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Friday, March 16, 2012

Deconstructing Obamacare

Obamacare, like everything else the government does, is a costly nightmare. In fact, it's so bad that the Dems insisted on postponing implementation of the worst of it until after the 2012 general election. Still, Obamacare is already driving up the cost of healthcare which has already soared by 9%.
The stated objective of Barack Obama’s socialized medicine law is to expand access to quality, affordable health care in America — hence the statute’s title, the “Patient Protection and Affordable Care Act.”. Instead this Orwellian nightmare will have precisely the opposite effect: dramatically increasing federal outlays (by an estimated $2.5 trillion over its first decade) while limiting disposable income on multiple fronts, not the least of which is its estimated $500 billion in tax hikes. Like most unnecessary expansions of government, Obamacare doesn’t achieve its objective of “affordable” coverage either. As Obamacare’s first round of mandates and tax hikes kicked in last year, family health care costs soared by nine percent. And according to projections released by the Office of the Actuary in the Centers for Medicare and Medicaid Services, net health care costs for 2014 — the first full year of the law’s implementation — will increase by 14 percent.
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