Affordable Care Act Not So Affordable
For anyone who hasn’t heard or just forgot, the Affordable Care Act is the official name of ObamaCare. Turns out the choice of the name was appropriately Orwellian.
Robert Tracinsky of Real Clear Markets…
We Told You So
As the Affordable Care Act–otherwise known as ObamaCare–begins to be implemented, we are seeing its first big consequence: it is making care less affordable.
The New York Times reports that “Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration’s health care law was to stem the rapid rise in insurance costs for consumers.”
“Even though”? In fact, Obamacare is simply doing what a lot of people predicted it would. Critics of ObamaCare warned that it would produce precisely the kind of premium increases we are now seeing, for precisely the reasons that new reports are now citing.
Very strange indeed. Is it on purpose? Can’t say for sure yet. Sadly good intentions come with a very high price. I wish it wasn’t that way.