Obamacare: Nobody Wins

I recently addressed health care issues for Franciscan University, regarding its' dropping student health care insurance, due to Obamacare's  mandatory coverage requirement for abortion and contraception.   Obamacare: Not So Attractive

The Obamacare healthcare bubble is bursting.

According to Godfather Politics: Affordable Health Care Act-Results In Costs Rising Faster Than US Inflation Rate; it is not only the Catholic health community that has headaches with the plan, but it appears it is a corporate issue as well.

According to statistics from the Health Care Institute, Obamacare, once touted as the be-all-end-all to health care plans is not delivering:

• Costs to employers for health care coverage for employees increased 3.3% in 2010
• The inflation rate for the United States in 2010 was only 1.5% less than half the rate of increase in health care
• Price of prescriptions increased by 3%
• Admission cost for in-patient care went up by 5.1%
• Outpatient treatment costs rose to 10%

The Health Care Institute gathered this data from Aetna, Humana Inc, and United Health Care.

Looks like the honeymoon is over.  Which goes back to my view of the Obamacare in general.  If it looks too good to be true, it is.

While the intention was there, Obamacare is a pipe dream, nothing more.  I can't see how things can get better. 

For example, I work as a contractor for a major United States corporation that has let its' permanent employees go to hire people without the benefits of a health care plan.  Typical of contractor employment.  No benefits.

This is taking place with much of corporate America, because of the economic crisis in this country.  While the President's health care plan sounded great, it is just not delivering.

So what is the answer?  The answer is not going to be found in a socialized medicine plan;  because, as I have said before, someone has to pay.  The package always looks good, but there are always back-end provider costs. 

With Obamacare, no matter how you slice it, nobody wins.  

Looks like it is back to the drawing board.   After all, you can't get blood out of a stone.