that addresses the needs of the uninsured and those with pre-existing conditions, and get bipartisan support for it.

As the Obamacare train wreck continues to rack up more damage and inflict more unintended pain, the nation needs a real alternative.

Who is going to provide it?

Larry Doyle

Please pre-order a copy of my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy, that will be published by Palgrave Macmillan on January 7, 2014.

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I have no business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

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