President Obama recently celebrated the “success” of ObamaCare in insuring 7.1 million Americans. I guess after so many failures and delays, the President will latch onto anything that is not an explicit failure as a “success.”
For starters, the RAND Corporation has found that only 1.4 million of those newly-insured Americans were previously-uninsured. That means less than 20 percent of these signups are newly-insured, but it gets worse.
Remember when the media and others were touting the supposed millions of uninsured Americans to justify passage of the deeply-flawed law? According to the Huffington Post, the figure was 48 million uninsured. So, Obama’s health care law is insuring less than three percent of these supposedly-uninsured Americans. All of this at a cost to the American taxpayer of trillions of dollars (the price tag continues to rise as seen below) and piles of costly new regulations, not to mention the credibility of the Obama Administration and his allies in Congress.
Of course, due to the ObamaCare law’s reliance on artificial deadlines, for the first time in American history, the purchase of a perfectly legal product (the purchase of which is an explicit goal of government policy) is now prohibited until 2015.
This health care law is an amazing mess. It can’t be saved because every aspect of the law moved health care away from individual control and financing and towards centralization and third-party payment. It is time to end this debacle!