Saturday, July 21, 2012

"Obamacare will devastate Wisconsin."

The good news is that responsible budgeting has put our state in a fairly unique position: Nearly 91 percent of Wisconsin residents have health insurance. According to the latest nationally available data, only three states have higher rates of coverage.


The bad news is that, from a practical standpoint, Obamacare will devastate Wisconsin. An actuarial study commissioned by my predecessor, a Democrat, and completed last year found that if Obamacare is implemented in Wisconsin:


● 100,000 people will be dropped by their employer-sponsored health insurance;


●59 percent of people who buy their own health insurance will experience an average premium increase of 31 percent;


●150,000 people will stop buying health insurance in the private sector and will instead become dependent on the government and taxpayers;


●Between 2014 and 2019, Obamacare could cost Wisconsin taxpayers $1.12 billion; after all federal aid and tax credits are applied, the state's portion of the bill will be $433 million; and


●Approximately 122,000 parents, caretakers and pregnant women with an income of more than 133 percent of the federal poverty level will no longer be eligible for Medicaid.

http://www.washingtonpost.com/opinions/scott-walker-in-wisconsin-obamacare-is-not-a-healthy-prescription/2012/07/11/gJQAhcm3eW_story.html?hpid=z2

Interesting stats - do you believe him? I don't think anyone can even guess what the impact of the implementation of Obamacare will be, but we know from past example of centralized government that the negative unintended consequences will be significant.

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