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The Misery Money Medical Machine

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Dr. Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has held many university appointments.

In 2013, Roberts published an anonymous, critical analysis of Obamacare titled, “Obamacare: A Deception” which details how “Obamacare works for the insurance companies but not for you” and why “The legislation neither protects the patient nor are the plans affordable”. The same author in a 2014 sent Roberts a followup, “Obamacare: The Final Payment: Raiding the assets of low-income and poor Americans”, which explains how aspects of the law mean the “poorest Americans will pay the highest cost of health care as they, and they alone, are subject to having the family home and any other assets…confiscated by the state in order to reimburse Obamacare for the cost of their medical expenses.”

Now, even doctors are frustrated with it. In 2012, 54 percent of physicians supported the health reform law, 29.3 percent didn't, and only 16 percent said they were strongly opposed to it. In 2016, 47 percent consider the ACA “a great disservice to Americans”. Forty-five percent take the middle ground and only 7.5 percent think “it has been great”.” Nearly half (45 percent) think the ACA should be repealed and/or replaced.

Providers are pulling out. Obama is meeting with those that remain.

In some exchanges, only one provider is available, making health care giants start looking like cable companies to their captive customers. Maybe we will eventually come to our senses and do what the rest of the developed world did long ago - Universal Health Care.