Naturally in my circle of colleagues and acquaintances, there are a lot of critics of ObamaCare who object to it not just on principled grounds, but also predict that it will “wreck” U.S. health care delivery. However, what I realized just the other day is that when I consider the people who actually work in the health care sector–including medical doctors but also researchers, lawyers, and administrative assistants–they tell me it’s going to blow up pretty quickly.
Specifically, nobody sees how doctors and hospitals can continue to operate in the coming years, with the amount of regulations and pay structure that are being foisted on them. My point is that the actual people in the trenches are far more pessimistic than the academic economists (like me) who don’t work day to day in the health care sector and who consequently are looking at the issue in terms of big-picture ideas rather than specific dollar amounts.
As Joe Salerno explains here, the federal government might hide the true nightmare by just forcing the taxpayers to eat the losses. But how long will that work? To reiterate, the reports I’m hearing (completely anecdotally of course) from actual doctors and people who are familiar with hospital billing are that this thing is going to be a bloodbath.
Last thing, check out this discussion from one of the leading ObamaCare wonks, MIT’s Jonathan Gruber: ”The advocates who say [ObamaCare] is working great are saying too much. And the opponents who say it’s working terribly are saying too much. We simply do not know how its working yet,” Gruber said, adding that details would start to emerge over the next several months…”We just need to be patient and let it work out. And you know what, if it turns out to be bad, I have every faith in the American system that they’ll get rid of it.”
The only adequate response to Gruber’s claim: