Bloomberg tells us:
The Mayo Clinic, praised by President Barack Obama as a national model for efficient health care, will stop accepting Medicare patients as of tomorrow at one of its primary-care clinics in Arizona, saying the U.S. government pays too little.
More than 3,000 patients eligible for Medicare, the government’s largest health-insurance program, will be forced to pay cash if they want to continue seeing their doctors at a Mayo family clinic in Glendale, northwest of Phoenix, said Michael Yardley, a Mayo spokesman. The decision, which Yardley called a two-year pilot project, won’t affect other Mayo facilities in Arizona, Florida and Minnesota.
Obama in June cited the nonprofit Rochester, Minnesota-based Mayo Clinic and the Cleveland Clinic in Ohio for offering “the highest quality care at costs well below the national norm.” Mayo’s move to drop Medicare patients may be copied by family doctors, some of whom have stopped accepting new patients from the program, said Lori Heim, president of the American Academy of Family Physicians, in a telephone interview yesterday.
“Many physicians have said, ‘I simply cannot afford to keep taking care of Medicare patients,’” said Heim, a family doctor who practices in Laurinburg, North Carolina. “If you truly know your business costs and you are losing money, it doesn’t make sense to do more of it.”
This is the same government that wants to expand from just Medicare to the entire healthcare of every US citizen. Can you imagine the headlines 10 years from now if ObamaCare passes Congress?
Bloomberg also tells us:
Taxpayer losses from supporting Fannie Mae and Freddie Mac will top $400 billion, according to Peter Wallison, a former general counsel at the Treasury who is now a fellow at the American Enterprise Institute.
“The situation is they are losing gobs of money, up to $400 billion in mortgages,” Wallison said in a Bloomberg Television interview. The Treasury Department recognized last week that losses will be more than $400 billion when it raised its limit on federal support for the two government-sponsored enterprises, he said.
Here is another government-sponsored enterprise (meaning the US taxpayers pay all the costs) that is in the toilet. Of course you haven’t forgotten Social Security, have you?
Again, can you imagine the headlines 10 years from now if ObamaCare passes Congress? By then Obama and Pelosi and Reid will be long-forgotten histories, leaving no one but you and I to either pay trillions to stop the financial bleeding, or just pay hundreds of billions and pass the real burden off to our children … just like Medicare and Social Security.
This is why you were screaming so loudly for Obama? This is why you pasted that Obama/Biden sticker on your car? This is why you bought that Change We Can Believe In t-shirt?
Mayo Clinic, Obama, health care, Medicare, health-insurance, Taxpayer, Fannie Mae, Freddie Mac, government-sponsored
