Obamacare’s Excellent Prognosis
By the Editors, Bloomberg - Oct 25, 2013
Obamacare is in trouble. The federal website for buying insurance is a disaster, half the states have refused to expand Medicaid, and whether the whole thing will actually save money is still uncertain.
Big as these problems are, however, the project’s potential value is as great as ever, and its odds of success remain high. Bet against it at your peril.
Let’s remember why this project was undertaken in the first place. The Patient Protection and Affordable Care Act is the U.S.’s only plausible shot at providing health insurance for all its citizens -- something that voters in other advanced economies have long taken entirely for granted. The U.S. already spends 50 percent more on health care than any other developed country, yet it has the lowest coverage rates and some of the worst health outcomes in the developed world. The status quo is absurdly expensive and outrageously unfair.
Changing this is a colossal task that was never going to be easy. Acknowledging this doesn’t excuse the surprising incompetence of President Barack Obama’s administration in preparing for the rollout of the insurance exchanges: Given the stakes, the shambles of the past few weeks should never have been allowed to happen. Nonetheless, the purposes and basic design of the reform effort remain as valid as before, as time will prove.
(Continued here.)
Obamacare is in trouble. The federal website for buying insurance is a disaster, half the states have refused to expand Medicaid, and whether the whole thing will actually save money is still uncertain.
Big as these problems are, however, the project’s potential value is as great as ever, and its odds of success remain high. Bet against it at your peril.
Let’s remember why this project was undertaken in the first place. The Patient Protection and Affordable Care Act is the U.S.’s only plausible shot at providing health insurance for all its citizens -- something that voters in other advanced economies have long taken entirely for granted. The U.S. already spends 50 percent more on health care than any other developed country, yet it has the lowest coverage rates and some of the worst health outcomes in the developed world. The status quo is absurdly expensive and outrageously unfair.
Changing this is a colossal task that was never going to be easy. Acknowledging this doesn’t excuse the surprising incompetence of President Barack Obama’s administration in preparing for the rollout of the insurance exchanges: Given the stakes, the shambles of the past few weeks should never have been allowed to happen. Nonetheless, the purposes and basic design of the reform effort remain as valid as before, as time will prove.
(Continued here.)
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1 Comments:
The editors at Bloomers are attempting to pick up a turd from the clean end.
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