ObamaCare is a bad piece of legislation, creating defective bureaucratic structures to implement policies based on dysfunctional theories. Whether the question is defunding, delay, or outright repeal, ObamaCare deserves to go! ObamaCare is bad law that will make life unnecessarily worse for many Americans.
Under ObamaCare, health care spending is expected to rise, even beyond the usual inflation in medical prices. Obama’s economic advisers originally had calculated that the bill would reduce health care spending by $200 billion a year, Thus, Obama came to the conclusion that the bill would save the average family of four some $2,500 a year. However, recently, the Centers for Medicare and Medicaid Services calculated that ObamaCare would not reduce health care spending at all and would add about $70 billion per year in the immediate future. Estimates of the program’s expense keep growing. It will spend more than originally estimated, a lot more – like $7,450 in a decade! In 2010, CBO projected that ObamaCare would reduce the deficit by $140 billion through 2019; today that projection is a only $4 billion. The estimated tax increases in the bill have also doubled. Because of false calculations by Obama’s administration, the rising price tag means higher costs for consumers as well as taxpayers!
Men’s rates will increase more than women’s rates is one of the more naked bits of ideology apparent in the bill. Generally, women spend more on health care than men do, and that is why they have paid higher health insurance premiums. The architects of ObamaCare decided that this was not permissible, and so by fiat eliminated the difference, meaning a disproportionate increase in men’s rates. In addition, there can be only so much difference permitted in prices paid by the young and the old, thus, the young will pay much higher rates than most!
Remember, Sandra Fluke playing Veruca Salt at the national convention?
ObamaCare has issued the mandate that insurance cover preexisting conditions, thus, from this mandate is born the individual mandate. In addition, because of preexisting conditions mandate, a strong incentive for most people is to forgo insurance until they get sick, upending the operating model of insurance. The employer mandate, on the other hand, creates a powerful economic preferences for part-time workers since ObamaCare mandates coverage for those working 30 hours or more – a fact lost by many of Obama’s supporters in organized labor until recently! Remember, “The ACA will shatter not only our hard-earned health benefits, but destroy the foundation of the 40-hour work week that is the backbone of the American middle class,” reads a joint letter from the major labor unions.
The exchanges are set to open today are already showing signs of being disastrously mismanaged. The exchange in Washington, D.C., will be entirely useless for most since it will even have prices for policies. Washington State hopes to be operational in a few months, after it has addressed its “high error rate” in calculating credits. Colorado is in similar shape. Many states have no way of verifying that consumers are eligible for the subsidies they claim, and they have settled for now on the strategy of just taking everybody’s word for it. The exchanges will almost certainly fail to meet their enrollment goals, which presents a serious problem: Without all those healthy young people paying overinflated premiums, the finances of the underlying system will fall apart. In addition, even the ObamaCare website is messed up posting errors!