SOCIALIZED MEDICINE FAIL …
|| By FITSNEWS || Well, well …
It looks like people can’t even keep the Obamacare insurance they got … after they couldn’t keep the insurance they liked.
And it looks as though a salary review needs to be done for South Carolina’s Obamacare Cooperative, as well as an overall health check to see how long it has to live …
As people lose their Obamacare subsidies, enrollment will drop. Is the S.C. General Assembly going to bail out the state’s Obamacare Coop if it stays in the red?
Because that’s where it is right now … $3.8 million in the red.
Earlier this year, The Daily Caller reported that the Palmetto State was one of five states to exceed salary limits for executives established by federal law. And while enrollment in South Carolina has been strong (duh, our state is full of poor people) – that still hasn’t resulted in profitability for the co-op, one of 23 established across the country with nearly $3 billion in taxpayer guaranteed loans.
According to a report (.pdf here) released earlier this year by the U.S. Department of Health and Human Services (HHS), all but one of those 23 co-ops – selected by the federal government due to their “high probability of financial viability” – are losing money.
Two have gone belly-up, while another seventeen have requested … wait for it … double digit rate increases in an effort to help cover the losses.
Ah, socialized medicine …
79 comments
Another good reason to go single-payer.
That would require Fits to understand what “Socialized Medicine” actually is.
So you admit that you- the Democrat Party – and the NAZI Party are the same…I doubt FITSNews want to out you…
You can’t argue with that kind of logic??
U sucked a dick, now u r Fucked, LMAO !!!
You R Fucked, LMAO !!!!
That was the idea all along.
The New GOP Power structure MUST rip out this IGNORANT and Failed scheme.
One of the BIGGEST failures of the Liberal-Tarians in the US House and US Senate – according to polling data – has been letting Obamacare go forward despite the massive and undeniable FAILURE of it.
And with the Shit-canning of Boehner, I think the MESSAGE is been received LOUD AND CLEAR…Obamacare MUST go, as soon as the new president is seated. We will Reward you, and No EXCUSE will be accepted…
They can’t rip it out, they have nothing to replace it with.
The GOP leadership in Congress has no intention of repealing Obamacare regardless of the 2016 elections.
You buy your insurance from the insurance company, you IGNORANT FUCK. That worked for 200 years…
Replace it with something that actually WORKS, Dumbass…
is it me or is loser boy going off the edge? Seems ot be even more of a liar/pussy/retard than usual…hmmmm me thinks his obsession with gay anal sex and pedophilia has gotten the best of him.
Why are you attacking Special Needs children. Hitler thought like you. He used hateful names toward kids that he saw as inferior.
possible when your blog failed it was due to the fact you never respond when called out as a liar just throw out the usual non-sequitur and hope everyone forgot the original comment? No im kidding..what i wrote was true but…it failed because you lose at everything, losers lose.
You just go deaf when the truth is presented to you…Dumbass…
The DNC trained you like that…It needs idiots who cannot hear reason…
I think he just admitted to being special ed.
You been under a fucking rock for the past few decades?
What would you know about buying health insurance from an insurance company? It isn’t and hasn’t been affordable for the average American in over a decade. I should know since I’ve been paying for a private policy for 12 years. My financial situation allows me to pay an arm and leg to BCBS though.
U R Fucked, LMAO !!
So many horror stories of people sent home to die because they couldn’t afford insurance.
So many horror stories of people going into bankruptcy because they couldn’t afford their medical bills even with insurance.
It hasn’t worked at all you ignorant shit.
You got it. Elect GOP for more money for nothing. Spend billions on nothing Great party !!
You done day got !
Not even possible. Fuck u Hitler !
Hitler was a champion of Socialized Medicine, just like you.
You’re still fucked, LMAO !!-
Well thought reply. Some of your very best.
Post-Hitler Germany is a champion of socialized medicine too.
Same with the UK.
Same with Canada.
Same with Australia.
Same with France.
Same with Denmark.
Same with Sweden.
Same with Norway.
Same with Finland.
Same with Switzerland.
Same with Japan.
Same with South Korea.
Same with New Zealand.
Get the picture yet?
Yes I do. Everybody has health care. Nobody goes bankrupt because of medical bills. They don’t have to choose between “taking their pills” and eating. What I also “get the picture” that they also don’t have the cultures of poverty that we don’t, that result in life expectancy rates for the poor about the same or worse than third world countries. And, spare me the pathetic “love it or leave it” comment. I’ve been hearing that from the sheep on the right since Vietnam, another great right wing success story. How about “love it and change it”?
A great day for the USA !
Am I missing something? Looks like the projected net income for 2014 was -$8.1 million and it was actually only -$3.8 million. It is projected to have another -$3.8 million year in 2015, with 2016 being the year it becomes profitable.
You CANNOT have a system that seeks non-payers and Takers, who refuse to take care of themselves, for a very EXPENSIVE, uncontrollable, and unpredictable service…and promise “Profitability.”
Stupid Bullshit like that is WHY we’re in such a Fucking mess now. And the programs before Obamacare are in the Amoeba sage compared to this Catastrophe of a Fuck-Up waiting to explode…
Again, this doesn’t address the fact that, according to the predictions, the SC Co-Op is doing better than projected.
If you believe ANY number the gov’t, or the media is feeding you about Obamacare, you are VERY naive.
We have 94 million people unemployed (highest number of unemployed in the history of the US) yet the media and the Obama gov’t tell you the unemployment rate is 5.4% or lower.
http://www.politifact.com/truth-o-meter/statements/2015/feb/10/ted-cruz/ted-cruz-says-92-million-americans-arent-working/
And ObamaCare has been underwater in the polls for months, Most Americans don’t like it. Running a forty per cent approval is not an overwhelming endorsement. Been that way for months.
John Roberts really screwed up, twice.
That should tell you all you need to know about Obamacare…
I still think 0bama has pics of Roberts screwing a dog or maybe a child.
It is my understanding that most people signing up are receiving mass subsidies, therefore crippling some state exchanges. I would stay away from this thing like I would stay away from a bad case of the ‘clap.”
The sad thing is, I could go to the doctor and get treated for and cured of the clap much quicker and for less money than this crap will cost me. Bastards stole $400 from me last year for not having their insurance and it will probably be $800 next year.
You are right, ObamaCare is so screwed up, no one likes it except the ones getting it with our money.
I keep saying that most of the working people in this Nation don’t understand how expensive and how bad the diminished service and treatment will be. Just wait till the full-scale disgust sets in.
ObamaCare approval is at forty percent, and most of those people are the ones getting it for free and die-hard ideologues.
Never had the clap, and I spent seven years in the Navy.
Guess I was lucky.
I’m just saying that it looks like the co-op was set up with an anticipation that it would be losing money for a few years, as most new companies do, before it became profitable. If that was the plan, then it looks like thing are going according to plan-better-actually as the co-op has 238% more people enrolled than they anticipated.
No. Its earnings are propped up by intra-system transfers. From Tenn Co-op to SC co-op.
Might be “funny money.
Where are you seeing intra-system transfers from the GAO report?
They are losing money hand over fist. They expected $60 million from the feds but got $80 million instead.
The extra $20 million produced only a $3 million “profit.” What happened to the $13 million?
Ask Sam Griswold, the big government lover and board member of the SC Co-op.He seems to know where all the taxpayer dollars go when they are liberated from the hardworking people that actually earned them!
Where are you seeing they received $80 million from the feds?
You don’t see it and that is the point. They were started with an $80 million dollar gift from the Feds.
Also, I hear they have transferred money from their TN sister co-op.
This are not going well for the Co-op. These things rarely do
They will not make it. Their books appear to have been propped up by inter system transfers.
And we have not seen the worst of ObamaCare yet. With these State Exchanges failing, premiums going up, service going down, we are only the edge of a great financial debacle.
ObamaCare is quickly becoming the patient and it is entering a “critical” state. This thing will have to be replaced soon. The number of insured is dropping, this thing will have a major effect on our economy.
Oh, I thought you were talking about corporations and farmers that you give welfare to–and like it
The Co-op is propped up by transfers between systems. In my humble opinion their true financial shape cannot be know with books like this.
are you part of a death panel if you are trying to take away healthcare from the sick?
Fewer people are insured now, than there were before Obama, and the Democrat Party, fucked it up w/ Obamacare….And the (PAYING) insured have less coverage for more costs so they are using the doctor less…endangering themselves.
So going by your analysis…Obama is increasing the Death Panels…Will you now concede the Republicans are right about Death panels?
no because more people are insured, you can spew that bullshit to your fellow right wing nuts because they just want talking points fact or fiction
Since every word of your statement is provably false, as usual..in other words you once again are proven as a liar/pussy/retard. You make so easy for us..hard to believe yoru blog was such a utter failure..pretty much sums up your life…right!!
did you notice fits had nothing to say about the planned parenthood hearing yesterday, the republicans made such fools out of themselves even fits can’t polish that turd.
He dosent report stupidity.
Bullshit. You are as fucking stupid as Baghdad Bob.
The DNC loves idiots, who will believe anything they tell you.
U r a dumb SC person. Fuck off !
I just thought of something, Bagdad Bob made it out of Iraq and is now on fits as Sic Semper Tyrannis. I thought I remembered that load of BS from some where. Thanks for reminding me.
We do love idiots, which is why we adore you. You make us look so much better! Thanks GT!
Kill em stupid
http://www.gallup.com/poll/182348/uninsured-rate-dips-first-quarter.aspx
Uninsured rate when Obama came in was 15.4%
Uninsured rate Q1 2015 is 11.9%
FUCK YOU GT!!!!!!
Death Panels existed long before Obamacare. They’ve existed forever in private health insurance companies and government healthcare programs like Medicare, Medicaid, Tricare, etc. They just go by a different name: denial of coverage. What you are referring to is a provision in ACA to cover/provide for end-of-life planning rather than patients and their families showing up with a life threatening medical problem or emergency and demanding that “everything possible be done for Me-Maw–no expense spared”, when 1) Me-Maw may want to die with dignity, and 2) that “no expense spared” results in costs for other people.
I know who the perp is! Ted Cruz in the bathroom with a lead pipe!
We need to kill more of our clients to raise our profits.
Just like killing babies, agreed .
Yea, I sucked it. Now I like it. LMAO !!!
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Can you name one truly private death panel? Just one- that is truly private, meaning it gets no money from government.
Kill em day got ?
Where us your dumbass ?
Man on man all of this be free stuff so we don’t care how much de lose!
Sam Griswold, the defender of the money losing SC Investment Commission, is on the board of directors of the SC Healthy Connections Co-ops. He advocated for and rammed though the outrageous pay of $585,000 per year. That same CEO also makes $300,000.00 per year running a co-op in Tennessee! (The Tennessee co-op just raised premiums 45%!!) This health care do-gooder CEO make nearly a million dollars a year, plus benefits.
The SC co-op received an $80 million dollar loan from the federal government (fat chance getting that paid back) and are blowing through that money like water.
Their balance sheet appear “propped up” by transfer between systems. Who knows who bad their real shape is…we will find out when they go broke and leave us taxpayers with the bill!
Sam Griswold is a big spending democrat that is supporting the worst performing investment commission in the country…one that the taxpayers will have to bail out.
Sam Griswold is a big spending democrat that is supporting the health care co-ops where the do gooders are getting rich and the taxpayers are left to pay the bill.
How much is Sam Griswold making off this? I don’t know, but Sam Griswold sure likes to be close too and support failing agencies that have huge sums of other people’s money. That is a recipes for those with sticky fingers to get rich!
Sounds like we need some deconfliction.
Senator Obama said in 2004 that he believed in Government-run health insurance for all Americans. But, he said that you could not simply implement single-payer in a single stroke. You’d have to get there using a back door method..and it would take several years to achieve.
I believe this is what we’re seeing. The Co-ops imploding, double-digit rate increases nationwide…and many major health insurers drastically reducing their medical provider networks, along with Prescription formularies for 2016. (Ex.. BCBS of IL and TX)
Depending on who is elected President in 2016, we may very well be close to single-payer shortly thereafter. The big wild-card will be the medical profession. Single-Payer will reduce their incomes and revenues down to Medicare levels…which is about 30% less than what they’re paid now by health insurance companies. Time will tell! The certain thing is that the course we’re on now is unsustainable.
Proving yet again : socialism has never worked anywhere it has been tried. Free markets have never failed anywhere they have been tried. WOW. Conservatives are never wrong, liberals are never right and moderates don’t know the difference. Next question. LOL
This article leaves out a few important facts and figures.
First, anyone in the health insurance industry knows that building a profitable health plan does not occur overnight. Secondly, as evidenced in the report cited in the article, the SC Co-OP reported a loss of $3,808,177, HOWEVER, the projected losses for 2014 (as submitted in their business plan) was -$8,135,435. The original business plan projected the plan being in the black by the end of 2016. At this point it appears the SC co-op is beating estimates by about 50%.
They also thought they were getting about $60 million from the Feds. They ended up getting $80 million.
Lets see, they got an extra $20 million of taxpayer dollars but only improved the bottom line by $3 million.
That is crap. Crap crap crap. I hope the Feds are going through those books!
It really doesn’t matter how much money Obamacare makes or loses; the quality of care will resemble the service level the Post Office, the DOT, or the DMV provides.
As time marches forward, as it moves farther away from the market- it will cost those paying for it more and more despite having similar government agency service levels.
The fact it’s losing less money than projected this year has nothing to do with the fact it already costs the taxpayers more than they were paying when it wasn’t in existence.
Everyone knew Obama was lying when he said it would actually reduce costs.