This just in:
In a recently released report, the Society of Actuaries (SOA) estimates that the average medical-claims cost in the individual insurance market — the actual cost of treating a person — will increase by an average of 32 percent once Obamacare is fully implemented. Some states will see much greater increases.Six more reasons North Carolina should be glad it hasn’t fully embraced Obamacare. (Senate Bill 4, No N.C. Exchange/No Medicaid Expansion.)
Things are so bad that one of the Democrats who helped create the law says it’s headed for “a huge train wreck.”
The Civitas Capitol Connection now headed out in the mail has an article to the same effect.
Meanwhile, (as Rush Limbaugh noted today) there are other reminders of how well the government runs health care. The Veterans Administration admits that “more than 800,000 pending claims [are] clogging its 58 regional offices with an average wait time of 273 days before a claim is processed.” That’s the average; some waits are longer.
There are about 21 million veterans in the U.S. The VA can’t handle their health care claims — and remember, not all veterans avail themselves of VA care.
What is going to happen when Obamacare must handle health care claims for the 313 million people it must cover?
“Train wreck” is right.
Expect to hear a lot more as this plays out.