The Studies Are In, and Obamacare is Failing Miserably

In 2009, President Obama set out on a brave new experiment. He nearly socialized an entire sector of the economy with guarantees of cost control, better health outcomes, and financial stability in general. The plan was so “comprehensive,” it was hard to tell exactly what it would do. Indeed, former Speaker Nancy Pelosi (D-Ca.) remarked, “We have to pass the bill so that you can uh, find out what’s in it.” Now that we know more about the health law, many, including typical allies of the president, are raising red flags. Sen. Max Baucus (D-MT), one of the chief architects of the bill, recently said the law’s implementation was headed for a “train wreck.”

Here are four reasons I also think the bill is a train wreck:

1. Costs



Regulating health care to produce cheap insurance sounds great, but Obamacare's burden on businesses, government, and the average citizen is staggering. On May 3, the House Energy and Commerce Committee released a report about the potential increases in health insurance costs for small businesses and other consumers. The results made the Affordable Care Act seem like anything but affordable.

Congressmen collected estimates of the ACA’s impact from 17 of the nation’s largest insurers. The report found that premiums for a new business would increase by an average of 96 percent. Estimates for costs to the consumers ranged from 100 to 400 percent increases in premiums. Democratic Senator Chuck Schumer (D-NY.) echoed this sentiment when he admitted Obamacare was part of the reason insurance costs might go “through the roof.”

2. Burden on the Middle Class

Continues: http://www.policymic.com/articles/44735/the-studies-are-in-and-obamacare-is-failing-miserably