Many Americans were excited when Hillary Clinton tried to establish a single payer healthcare system during the Clinton Administration. The same people jumped for joy when Obamacare, or The Affordable Care Act became the law.
Even many of those who were leery of the mandatory buy-ins and the imposing fines that loomed over the heads of anyone not receiving Medicaid still hoped that healthcare in this country would become more affordable and that the available care would be of a higher quality.
But for many Americans, these hopes simply vaporized. Recently, Rep. Michael Burgess noted that after six years of Obamacare, the benefits promised by the administration have failed to materialize.
The United States, he says, is “finally waking up” to the unpleasant fact that Obamacare has failed to deliver as advertised, and that it is unsuccessful.
“The first step we need to take to resolve this crisis is to admit that we have a problem,” the Texas Republican said to Fox News’ “Fox & Friends.” “The co-op has most definitely failed.”
Burgess says that some states, like his home state, never had any ACA exchanges set up.
“But within the individual markets, for the person who has never had medical insurance- who decides to go to the president’s website, healthcare.gov and buy the coverage offered, their policies have gone up in price so much over the previous three years that they’ve been available that most people are just walking away,” the lawmaker said.
The President, while promising significantly lower costs through his healthcare reform law, also gave his word that anyone who is happy with the doctors they had before signing up could stay with them. However, in addition to the ACA’s escalating prices, people have also been forced to switch doctors under the changes that have been made to the law.
Now, if Hillary Clinton is elected, she has expressed an interest to count in “illegals to receive its benefits,” according to Burgess. “While our hard done by veterans are not receiving the benefits they deserve.”
It’s the kind of thing that some commentators have called “The Totalitarian Tiptoe,” an idea that relies on a deep-seated mistrust of left-wing ideas and policies- that once they get their foot in the door, no matter how magnanimous they may sound, they will use the power given them to transform their policies into overly intrusive and money grabbing scams at a direct cost to the American people.
In the weeks and months following the ACA being drafted into law, Republicans went to work tirelessly to repeal it. They said it was dangerous, tyrannical, and that it could easily be abused.
Once you give in to the idea of a mandate, they would say- you give the Administration permission to walk all over your affordable healthcare.
As it turns out, they were right.
We were warned that the plan had ‘backdoors’ through which its policies and promises could be changed- and changed in ways that would hurt working people, and job creators.
Coming this November, just a little over a week from now, the morbid slog across the ever more bleak and barren landscape that is Obamacare will begin all over again. Consumers will likely be confronted with shocking price hikes for their individual insurance policies.
Some of these plans might cost on average 43% to 55% more than they do now. A hike like that could bury families and demolish small and middle sized business enterprises- to say nothing of new and unestablished companies not big enough to receive corporate welfare.
And it will be the same story all across the country: a portion of states approved the proposed 2017 rates with equally shocking premium hikes.
Obamacare has failed because it’s creators, (we’re looking at you too Mitt Romney), flunked Human Nature 101 as well as Economics 101. It railroaded insurers into providing exorbitantly expensive, comprehensive policies.
It was so inflexible that people could not buy the amount of coverage they wanted or could afford- rather than the amount that the government demanded they buy. Many otherwise healthy people tend to opt for catastrophic coverage. But Obamacare failed to attract them and couldn’t convince them to buy only on the off chance that they might get sick.
Obamacare also failed because the draconian penalties for forgoing coverage are too low when compared to the skyrocketing premiums it imposes. Next year, the penalty for remaining uninsured raises to $695 for every adult. That’s roughly 2.5% of the average family’s taxable income. Far less than Americans would pay for ACA coverage.
Our Financial Advice: Skip Obamacare.
Regards,
Ethan Warrick
Editor
Wealth Authority
