Thursday, May 19, 2016

The Cost of Obamacare


By Weekly Standard, May 17, 2016 

Obamacare has caused health insurance premiums to skyrocket. It has caused millions of Americans who liked their health plans to lose their health plans. It has caused doctor and hospital networks to narrow. Now the Wall Street Journal reports that the Obamacare exchanges in Alabama and Alaska will each have one—that's right, one—insurer offering plans. We're moving toward "single insurer" health care.

In short, Obamacare is wrecking the private health insurance market.

So what are Americans getting in return? Obamacare's proponents say the overhaul has greatly increased the number of people with health insurance coverage (albeit by less than three-quarters as much as it was supposed to have done by this time). What they tend to omit is the fact that most of the "newly insured"—about 60 percent—have merely been dumped into Medicaid. According to the Congressional Budget Office, Obamacare has added only 8 million people—just 2.5 percent of the U.S. population—to the private insurance rolls.

Read More: http://www.weeklystandard.com

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