.
So, why isn't the President campaigning on his signature piece of legislation, ObamaCare, the crown jewel of command and control statism? Because more and more bad news as represented by the chart below illustrate just what a disaster the (perhaps, not so) Affordable Care Act will be.
(click to enlarge)
The composite premium increases of 55%-85% above current market averages by 2017 as found by a study performed by Milliman, the prestigious actuarial consulting firm, which was retained by the Ohio Department of Insurance to perform that study.
55-85%!
As the first two lines of the chart show, Milliman blames the bulk of the increases on the fact that ObamaCare will mandate more coverage and benefits and that more people will be added to the risk pool to receive those additional bennies.
It doesn't take a rocket scientist or even an actuarian to figure out that if you going to provide more coverage and provide more coverage to more people, that is necessarily going to result in a net increase in costs to the healthcare system. No amount of budget gimmickry that was built into ObamaCare was going to dodge this stark mathematical reality.
Go to the linked article for more cheery news on cuts to Medicare and the growing number of doctors who will place "new or additional limits" on accepting Medicare patients.
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