Public support for the new healthcare law has dropped significantly, with just 34% of Americans viewing the law favorably, the lowest level of support since the president signed the law in March 2010.
A new survey by the nonpartisan Kaiser Family Foundation, deals a blow to the Obama administration as Republican presidential candidates keep up their pledges to repeal the president’s signature domestic legislative achievement. 'Much of the decline appears to have been driven by faltering support among Democrats, just 52% of whom said they view the law favorably, down from 65% a month earlier. Support among independents dropped from 36% to 32%. And support from Republicans fell from 14% to 11%.'
Meanwhile, even the largest businesses are openly saying the "The current healthcare system is unsustainable," - Greg Rossiter, Wal-Mart spokesman. "Like all businesses, we're making choices we wish we didn't have to make."
"Wal-Mart is coping with higher healthcare costs by reducing the number of its 1.4 million U.S. workers who qualify for coverage. New employees working fewer than 24 hours a week will no longer be insured.
The company is also jacking up rates for everyone else, with annual premiums for full-time workers soaring about 36%."
"When Wal-Mart, the country's largest private employer, announced the other day that it's cutting back on health coverage for workers
, it wasn't just the latest sign that our healthcare system is out of reach for a growing number of people.
It was also the clearest indication to date that our employer-based health insurance system has let us down, saddling millions of families with rising healthcare costs and leaving millions more out in the cold.
"The system is failing us," said Alain Enthoven, a professor emeritus at the Stanford Graduate School of Business who served as a consultant to the Carter administration on healthcare issues. "It hasn't worked out as intended.""
'So if we ditched the employer-based system, what would replace it? A Medicare-for-all program would certainly fit the bill. Barring that, the solution may lie in the insurance "exchanges" that will be established in 2014 under President Obama's healthcare reform law.'
At the same time, that may not even be an option, should the Republicans capture the White House in 2012. Their promised repeal of the Obama healthcare reform law would be made a lot easier, given that the law finds so little support among the voters.