EDITORIAL

The Golden Age of Supplements

I t is increasingly predicted by members on both sides of the aisle (opposing parties), that the Affordable Healthcare Care Act (ObamaCare) is likely to be a “train wreck.” This means that healthcare will become more expensive (less affordable) and harder to get (there will be less healthcare), especially for those whose “social utility” is low (i.e., seniors and the kinds of people the IRS has been tracking). Don’t forget, the IRS will be in charge of enforcing the Obama­Care. Are they likely to shed their “biases”?

The Train Wreck Club

“I just see a huge train wreck coming down. [Emphasis added]” That’s what Senate Finance Committee Chairman Max Baucus (D-Mont.) told President Obama’s healthcare chief during a routine budget hearing that suddenly turned tense.1 Remember that Senator Baucus bears more responsibility for the complexity of this law than anyone, according to Kansas Rep. Mike Pompeo.2 Perhaps not surprising, after his train wreck statement, Sen. Baucus announced his retirement. The train wreck club also includes none other than Harry Reid, Senate Majority Leader, who said that he, too, shares his colleagues’ concerns that the Affordable Healthcare Act will be a “train wreck” if it is not implemented properly.3 All it takes is more money. And lots of it!

Reflective of the forthcoming train wreck, there are already efforts to raise money from non-governmental sources to support it. According to widespread reports in the press, U.S. Department of Health and Human Services Secretary Kathleen Sebelius is raising money from the private sector—including from health-care executives—for use by a private entity that is helping to implement Obama­Care.4 That entity is Enroll America—run by a former White House aide. Then there are increased efforts to increase taxes to support it, or as Secretary Sebelius has reportedly done, moving money around from elsewhere in her department to try and fund ObamaCare.

Get Ready For Bare Bones Plans

Most hurt by ObamaCare will be those who wait until the last moment. The Independent Payment Advisory Board (IPAB), which is a central element of ObamaCare’s cost-control scheme, must develop for 2013 a proposal to reduce Medicare spending in the implementation year by a specified amount, even though Medicare’s founding legislation states, “Nothing in this title shall be construed to authorize any Federal officer or employee to exercise any supervision or control over the practice of medicine.” But IPAB is an independent authority whose central idea is to take power away from Congress (and special interests) in order to give it to those knowledgeable in health care policy. So the only way, short of an avalanche of money, is healthcare rationing.

Preventative Medicine Will Become More Popular

The main take-away from all of this is that without the availability of many treatments, exacerbated by added millions of people permitted and encouraged to enter the rolls of “patients” (waiting will require a lot of patience), many people will turn to preventive measures. Even though according to the Act, no one can be refused insurance, even after the fact of coming down with a major disease, where will the money come from?

For those of us who have already seen the light, independent of the forthcoming train wreck, the future is clear. For those who haven’t yet gotten there, the failure of the Act will drive huge numbers into preventive care. That will propel more investment into the true preventive industry and help to create a golden age of supplements.

References

  1. Baker S. Baucus warns of “huge train wreck” enacting ObamaCare provisions. The Hill. April 17, 2013.
  2. Pompeo. The ObamaCare train wreck. A raft of former Democratic proponents are so eager to distance themselves from ObamaCare that they are looking for a scapegoat. USA Today. May 10, 2013.
  3. Bolton A. Reid: More funding needed to prevent ObamaCare from becoming “train wreck.” The Hill. May 1, 2013.
  4. Alexander L. Lamar Alexander: Kathleen Sebelius, Meet Oliver North Is the Department of Health and Human Services engaged in a domestic Iran-Contra? The Wall Street Journal. May 22, 2013.

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