Supporters of ObamaCare have celebrated the idea that the socialized medicine program will cover Americans with pre-existing conditions who might otherwise struggle to get insurance.
But millions of those patients may not get coverage after all, because far too little tax money has been allocated to provide it — even with ObamaCare’s trillion-dollar-plus cost!
“The new health care law does not allocate nearly enough money to cover the estimated 5.6 million to 7 million Americans with pre-existing medical conditions who will qualify for temporary high-risk insurance pools,” The New York Times reported recently, citing a report by the nonpartisan Center for Studying Health System Change.
The roughly $5 billion that is supposed to cover people in those high-risk pools may cover only about 200,000 individuals per year, the center noted.
Those insurance pools are supposed to tide patients over until 2014, when ObamaCare will forbid insurers to deny coverage to people with pre-existing conditions.
But if $5 billion is enough to provide care to only 200,000 patients, basic math suggests that the cost to care for millions more patients would be well over $100 billion — per year!
Do you believe that current cost estimates of ObamaCare are realistic? Or do you fear that its costs — and the higher taxes that will be required to pay them — have only just begun to become apparent?