Obamacare Is Turning Out As Bad As Predicted
The facts are in. As The Heritage Foundation predicted, Obamacare is turning out to be a disaster. Heritage expert Robert Moffit has more in a new article in the National Interest .
- Deductibles increased. Average deductibles on employer-based health plans run about $1,000, while average Obamacare deductibles are about $2,000.
- Premiums increased. The president promised to lower all premiums by $2,500 annually. The opposite happened. Premiums increased by 100 percent for 27-year-olds in some states. They increased by 50 percent for 50-year-olds in others. For employees who get their health insurance through small businesses, 11 million saw premium increases, while just six million saw premium decreases.
- Competition was reduced. The number of insurers offering coverage on the individual markets in all fifty states declined by 29 percent. Over half of counties in America have only one or two insurance providers.
- And we still don’t know how many are covered. The Congressional Budget Office reported 6 million had signed up for Exchange plans. The administration said 8 million, then backtracked.
And what about the so-called crucial 18- to 34-year-old demographic, which would determine the health of the program? Well, the administration said 35 percent of enrollees were in that range, which sounds pretty close to their goal of 40 percent. “But thanks to excellent reporting byPolitico,” Moffit notes, “we learned that [this] number included children enrolled in the exchanges. Nice try.”
