Remember all the promises Democrats made when they jammed Obamacare through Congress on a straight party-line vote?
It’s not working out so well. Obama’s signature legislative achievement, the grossly misnamed Affordable Care Act, has actually caused premiums, deductibles, and co-pays to go through the roof while narrowing provider networks. State health exchanges and co-ops are also going bust across the country, and insurers are getting out of the market completely
Obama also 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, and we know how that worked out under the one-size-fits-all plan.
“Insurers are raising the 2017 premiums for a popular and significant group of health plans sold through HealthCare.gov by an average of 25 percent, more than triple the increase for this year, according to new government figures…And 21 percent of the customers shopping in the federal exchange will find only one insurance company, compared with 2 percent for 2016,” the Washington Post reported as open enrollment is about to start.
Democrats are apparently finally waking up, or so they say, even though they claim Obamacare is working well for most Americans who get their insurance through the healthcare exchanges, i.e., those who qualify for offsets.
Minnesota Gov. Mark Dayton, a very liberal Democrat, admitted that Obamacare is “no longer affordable to increasing numbers of people,” while former president Bill Clinton called it a “crazy system” that doesn’t make any sense and that “kills” hard-working small-business men and women and individuals.
From The Hill:
Democrats are increasingly acknowledging that the Affordable Care Act has an affordability problem…Even President Obama said in a speech last week that ‘there are going to be people who are hurt by premium increases.’ Every one of these Democrats made the argument that Obamacare is working well for most people and that the problem of rising premiums is specifically focused on a minority of consumers who earn too much money to qualify for federal subsidies…Yet the problems with the law are leaving Democrats exposed to GOP attacks. Republicans have been beating the drum about higher premium increases this year, which are on average about 25 percent for a benchmark plan, the administration said Monday.
One problem with the subsidy argument is that the taxpayer-provided government financial help — which is on a sliding scale and is no way a real solution to skyrocketing premiums — provides a disincentive for consumers to become more productive and increase their earnings in a similar way that welfare discourages work.
Republican presidential nominee Donald Trump has vowed to repeal and replace Obamacare with a system that emphasizes more marketplace competition, while his Democratic counterpart Hillary Clinton claims she wants to fix it in some way. According to yet another WikiLeaks email hack, Clinton acknowledged that Obamare is a failure, although her solution seems to be more big government intrusion into the health insurance and the healthcare delivery system through a European-style, single-payer model.