The Affordable Care Act was supposed to expand health coverage and lower costs.
By Steve Moore
WASHINGTON, D.C. (Texas Insider Report) — If anything good has come out of the budget shutdown, it is the revelation that Obamacare is, was, and always will be a financial sham. That's ironic because Obama and his supporters say the health law was his "greatest achievement."
The Affordable Care Act was supposed to expand health coverage and lower costs.
Here is the trend of American health care spending before and after Obamacare. So you be the judge. Is it more "affordable?"Now we are told by Chuck Schumer and his shutdown associates that if those heartless conservatives won't pour hundreds of billions more into Obamacare taxpayer subsidies, millions more Americans will lose health insurance and costs will soar again.
Meanwhile, NPR just reported:"The average enrollee will see their premium costs increase 75%, according to an analysis of insurance filings by the nonpartisan health research organization KFF.
"For many people, those increases will be even higher."
"For many people, those increases will be even higher."
They mean taxpayers will pick up "only" 80% of the tab instead of 93% if Obamacare's "temporary" supersized subsidies from the COVID emergency aren't extended to Americans who make up $500,000 a year!
Obamacare was always a classic bait and switch: provide government-subsidized health care, then when the costs explode, demand even more subsidies and let the vicious cycle keep repeating. Obamacare was always a racket and the Left knew it all along.
Now we all do.
Steve Moore – a former Wall Street Journal Editorial Page writer, Chief Economist for The Texas Insider, and a former Senior Economic Adviser to Donald Trump – is a Senior Fellow at both FreedomWorks and the Heritage Foundation. Along with Steve Forbes & Art Laffer, he is Co-Founder of the Committee to Unleash Prosperity. Using compelling charts, videos, and maybe even a little humor, Moore and the Committee's free Daily Newsletter provides information not readily available anywhere else – short and timely inside updates on the economy, the D.C. political landscape, and numerous other issues that help you stay informed and allow you to be the smartest person in the room.
