So a day or so ago, I talk about how regulation and government intrusion is helping to kill entrepreneurship and, as a result, small businesses. The same problem, as we all know, is also exacerbating the unemployment picture. A prime example? That odious law known as ObamaCare.
The US Chamber of Commerce blog has this chart for us to peruse. It is all about the recently implemented “Health Insurance Tax”, aka “HIT”: As this awful law continues to be implemented when it is politically convenient for the Democrats, we see even more disaster lurking for those who are employed and actually “like their insurance and like their doctor”. But HIT is already taking a toll.
The National Federation of Independent Business’ Research Foundation estimates that the Health Insurance Tax (HIT) will result in a reduction in private sector employment of 152,000 to 286,000 jobs by 2023, with 57 percent of the job losses coming from small businesses. This will amount to a reduction of U.S. real output (sales) by between $20 billion to $33 billion during the same time frame.
Just what we need – another “hit” to employment and a “hit” to GDP. But it is clear the Democrats don’t really care about that. As one of our low information commenters is want to say “a few eggs must be broken” to make an omelet … or something. Any inanity will do when it is clear that a law is a bust and a failure. As the Chamber of Commerce blog notes:
The HIT, which went into effect on January 1, 2014, levies a tax on health plans sold on the fully-insured market. Eighty-eight percent of it is made up of small businesses. Revenue from the tax will rise by 41% in 2015 and reach $14.3 billion in 2018.
“Small businesses are crucial to rebuilding an economy that allows all Americans to prosper,” Katie Mahoney, Executive Director of Health Policy at the U.S. Chamber said. “We need to work to find ways to ensure small businesses and their employees have the tools to build on their current success, not hinder future growth.”
You’d think what she says would be fairly common knowledge, but apparently the deluded administration that runs this country thinks we’re coming out of the economic malaise it has worked so hard to keep in place, and thus its time for another little shot to the head of small business.
With the HIT – mission accomplished.
You all know the nursery story about the Golden Goose. Well, as we head into “Recovery Summer V” with no real recovery in sight, subject to false unemployment numbers and pitiful quarterly GDP earnings, it might be useful to look at something else that is likely a factor in all of this:
Business dynamism is the process by which firms continually are born, fail, expand, and contract, as some jobs are created, others are destroyed, and others still are turned over. Research has firmly established that this dynamic process is vital to productivity and sustained economic growth. Entrepreneurs play a critical role in this process, and in net job creation.
And all of that is a function of what?
That evil thing called “capitalism”. Yup, evil capitalism encourages entrepreneurship and through that cycle, we see the market at work – creating profit, which creates jobs, which expands businesses and creates more of them and more jobs and more wealth and … etc., etc., etc. It is that repeating cycle that has, at least till recently, gotten us where we are in terms of wealth and power as a nation.
Not government. Government is a net leech. It sucks the blood out of productivity in the form of taxes. But government also plays another role – as a regulator. Most look at that as a necessary evil. But most governments always go overboard with their regulatory regimes and end up making it harder and harder for entrepreneurs to do what they do best. The Brookings institute has taken a look at this and found that over the past few decades, the entreprenurerial role has declined and, as a result, we have, for the first time, seen more businesses exiting the economy than entering it:
Now Brookings tries to stay claim this can be reversed, even though it is such a widespread trend it should alarm us all.
In fact, we show that dynamism has declined in all fifty states and in all but a handful of the more than three hundred and sixty U.S. metropolitan areas during the last three decades. Moreover, the performance of business dynamism across the states and metros has become increasingly similar over time. In other words, the national decline in business dynamism has been a widely shared experience.
While the reasons explaining this decline are still unknown, if it persists, it implies a continuation of slow growth for the indefinite future, unless for equally unknown reasons or by virtue of entrepreneurship enhancing policies (such as liberalized entry of high-skilled immigrants), these trends are reversed.
Note the oblique way Brookings points to government, but nevertheless identifies the problem. The phrase is “entrepreneurship enhancing policies”. And what would that look like? Well Brookings thinks liberalizing entry of high-skilled immigrants might to the trick. I, on the other hand, think a thorough review of the regulatory regime and revocation of all unnecessary regulations along with those found to punish or hinder entrepreneurship would have a much speedier and positive effect than the Brookings suggestion.
Certainly, we know why there was a precipitous drop in 2008, but again, what has the government, in terms of policy, done to ease the situation? Nada. Nothing. Except play a little crony capitalism (i.e. pick winners and losers) in the green energy game. And, of course, most of their “winners” have gone belly up.
As a consequence of this refusal to consider steps concerning rolling back regulations (and, instead heaping even more on the books), we see the trend get worse on both the entry and exit levels.
Entrepreneurship IS the “Golden Goose” of capitalism. One of the big reasons our economy continues to lag badly can be found in the chart above. And what has this administration done in 5 plus years to address this problem? Well, to be honest, it’s done more to exacerbate it that help it. Thus the Golden Goose on life support.
All hands prepare for “Recovery Summer VI”. And VII. And VIII …
David Gergen provides us with a perfect example:
Obama’s second term is a total aberration. Resisted by obstructionists among Republicans and plagued by his own mistakes, the first 12 months after re-election were a bust. Why he and his team didn’t take more care in the rollout of the Affordable Care Act website will remain one of the great mysteries for historians.
But it has now become equally puzzling why he has not become more sure-footed in foreign affairs. He is one of the brightest men ever to occupy the office, and yet his learning curve has been among the flattest. Talking to players on the world stage — most of whom still want him to succeed — one finds them genuinely rattled, worried about a lack of national will and operational competence.
I have to tell you I laughed my rear end off reading the highlighted sentence. Did he not reread what he said there?
Now maybe its just me, but I would suggest that a sign of intelligence – being “bright” – is that you learn. You learn from history. You learn from your own mistakes. You learn from others. I.e. you don’t have a flat learning curve if you’re actually bright. Especially when you’ve had almost 6 years to figure it out. And make no mistake, Obama hasn’t figured it out yet. He’s not even close. And currently he’s on a global whine-a-thon, lamenting his fate, calling himself a “singles hitter”, blah, blah, blah.
Yet despite all of this Gergen and other Obama supporters can’t see past this incredible contradiction (which says a lot about how “bright” they are). They have deluded themselves into thinking that this fellow is just so bright that it must be the fault of others that he can’t seem to learn (those damned “obstructionists” for one). They cannot yet face the fact that Obama is a bust. He’s been a bust from day 1. Yet here we are, almost 6 years later, with supposed “bright” people making statements like Gergens’.
Why can’t they own up to the fact they were wrong – wrong about Obama’s capabilities, wrong about his competence, and, apparently wrong about his level of intelligence. After so many millions of gushing words about the man, that’s embarrassing. And it is a reflection on their intelligence as well. So instead they delude themselves and write sentences like Gergens’.
But even they, at least some of them, are beginning to understand the depth of the mistake they made, whether they’ll ever admit it or not:
America needs a strong, effective president year in, year out, to help propel us forward. Our success as a people has depended on our capacity to solve the problems of today so we can move on to tomorrow. The endless evasions and diversions are tying us in knots and draining our spirits.
The world needs strong, effective American leadership as well; for all our mistakes like Iraq, the U.S. is the one nation that still has the power to keep world order. But in the twinkle of an eye, we have gone from being indispensable to indisposed.
You have to chuckle about the need to include “Iraq” as a mistake. No mention of the legion of foreign policy mistakes and disasters of this administration. But Gergen, other than that, is quite correct. The problem now is the utter depths to which our foreign policy has plunged are so obvious even they must acknowledge it.
And it burns to have to do so, as you can tell. But the delusion that it really isn’t the man or his ideas that are at fault persists. It’s everyone else’s fault. Just ask them.
Apparently tomorrow, President Obama will “showcase” his climate change agenda. According to the Washington Post:
After years of putting other policy priorities first — and dismaying many liberal allies in the process — Obama is now getting into the weeds on climate change and considers it one of the key components of his legacy, according to aides and advisers. He is regularly briefed on scientific reports on the issue, including a national climate assessment that he will help showcase Tuesday. He is using his executive authority to cut greenhouse gas emissions from power plants and other sources, and is moving ahead with stricter fuel-efficiency standards for the heaviest trucks. And while he routinely brings up climate change in closed-door meetings with world leaders, according to his aides, he also discusses it in his private life, talking about global warming’s implications with his teenage daughters.
As usual, he intends to proceed by using executive power, whether or not the people or their representatives agree. And also without any consideration of the cost to the consumer. All in the face of mounting evidence that the supposed crisis of CO2 is a non-crisis. According to the WaPo, this intention to address “climate change” was spurred by Obama viewing satellite pictures of the California mountain snow pack:
Of course, most of us know that’s likely a local weather phenomenon, not a result of “global warming” or we’d be unlikely to be seeing things like this:
Antarctic sea ice continues to set new records, with extent in April at the highest since measurements began in 1979.
Remember, Antarctic and Arctic sea ice melts were to be the harbingers of doom. In fact, the Arctic was supposed to be ice free last year according to the perpetually wrong alarmists. Instead we saw record sea ice there as well. Factor in the fact that there has been no global warming for over 17 years and one has to ask why this, in the face of a badly performing economy and over 92 million Americans being out of work, is suddenly to become a priority for the White House? As one editorialist puts it:
The problem is, it’s just so hard to be an alarmist these days. Temperatures aren’t rising, U.S. CO2 emissions are down, and now it turns out that peak oil won’t peak. What’s a scare-monger to do?
The answer is keep on trying to gin up the alarm to satisfy the true-believers who are an important political constituency of the Democrats. And it is becoming clearer every day that the Democrats are going to need all of their constituencies to even have a ghost of a chance in the November mid-terms. To this point, the left environmental movement hasn’t been to happy with the Obama administration and it certainly wants more drastic action to be taken to curb the use of fossil fuel. So its time to shore up their support:
Environmentalists such as Democratic donor and billionaire Tom Steyer want him to veto the Keystone pipeline and wean the nation from natural gas. Natural Resources Defense Council President Frances Beinecke said of the administration: “We have to increasingly get them to acknowledge that there has to be a major transformation away from fossil fuels.”
That desire the Natural Resources Defense Council voices has resulted in such things as the “war on coal” and the reduction in production of oil on federal lands and off our coasts. It has also meant slow walking the permit process as well as holding the Keystone Pipeline hostage to presidential politics. So why now? Why is this the time to do this? Because he can:
A White House official, speaking on the condition of anonymity because the plans are not final, said Obama has made it clear that he considers climate change a priority and is less politically constrained now that he no longer faces reelection.
Meanwhile the public views the issue as a low priority if a priority at all, given jobs and economic problems. Yet Obama persists. Elections are in the offing. And if there is one thing he has at least a semblance of competence in, it’s getting elected (or helping others do so). So all the high flying rhetoric aside, this is about votes, this is about elections and this is about trying to preserve at least one Democratic house in Congress for the last two years of his presidency. It is one of many such moves he’ll be attempting in the coming months. But make no mistake – this isn’t about the environment or his legacy, it’s about politics. ~McQ
This week, Bruce, Michael, and Dale talk about Ukraine, the Bundy case in Nevada, and the increasing arbitrariness of the Federal government.
The podcast can be found on Stitcher here. Please remember the feed may take a couple of hours to update after this is first posted.
As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Stitcher. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here.
The demographic that was key to holding down health care costs apparently came in well below the level necessary to ensure that:
Just more than a quarter of the eight million people who signed up for health plans under the Affordable Care Act are in the prized demographic of 18 to 34 years old, falling short of the figure considered ideal to keep down policy prices.
The data, released Thursday by the Obama administration, painted a more complete picture of enrollment in the plans. They show that about 28% of people picking plans on the state and federal insurance exchanges by April 19—after most states’ enrollment deadlines passed—were 18 to 34 years old, a generally healthy group. The proportion is higher than previous counts. But it is significantly below the 40% level that some analysts consider important for holding down rates by balancing the greater medical spending generated by older enrollees.
Insurers right now are setting rates for 2015, and the age data will be a key factor in their decisions. Some insurers say that despite seeing a late surge in younger enrollees, their sign-ups still skewed older overall than they had expected.
Because the “healthy” demographic sign-up fell well below expectations, the rates for 2015 are expected to be at a higher rate. And, of course, there’s the further problem that “enrollment” doesn’t necessarily mean that the enrollee has paid for coverage. As noted in earlier:
Data provided to the committee by every insurance provider in the health care law’s Federally Facilitated Marketplace (FFM) shows that, as of April 15, 2014, only 67 percent of individuals and families that had selected a health plan in the federally facilitated marketplace had paid their first month’s premium and therefore completed the enrollment process. Nationwide, only 25 percent of paid enrollees are ages 18 to 34…
And finally, the assumption is that the 18 to 34 demographic will be a “healthy demographic” relatively speaking and will carry the cost for the more sickly among us. That too may be an erroneous assumption:
While the 18-34-year-old cohort has been dubbed the “young and healthy,” a more accurate moniker might be “young and somewhat healthy.” 68 percent of 18-34-year-olds on the federal exchanges chose a silver plan. As I’ve written previously:
Why does this matter for the death spiral? Because so many enrollees choosing silver plans suggests that the risk pool may be sicker than is optimal. For enrollees at or below 250 percent of the federal poverty level, silver plans tend to offer the most coverage for the lowest price. For persons under 250 percent FPL, ObamaCare offers help with copays and deductibles, but only if the consumer chooses a silver plan. The actuarial value for a silver plan is 70 percent (that is, a silver plan must, on average, cover 70 percent of a policyholder’s medical claims), but when the subsidies for cost-sharing are included, the actuarial value rises to between 73 and 94 percent. As one writer notes, “Why would someone opt for a silver-level plan over a cheaper bronze or catastrophic-level plan? The most plausible explanation is that the enrollee anticipates incurring significant medical expenses over the coming year, which is to say that he’s not healthy.”
Since income tends to be lower the younger one is, a lot of those 18-34-year-olds are probably in that <250 percent FPL range. The inordinate number of 18-34-year-olds choosing silver plans suggests that the exchanges have attracted young and healthy people that are not that healthy.
Not only may they not be young and healthy, but they’ll most likely be receiving high subsidies which again sort of defeats the whole purpose of signing up that demographic, doesn’t it? And it certainly calls into further question whether or not even the 28% that signed up will have any significant effect in helping to lower costs.
Bottom line? Well, to quote a well-known conservative talk show host, we’ve again been treated to a heaping helping of “bovine scatology”. Not that anyone at all familiar with this president and his administration should at all be surprised.
And that reality is the American people aren’t buying the propaganda being pushed by the administration. After its celebration of the dubious enrollment of 8 million and unilateral declaration that ObamaCare was a “success”, new poll numbers show no difference among the public’s opinion of the law than before their declaration:
What’s perhaps more telling is that, despite the rare good news of the past few weeks, their perceptions of the law remain basically as-is — that is, pretty dim. To wit:
- Americans say 50-41 that the implementation of the law has been worse than they expected rather than better.
- They say 44-24 that the health-care system is getting worse rather than getting better as a result of Obamacare.
- They say 29-14 that the quality of care is getting worse rather than better.
- They say 47-8 that their health-care costs are increasing due to the law rather than decreasing.
- They say 58-11 that the overall cost of health care in the United States is increasing rather than decreasing.
Almost all of these numbers are basically unchanged from in recent months.
What is it politicians like to tell us about politics? Ah, yes, perception is reality. And as I pointed out when you mess with people’s health care, the reality becomes very personal. It isn’t something that you view from afar and doesn’t effect you. It is something everyone is interested in in some form or fashion.
The numbers above are their perception of that awful law’s impact on their lives. The propaganda simply isn’t going to change that. “8 million enrolled” is something the people really don’t care about. Higher premiums, more red tape and fewer options for health care, not to mention having to give up their doctor and the health insurance they liked is something they care about. That is the result of the law and it is the reason for the numbers.
As we’ve mentioned previously, the numbers you see above are numbers that exist before the most onerous regulations and requirements (now delayed until after the election) are finally put into effect. If you think these numbers are bad, wait till after November.
The bottom line is ObamaCare sucks and the people know it and no administration sponsored dog and pony show is going to change that perception. We see a lot of Democrats now trying to claim that ObamaCare really won’t hurt them in the mid-terms.
I invite them to look at the above numbers, understand that it is they who are going to get “credit” for the law, and rethink their claim prior to their coming unemployment.
That way it won’t come as such a surprise when they’re defeated.
Another day another foreign policy gaffe or disaster.
This time we’re in the gaffe department where, as usual, this administration is in the act of further alienating our friends. In this case it is perhaps the worst Secretary of State we’ve yet had to suffer’s turn … again:
Secretary of State John F. Kerry has stepped in it again — with a gaffe that this time not only makes him look foolish but makes a mess of U.S. foreign policy and destroys any chance he had of realizing his legacy pipe dream of brokering Middle East peace.
In a private meeting with senior international officials Friday, Kerry said that if the Israelis and Palestinians can’t achieve a two-state solution, Israel risks becoming “an apartheid state with second-class citizens.”
Israelis are aghast — especially with Kerry’s remarks being reported yesterday on Holocaust Remembrance Day — and have started issuing calls for his resignation. Foreign policy experts are stunned, saying Kerry’s racially charged statements are major setbacks to peace negotiations in the Middle East.
“No wonder our diplomacy in the Middle East is so wretched,” former U.N. Ambassador John Bolton told the Herald, calling Kerry’s remarks “outrageous and defamatory.”
Caroline Glick of The Jerusalem Post said, “Kerry’s remark was openly anti-Semitic. Apartheid is a crime of intent. There is no Israeli politician that will ever be in a leadership position that harbors any such bigoted intention towards the Palestinians. On the other hand, there is no Palestinian leader or faction that does not demand the ethnic cleansing of Jews from every inch of any territory that will come under Palestinian control.”
How to explain someone as inept and useless as Kerry rising to this position of power is unfathomable until you see who resides in the White House. It’s all about politics and paying political debts.
Meanwhile, David Brooks, one of the millions of reasons we’re suffering under this atrocious administration (ask him who he voted for in 2008) today complains that “all around, the fabric of peace and order is fraying.” Well it likely didn’t have to be this way, but it certainly was predictable when you and others voted to hire clueless freshman Senator as President of the US, Mr. Brooks. A man who has no respect among other leaders in the world and certainly isn’t feared by anyone. “Leading from behind” may be a clever way of saying “abrogating leadership”, but it didn’t fool those who are actually playing international hardball out there, did it? So, unsurprisingly (history … try it some time) we now see them acting. The phone’s been constantly ringing at 3am and no one — no one — is answering it.
And since the thugs and thieves of the world know no one is home, they’re beginning to take full advantage of the situation.
Wow. What a freakin’ surprise, no?
Brooks consults an expert for an explanation of what’s going on and he gets an answer – one we’ve been talking about for years:
“The ‘category error’ of our experts is to tell us that our system is doing just fine and proceeding on its eternal course toward ever-greater progress and global goodness. This is whistling past the graveyard.
“The lesson-category within grand strategic history is that when an established international system enters its phase of deterioration, many leaders nonetheless respond with insouciance, obliviousness, and self-congratulation. When the wolves of the world sense this, they, of course, will begin to make their moves to probe the ambiguities of the aging system and pick off choice pieces to devour at their leisure.
Consequences of this nonsense?
“This is what Putin is doing; this is what China has been moving toward doing in the maritime waters of Asia; this is what in the largest sense the upheavals of the Middle East are all about: i.e., who and what politico-ideological force will emerge as hegemon over the region in the new order to come. The old order, once known as ‘the American Century’ has been situated within ‘the modern era,’ an era which appears to be stalling out after some 300-plus years. The replacement era will not be modern and will not be a nice one.”
We’ve certainly gotten a full ration full of obliviousness. And the world certainly is moving toward a less modern and much more deadly era. But the obliviousness (or “whistling past the graveyard” as mentioned earlier) is what drives the absurd self-congratulation that this administration tries to heap on itself while they hasten the “the American Century” to a disastrous end.
Realty is a bitch and she keeps slapping these clueless backslappers over and over. But they pay no attention. These petulant fools continue to spin “success” when to anyone with the IQ of a pear, it is clear almost everything in the foreign policy field (and domestically as well) has been an utter failure or foul up. Behold: “Reset”, lead from behind, Arab spring, UN, sanctions, “Smart diplomacy”, R2P, blah, blah, blah. They blew Libya, gave Egypt to the Russians, are giving Iraq back to the terrorists along with Afghanistan, reducing the military to pre-WWII levels and have thus signaled our withdrawal to all around the globe.
Unsurprisingly, the wolves of the world are beginning to feed on the sheep because the former shepherd has withdrawn while telling those that want to believe it that everything is just fine. Just fine. Peachy. Trust them. They’ve got it all figured out. Nothing to see here. Nothing to worry about. Move along citizen. War is so … 20th century. And besides, we’ve blocked their Netflix account!
With all that nonsense circulating, why shouldn’t the wolves feel free to feed?
Because, you know, their track record is sooooo good. In the wake of Earth Day, yesterday, let’s revisit another Earth Day – say the first one in 1970 – and take a look at all the predictions we were then treated too in order to scare the devil out of us:
- “Civilization will end within 15 or 30 years unless immediate action is taken against problems facing mankind.” — Harvard biologist George Wald
- “We are in an environmental crisis which threatens the survival of this nation, and of the world as a suitable place of human habitation.” — Washington University biologist Barry Commoner
- “Man must stop pollution and conserve his resources, not merely to enhance existence but to save the race from intolerable deterioration and possible extinction.” — New York Times editorial
- “Population will inevitably and completely outstrip whatever small increases in food supplies we make. The death rate will increase until at least 100-200 million people per year will be starving to death during the next ten years.” — Stanford University biologist Paul Ehrlich
- “Most of the people who are going to die in the greatest cataclysm in the history of man have already been born… [By 1975] some experts feel that food shortages will have escalated the present level of world hunger and starvation into famines of unbelievable proportions. Other experts, more optimistic, think the ultimate food-population collision will not occur until the decade of the 1980s.” — Paul Ehrlich
- “It is already too late to avoid mass starvation,” — Denis Hayes, Chief organizer for Earth Day
- “Demographers agree almost unanimously on the following grim timetable: by 1975 widespread famines will begin in India; these will spread by 1990 to include all of India, Pakistan, China and the Near East, Africa. By the year 2000, or conceivably sooner, South and Central America will exist under famine conditions…. By the year 2000, thirty years from now, the entire world, with the exception of Western Europe, North America, and Australia, will be in famine.” — North Texas State University professor Peter Gunter
- “In a decade, urban dwellers will have to wear gas masks to survive air pollution… by 1985 air pollution will have reduced the amount of sunlight reaching earth by one half.” — Life magazine
- “At the present rate of nitrogen buildup, it’s only a matter of time before light will be filtered out of the atmosphere and none of our land will be usable.” — Ecologist Kenneth Watt
- “Air pollution…is certainly going to take hundreds of thousands of lives in the next few years alone.” — Paul Ehrlich
- “By the year 2000, if present trends continue, we will be using up crude oil at such a rate… that there won’t be any more crude oil. You’ll drive up to the pump and say, ‘Fill ‘er up, buddy,’ and he’ll say, ‘I am very sorry, there isn’t any.’” — Ecologist Kenneth Watt
- “[One] theory assumes that the earth’s cloud cover will continue to thicken as more dust, fumes, and water vapor are belched into the atmosphere by industrial smokestacks and jet planes. Screened from the sun’s heat, the planet will cool, the water vapor will fall and freeze, and a new Ice Age will be born.” — Newsweek magazine
- “The world has been chilling sharply for about twenty years. If present trends continue, the world will be about four degrees colder for the global mean temperature in 1990, but eleven degrees colder in the year 2000. This is about twice what it would take to put us into an ice age.” — Kenneth Watt
Yes, that’s right dear friends … then all this pollution was going to spawn a new Ice Age and we were all going to starve in the cold.
Now add in a dash of Al Gore and a few others and you can see why they’ve been so interested in quelling skepticism. It goes against the n0nsense they’ve been trying to sell for 50 plus years. Note all the appeals to authority (Demographers almost unanimously agree?) that came to naught. Look and the dire conclusions presented without caveat that were just flat wrong.
There is nothing new among the enviro radicals today except we’re headed for a heat wave instead of an Ice Age. The “science?” Just as flaky now as it was then. But their belief in the correctness of what they’re pumping out there now? Just as total as it was then.
Their only problem, as usual, is reality continues to bitch slap them. Meanwhile the skeptics are the one’s called names.
Peter Morici gives a little ground truth to the hyperbole of the left who’ve decided the best defense of ObamaCare is … to lie about it.
With 8 million Americans enrolled in health insurance through federal and state exchanges, President Obama has declared the Affordable Care Act a success. That’s disingenuous and big changes are needed to make the law work well.
Overall, the ACA’s goals were to provide reasonably priced medical care to the 45 to 50 million uninsured and slow health care cost increases. It is hardly clear those goals will be accomplished.
Many of the 8 million enrolled to replace individual and small business policies, canceled thanks to ACA rules, or to obtain federal subsidies only available through the exchanges.
So if the goal was to proved care to the ’45 or 50 million’ uninsured, how does enrolling 8 million, many of whom had lost their insurance due to the ACA, constitute success?
Well in the real world it doesn’t. Only in Oz or Fantasyland do the rules of reality not apply (even if they really do and what those living there do is deny it) and allow them to make these claims with a straight face.
It’s election prep. We’ve seen it countless times before. It is an attempt to make lemonaide out of the lemons this abomination of a law has handed its creators.
This is just another version of the Big Lie that this particular administration has raised to an art form. And with a compliant media to help them along (a media that seems without curiosity at the most important times) the Big Lie gets plenty of press.
Of course now that the press has helped spread the lie, the Dems will point to those media stories as “the truth” and use them to assure the usual left leaning low information voters that a) they need to turn out because ObamaCare is a “good thing” and b) if they don’t those mean old Republicans will take it away.
You can just see it coming.
Meanwhile, for most of America, the really bad stuff is being unilaterally put on hold until after the election – the most blatant display of partisan politics I’ve seen in some time:
The ACA requires health insurance policies to pay for a wider and more expensive scope of services than many individual and small business policies covered prior to the law.
In many counties, only a few insurers chose to offer policies on exchanges. Absent competition, insurers lacked incentives to bargain as hard as before with hospitals and other providers, further raising premiums and out of pocket costs.
The bronze, silver and gold policies offered by exchanges mostly vary in their deductibles. Folks selecting bronze and silver plans with high deductibles are now paying the full cost of doctor visits that only set them back a $20 or $30 dollar co-pay prior to the ACA.
Simply, for many families the ACA raises the combined cost of premium and out-of-pocket expenses.
About 50 percent of Americans are eligible for premium subsidies, but taxpayers are footing the bill and the burden of health care on the economy — already 50 percent higher than in Germany and Japan — is making it tougher for American businesses to compete and destroying jobs — something the Congressional Budget Office doesn’t bother to calculate.
But then, this was all predicted prior to passage and only a few bothered to listen.
Now we get to live with the “success”.