In selling Obamacare, aka the misnamed Affordable Care Act, President Obama promised American consumers that they could keep their existing healthcare plan and doctor if they wanted to and that each family would save about $2500 in premium costs.
None of that turned out to be true about the law that the Democrats jammed through Congress on a straight party-line.
Obama’s signature legislative achievement has actually caused premiums, deductibles, and co-pays to go through the roof while narrowing provider networks. Double-digit rate hikes are projected in many states. Because it really amounts to an involuntary income transfer, Obamacare premiums have soared in part because the one-size-fits-all law forces consumers to pay for coverage that is wholly inappropriate for their age, gender, or other characteristics.
Low-income consumers receive a subsidy to help defray Obamacare premium expenses, but through that process, the law provides disincentives for individuals to become more productive and boost their earning.
Bottom line, Obamacare has made healthcare less accessible and less affordable for consumers who obtain their insurance through the exchanges and co-ops, many of which are going bust. Lots of insurance companies are pulling out of the individual Obamacare market. Workers with employer-provided healthcare insurance have also been hit with higher contribution amounts.
Even former President Bill Clinton, while campaigning in Michigan for his wife, Democrat presidential nominee Hillary Clinton, acknowledged that Obamacare is a “crazy system” that has failed the middle class.
Prominent conservative pundit Michelle Malkin, a Colorado resident, is one of millions of Americans who has been caught in the Obamacare nightmare as she explains about her “nosebleed expensive” health insurance in a column posted at Real Clear Politics.
Over the past three years, my family’s private, individual health insurance plan — a high-deductible Preferred Provider Organization — has been canceled three times…Like an estimated 22 million other Americans, I am a self-employed small-business owner who buys health insurance for my family directly on the individual market (as opposed to group insurance through a company or third party)…Once again, however, I’ll soon be talking about our plan in the past tense. Choices for families like mine have evaporated in the era of Obamacare…It’s a nationwide implosion.
For the left, the actual end game of the Obamacare fail seems to be socialized medicine, i.e., a completely government-run, “single payer” health insurance program such as what is in effect in Europe and Canada.
This wealth redistribution Trojan horse was sold to gullible Americans as a vehicle for expanding ‘affordable’ access to health insurance for all. Now, millions of us are paying the price: crappier plans, fewer choices, shrinking access to specialists, skyrocketing price tags — and no end in sight to the death spiral. Mission accomplished.
Republican presidential nominee Donald Trump has vowed to repeal and replace Obamacare.