ObamaCare is beyond critical now and has officially entered life support and on the verge of death.
According to an analysis by The Fiscal Times, the Affordable Care Act only managed to reduce the percentage of Americans without health insurance by 2.7 percent – from 13.9 to 11.1 percent.
This is far, far below the intent. Even worse, costs have not been reduced, as was claimed when Democrats torpedoed the law through Congress without a single Republican vote.
Medicare spending rose 11 percent in one year, health care spending rose 5 percent.
The Centers for Medicare and Medicaid Services (CMS) released a study confirming these figures. “The result,” they write “is a return to faster growth, largely influenced by the coverage expansions of the Affordable Care Act.”
There were three claims Democrats made when passing Obamacare:
First, they argued that the United States had too many uninsured people, with estimates ranging from 30 million to 45 million.
Second, the rise in costs for health care outstripped inflation, and the market required an intervention that would bend the cost curve downward.
Third, Democrats claimed that insurance companies made too much profit and shorted most consumers on care, while those with generous health plans – so-called “Cadillac plans” – drove up utilization rates and costs for everyone else.
In all three cases, Obamacare failed to solve the problems.
So let’s recap. Obamacare has depressed job growth, costs are escalating at a higher rate, barely a dent has been made in the numbers of uninsured, and insurers are either exiting the markets or failing altogether. Under any other circumstances, a program that failed on its promises so badly would have all sides moving quickly to repeal it and work on a replacement. Don’t bet on that outcome from this White House and its dwindling number of Democratic supporters on Capitol Hill. They will surely try to sell us the illusion of competence and success.
That doesn’t mean we have to buy it.
About Robert Gehl
Robert Gehl is a college professor in Phoenix, Arizona. He has over 15 years journalism experience, including two Associated Press awards. He lives in Glendale with his wife and two young children.