Obamacare Leading to Higher Health Costs
If you were hoping that the state of America’s health care system would have gotten better by now, a long three years after Obamacare was put into law, then you won’t like what you are about to read.
Remember the good old days when President Obama kept reassuring the American people at every turn that Obamacare was really a good thing and people would learn to love it once it was implemented more? Even during his State of the Union he said that his law was “helping to slow the growth of health care costs”. Well, sorry to burst your bubble, but we’re seeing the exact opposite start to happen.
According to a Washington Post article found here, CareFirst BlueCross BlueShield has recently proposed in Maryland raising premiums on individual policies by an average of 25% next year. On the surface, that just seems like greedy fat-cats trying to grab more money, right? Well, let’s take a step back. Remember, Obamacare forces insurance companies to provide coverage to people no matter if they have pre-existing conditions or not. While a noble gesture, this forces insurance companies to spend more resources in covering these less-healthy individuals, which means higher costs for them, which translates into higher costs for us. But they aren’t alone. Insurance companies have proposed similar plans in Rhode Island and Vermont as well, with slightly smaller increases.
Let’s also not forget the provision in Obamacare that says that if businesses have more than 50 employees who work more than 30 hours a week, then the business is required to provide health insurance to those people or face a hefty fine. Companies from Papa Johns to Hardees to Boeing have already said that this requirement could slow expansion and lead to pricier production costs, and already we are seeing a lot of companies starting to hire more part-time workers or rework schedules in an effort to keep employees under the 30 hour requirement to try and keep costs down. How’s that for “change we can believe in”?
If this hasn’t been painful enough to read, there have recently even been Democrats who have started to “see the light,” if you will, and started voicing their discomfort about the law. Senator Max Baucus (D-MT), who helped jam the bill through the Senate back in 2009, recently said that he “just sees a huge train wreck coming.” Strange how it took him until the prospect of facing a tough reelection to notice something the majority of Americans could point out. If that wasn’t bad enough, the always-fun Harry Reid tried to defend Baucus as best he could, but instead of admitting that Obamacare is just a train wreck waiting to happen, he tried to make the point that the law needs even more money or face a train wreck. In a CBS article found here, Reid says “Max said 'Unless we implement this properly, it's going to be a train wreck.' And I agree with him.” Because the multi trillion dollar mess that Obamacare is just isn’t enough already, right?
President Obama and the Democrats set out to try and fix the country’s health care system by jamming Obamacare down the throat of Americans, and instead have created a giant bundle of red tape that will make it harder for businesses to hire and expand, as well as make it even more expensive to receive health care in the first place. When the very architects of Obamacare are worried about it now creating a train wreck, you know that something has gone terribly wrong.
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