Obamacare will probably continue as the law of the land in spite of the fact that it is very likely the worst law ever passed. As a result of it, the following has happened:
Six million people have had their health insurance canceled.
People who had chosen not to insure themselves will now have to pay a tax if they don’t sign up for the coverage.
The administration claims that 7 million have signed up, but it can’t tell us how many have paid and actually put the coverage in force, nor can it tell us how many of the 7 million had coverage before or how many previously uninsured have signed up.
Estimates show that four in five who signed up will receive a subsidy, increasing government spending.
Estimates also show that three of four will pay more for their coverage with higher deductibles and out-of-pocket expenses.
There are 21 new fees and taxes built into the law that raise the cost of coverage for everyone.
Actuaries have emphasized that they needed 40 percent of the enrollees to be under 30 to offset the subsidized cost for older enrollees. The administration can’t tell us what the percentage actually is, but apparently it is considerably lower that what is needed to avoid rate hikes.
Government spending on promotional ads is nearing $1 billion.
Even with its flaws, the old system covered more people, had lower premiums, allowed people to keep their doctors, had lower deductibles and lower out-of-pocket expenses, meaning better health care at lower costs.
Obamacare has accomplished one important thing, however. Our government has taken over one-sixth of our economy and has in effect given the government unprecedented control of our lives.
This poses the question: Should Obamacare be fixed or repealed? There are so many problems in the law — many that haven’t even come to the surface yet — that repealing it and replacing it with a sensible, well thought-out program is the only sensible solution.
CHRISTOPHER S. MOODY