Please Pass the Mayo
The train wreck that is Obamacare just added another stop on its route. Bloomberg is reporting on a Mayo Clinic announcement that the medical care provider will drop thousands of Medicare patients from its Glendale Arizona clinic.
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.”
The article goes on to explain that the Mayo’s nationwide operation lost $840 million in 2008 treating Medicare patients. All this before Obamacare takes hundreds of billions of dollars in Medicare funding.
The point is not that Medicare is underfunded per se, but rather that government intervention into the insurance and medical care markets has been disastrous. As each year passes, the magnitude of that disaster increases. Obama’s health care overhaul will accelerate the process exponentially.