We are now several months into the big rollout of some of the key aspects of Obamacare. Some of the quickly done elements were the easiest and most widely agreed to. Keeping children on to 26 and pre-existing conditions.
But in reality those are small parts of the law. The bigger and more controversial parts are kicking in now and people are not happy. The Washington Post and others have said that “If you like your insurance, you can keep your insurance” is the biggest lie of the year. In reality, it is an even bigger lie next year as the same provisions that affected the individual market will reshape employer provided health insurance. We have already seen the law create new unemployment and underemployment through its provisions around numbers of hours and numbers of employees. This now spreads into all business where the cost of insurance is soon to rise and there will certainly be many plan changes that will not allow people to keep their doctors. 5 to 10 times as many policies will be affected negatively as have been so far.
Costs continue to rise, despite lie #2 ($2500 savings per family). There are no savings. Costs are – of course – going up. As anyone with any economic sense predicted at the beginning. More doctors are leaving the insurance based market altogether due to the amount of overhead going to bureaucrats and administrators. This is decreasing the availability of actual health care. It does us no good to improve insurance and reduce care.
Very little good has come of Obamacare. Much more damage is to come in the next 1 to 2 years. We will all pay more. A lot more. Our choices will shrink.
I expect the few remaining hardcore supporters to scoff at my predictions. There are the same ones who called us “stupid” when we said that millions would not be keeping their plans and costs would not go down. The reality is they have little understanding of the actual law (as opposed to theoretical intents) and they have little understanding of economics.
It is time for them to admit that they were wrong to support Obamacare and help us to repeal all but the 26 year old and pre-existing elements. As of January 1, we will quite literally be better off when the law was passed than we are now. Costs have risen. Doctors have changed.
And the worst part? Not only will we not have universal health insurance, we will have literally less people insured than when we started this. A complete and utter failure.