Saturday, March 27, 2010

Well, That Didn't Long Did It?

We've been told that it will take four years for the "upside" of ObamaCare to kick in-rationing, death panels, reduced standard of care, but the "downside" is already here:

It's been a banner week for Democrats: ObamaCare passed Congress in its final form on Thursday night, and the returns are already rolling in. Yesterday AT&T announced that it will be forced to make a $1 billion writedown due solely to the health bill, in what has become a wave of such corporate losses.

This wholesale destruction of wealth and capital came with more than ample warning. Turning over every couch cushion to make their new entitlement look affordable under Beltway accounting rules, Democrats decided to raise taxes on companies that do the public service of offering prescription drug benefits to their retirees instead of dumping them into Medicare. We and others warned this would lead to AT&T-like results, but like so many other ObamaCare objections Democrats waved them off as self-serving or "political."
AT&T is joining Caterpillar, John Deere, Verizon and Valero Energy, all who have announced in the last couple of days that ObamaCare is going to cost them millions of dollars and cause them to layoff workers, reduce benefits and raise prices.  And we're not even one week in to this idiocy.

As the Wall Street Journal notes, Democrats are shocked that there are negative consequences to ObamaCare.  Instead of the rainbows and unicorns that Dems were sure would magically appear to herald the advent a new era of domestic bliss in the country they've been greeted by the grim reality that their "historic" legislation will further tank an already muffed up economy. 

Consequences are a bitch but necessary to the learning process.  Granted, Dems are slow learners but I have to believe that the reality of the current situation will eventually sink in.  I predict the Dems will see the light sometime around the first Tuesday this November.


BoR said...

Oh it gets even worse. The Medicare cuts cut Dialysis funding - a law since 1974 suborned with the stroke of a pen. 300,000 people are currently on Medicare for Dialysis and because it's covered by Medicare private insurance generally will not cover it. So. That's 300,000 people who are completely screwed.

With care, the death rate is 20% per year. They didn't cut it completely. But the result will be the same. DaVita and the other clinics are lowering their targets for red blood cells (the things that give you energy and the will to live) and other standards of normal because the drugs are not cheep. They know it's a death sentence but better to keep people barely alive, yes? Than dead. People who are currently managing to work while on dialysis will not be physically able to function and will be completely disabled. It's going to cost one way or the other. I'm guessing the idea is to kill them off. As with abortion a disproportionate number of people with ESRD are black. Tell me why they voted for Obama again?

BoR said...

To clarify for anyone who has never heard of Eugenics because they attended public school - when the population is cared for from cradle to the grave governments try to get rid of "the undesirable classes". Google that phrase. Also google "Three generations of embiciles is enough" for a harsh lesson in why it's now perfectly acceptible - with the new health care bill - and even necessary to fund abortion and defund things like dialysis.

Carol said...

Everyday something new comes out. This is horrible! My son's father-in-law died two weeks ago due to complications from diabetes. He relied on dialysis to keep him alive.

I've long believed that progressivism and eugenics go hand and hand. They, blacks, ontinue you to vote for the Dems because they have been led to believe that they are dependent on government for their most basi needs. Sadly, we have generations of black children who have never experienced independence.

SwampWoman said...

That is indeed terrible! The bodies are going to start piling up in short order.