Three years ago, to promote the passage of the PPACA (“Obamacare”), Nancy Pelosi famously said, “We have to pass it to see what’s in it.” (I quote from memory.) Three years later, the country still has no idea what’s going to happen with the payment side of health care under Obamacare.
Senator Max Baucus (D-MT), a key creator of the legislation, is worried that implementation could be a “train wreck.”
Baucus, a Montana Democrat who is up for reelection in 2014, sharply criticized the administration’s outreach efforts in a budget hearing on Wednesday. He told Health and Human Services Secretary Kathleen Sebelius that people and businesses “have no idea what to do, what to expect” from the law.
I can confirm that, at least in the case of my employer. A series of meetings were held this week to update employees about changes to the plan for the coming year, mainly premium increases of over 13%. As far as being able to plan long term, though, the statement was, “There is zero visibility concerning what coverage options and costs will be beyond this coming year.” That’s a sign of bad legislation.