(Natural News) Congressional Democrats and their supporters on the far Left are cheering the failure of the Republican-led Congress’ first attempt to repeal and replace Obamacare. But their glee masks the awful truth about the health care “reform” law they and Barack Obama imposed on the country: The law has been an unmitigated failure and is now on course to destroy what’s left of the health care industry, along with the lives of Americans who depend on it.
Through denial, redirection, and outright fabrication, Democrats continue to lie to us about how “successful” Obamacare has been in insuring people who previously had no coverage. But the fact is, for most of those people, they have coverage in name only; having actual access to health care providers is another story altogether. (RELATED: Read Con: ObamaCare Was Designed To Fail ON PURPOSE To Usher In ‘Single Payer’ System.)
Indeed, Obamacare has failed to deliver as promised in at least 10 major ways, including:
- Obamacare is UNaffordable: During the year-long sales pitch in 2009-2010, before Obamacare was formally passed and signed into law, the 44th president and congressional Democratic leaders like Nancy Pelosi and former Sen. Harry Reid, lied repeatedly in claiming that the reform measure would lower monthly healthcare premiums. That isn’t even true for Americans who had no health insurance but are now subsidized under Obamacare’s Medicaid expansion, since now they’re at least paying something for coverage. But the vast majority of Americans who don’t rely on taxpayer handouts are paying far higher premiums than before Obamacare was enacted – in many cases 60-90 percent more.As for those subsidies, former Treasury Department and Office of Management and Budget staffer J.T. Young noted in RealClearMarkets that “successful economic models” do not need to be subsidized. “Producers create a product consumers want to buy and realize a competitive rate of profit. Both sides gain and willingly enter into a transaction. Absent that mutually beneficial relationship, there is no market.”Another reason why premiums are going up is because Obamacare requires all plans to cover a set number of conditions – and consumers, in most cases, don’t want or need all of the coverage that is required.
- Out-of-pocket increases: In addition to monthly premiums, plan deductibles are also wildly inflating. Obamacare Silver and Bronze plans are going up by as much as 21 percent, according to CNBC, and in the private sector, it’s not uncommon at all to find annual deductibles of $5,000 or more. That is a very big deal since most Americans have said they can’t even find 500 bucks in an emergency if need be.
- No options: Because the Obamacare business model is anti-free market and anti-competitive, insurers are leaving the market in droves. Most Obamacare exchanges (those that remain) only offer one insurer option; many of the biggest companies like Blue Cross and Aetna have begun to exit the marketplace because they are losing hundreds of millions of dollars per year.
- Co-opts are imploding: At their peak, there were 23 state-level co-opts created under Obamacare, but at least 15 have been shuttered because they were economically unsustainable. That is because the law’s risk adjustment provisions that compel insurers with healthy customers to redistribute wealth to those with sicker customers has resulted in a total loss to taxpayers of $1.5 billion. (RELATED: The one element that should be in ANY Obamacare repeal is freedom.)
- Medicaid expansion burden: Obamacare extended Medicaid coverage to millions of Americans who otherwise made enough money that they didn’t previously qualify for a program that was set up to provide health coverage for poor people. Thirty-two states and the District of Columbia were foolish enough to expand Medicaid and now they’re paying the price, literally. Costs are 49 percent higher to states than they were promised, due to higher-than-expected enrollment (which makes sense when you consider if you give something away for free, most people are going to take it). In all, 11.5 million have signed up in states under expansion when less than half that – 5.5 million – was anticipated.
There are more Obamacare fails too – longer E.R. wait times, a shortage of primary care providers, etc. – which add to the fact that the law is an unmitigated disaster imposed by Obama and Democrats that the Republicans and President Donald J. Trump now have to fix.
And they have to fix it. They promised to do so, and because of these and other Obamacare fails, Americans are expecting them to do just that.
Before they go broke paying for mandated “coverage” in name only. Keep up with the healthcare conundrum as it develops at HealthCoverage.news.
J.D. Heyes is a senior writer for NaturalNews.com and NewsTarget.com, as well as editor of The National Sentinel.