- It has and will continue to increase the national debt.
- It will leave tens of millions of Americans still uninsured ten years from now.
- It has restricted overall economic growth.
- It raised taxes on all Americans in dozens of ways.
- It has reduced the job growth rate in this country.
- It has turned many full time workers into part time workers.
- It has generally increase the cost of health insurance, both premiums and deductibles, over what was available in the insurance market before it was passed.
- The Constitution was violated any number of times when the Obama administration unilaterally and illegally changed components of the law without the permission of Congress or the American people.
- The American people were lied to over and over, directly by the President and Democrats in Congress, on the ramifications of the law.
- It has caused millions of American to lose access to the current insurance policies they had.
- It has caused millions of Americans to lose access to their preferred doctors, preferred hospitals, and in many cases, current medicine treatments.
- It has likely increased the volume of people visiting hospital emergency rooms.
- It has caused thousands of doctors to retire early or change professions in order to not deal with the bureaucracy and idiocy of the law.
- It has exposed the inability of the Federal government and various state governments to develop, launch, and operate a successful program.
- It has exposed millions of Americans’ personal financial information to identity thieves.
- It never addressed, and thus, never resolved, the root causes of our escalating health care costs in this country.
- Mr. Hogberg quotes reporting by The Hill that government figures show that enrollment has already dropped to 7.3 million, down from the announced 8.0 million.
- The main reason for this large 9% drop already is that the lower number reflects the fact that 700,000 or so people never followed through to pay for their Obama Care policy and thus, they never acquired Obama Care insurance.
- Mr. Hogberg is skeptical that the 7.3 million number is legitimate since he cites the reality that last month, writer Jed Graham of Investor’s Business Daily reported that Aetna, the “nation’s third-largest health insurer had 720,000 people sign up for exchange coverage as of May 20, a spokesman confirmed to IBD. At the end of June, it had fewer than 600,000 paying customers.”
- That would mean that 17% of the drop in the total number Obama care enrollees came from just a single company, Aetna, 120,000 (Aetna’s lost Obama Care customers) divided by 700,000 = 17%.
- Thus, it is highly likely that the 700,000 number drop is too optimistic since if Aetna lost 120,000 customers (almost 17% of all of its Obama care enrollees), than what did the hundreds of other insurance companies lose including health insurance giants like UnitedHealthcare. Cigna, and others, both large and small?
- And this 700,000 drop does not include the 115,000 or more enrollees that are going to lose their insurance coverage since they never should have received it in the first place, per a previous post.
- Health economist John Goodman recently stated that three Federal Reserve Banks, in Philadelphia, New York and Atlanta, have surveyed the businesses in their Fed area and roughly one fifth of the employers are saying they cut back on employment: “Roughly one fifth are saying they’re moving from full time to part time. More than one in ten are saying they’re doing more outsourcing – all this because of the new health care reform.”
- Goodman has gone on to say: “And so we see this everywhere that people are restricted, they’re pushed below 30 hours, they count as part time and when they’re part time, the employer doesn’t have to provide health insurance. Even among full-time workers, their take home pay is going to go down because one thing that almost all the employers are doing in response to Obamacare is raising the deductibles, raising the co-payments and making the employee pay more of the premium.”
- Doug Holtz-Eakin, former Director of the Congressional Budget Office, recently stated: “For the smaller employers — those that have between 20 and 49 employees — you get a negative impact on jobs, you get a negative impact on wages in those jobs. What this means for small business as a whole is over $22 billion of earnings gone for their workers and 350,000 jobs.”
- Merrill Matthews of the Institute for Policy Innovation: “You have a kind of a natural cliff there, that keeping your employees under that magic number relieves employers of the mandate to provide insurance. The 30-hour cutoff is how the administration determines whether you’re full time or part time."
- Tevi Troy of the American Health Policy Institute: “Yes we are going to see increased cost to employers who are trying to provide health care for their employees, but employers don’t just take that lying down.”
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