Obamacare’s promise to insure Americans who had no health insurance is increasingly suspect. Of more than 11 million who signed up by the end of the enrollment period last year, 3 million had dropped out by the end of the year. The Heritage Foundation estimates that a full quarter of those eligible either didn’t buy a plan, or later dropped out.Sylvia Mathews Burwell, the secretary of Health and Human Services, said last year that the Obamacare website, the heart of the president’s scheme, cost $834 million to build. Bloomberg News puts the cost at $2.1 billion. At any price it represents the obstacle to medical progress. The exchanges that were crucial to encouraging the competition that would lower costs, have been another disaster. All but 12 of the original 23 have failed and congressional critics say the $1.2 billion lent to them is unlikely ever to be repaid.
The president’s most memorable promise, that Obamacare would not disrupt existing doctor-patient and health-care insurance arrangements, has long since evaporated. Insurers continue to drastically reduce the choice of doctors and hospitals. The industry, trying to sugarcoat a label on disaster, calls this “narrowing networks.” The Heritage Foundation says even fewer choices lie in wait for consumers in the future.
Gotta love those narrowing networks.
But here's the real kicker:
The Congressional Budget Office estimated last week that over the next decade Obamacare will add $1.4 trillion to the nation’s debt.How about if we try normal-people free-market approach? I know that's a pretty novel idea, but it has worked wherever it's been practiced.
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