Obamacare: Promises vs. Reality

Posted on November 5, 2013 by

3


Jim Geraghty is one of my daily reads as I scan the web for news and notes.* Today, he offers a devastating list of President Obama’s promises regarding the Affordable Care Act contrasted with the current realities. Here is an excerpt:

Obama said, on September 26,

“Premiums are going to be different in different parts of the country, depending on how much coverage you buy. But 95 percent of uninsured Americans will see their premiums cost less than was expected…”

Geraghty comments,

Er… no: “Today, the Manhattan Institute released the most comprehensive analysis yet conducted of premiums under Obamacare for people who shop for coverage on their own. Here’s what we learned. In the average state, Obamacare will increase underlying premiums by 41 percent.”

For more comparisons, see the full post.

I will only add one caveat. There is little question that things now are nearly the opposite of what President Obama and the Democrats either intended or said. There is still a possibility that time and effort will fix some of these issues. I would not be surprised, for example, if the website bounces back. But, I cannot imagine how the A.C.A. will reduce health care costs. Those who are forced into the exchanges through canceled policies are having to pay much more on average (because the government approved policies offered on the exchanges cover more things and therefore cost more) and those who keep their insurance will likely see increased premiums so insurers can compensate for losses in other parts of the system.

The real question, I suppose, is will these things be enough for citizens to demand change? We shall see, but I assume not.

*For anyone who wishes to get a slice of focused, edited news with a dash of interesting commentary, sign up for his daily email the Morning Jolt.

Advertisements
Posted in: Obamacare