Obamacare promises but doesn’t deliver


“…Employers can terminate their employee coverage, give their workers a raise with part of the savings, and let the taxpayers bear the cost of subsidizing their coverage in the Exchanges.  Former CBO Director Douglas Holtz-Eakin estimated…that more than 40 million workers would lose their employer coverage…”


“Obama campaigned in 2008 on a promise that Obamacare would reduce the cost of health insurance by $2,500 for average families.  But since Obamacare passed, the cost of an average family policy has already increased by $3,000. …”


“…If you require coverage of more benefits, such as “free” check ups, “free” preventive care, “free” contraceptives, “free” preventive care, and everything Kathleen Sebelius says must be covered to satisfy the individual mandate and the employer mandate…that means there must be higher premiums….”

“Then there is the … regulation called “guaranteed issue.”  That requires all insurers to cover everyone who applies, no matter how sick they are when they first apply…”

“…[Also, the] regulation called “community rating,”… requires insurers to charge all applicants the same price, no matter how sick when they first apply…”

“…all these regulatory requirements are going to cause health insurance premiums to soar, especially for younger and healthier individuals…”


“…Already employers are replacing full time employment with part time employment paying lower wages and no benefits…small businesses with less than 50 employees are freezing hiring, and those with just above 50 workers have begun layoffs….”

“All of this is preparation to avoid the employer mandate.  But it will mean still more uninsured.  And still more declining incomes for the middle class and working people…”

“But Obamacare is going to be causing chaos for seniors as well…almost half of Obamacare is paid for over the next decade by draining $716 billion out of Medicare….”


“…graphs… show Medicare doctors’ fees dropping below Medicaid fees…”

“’As a result, “One out of seven hospitals will leave Medicare in the next seven years…From a financial point of view, seniors will be less attractive to doctors than welfare mothers.’”


“President Obama promised us over and over that Obamacare would not increase the deficit by a single dime.”


“Obamacare under the first 6 full years, add[s] nearly a trillion dollars to the costs and deficits of Obamacare during that time alone.  In future years, that added cost contributing to still higher deficits would soar further.  Which brings the Obamacare chaos to the federal budget, deficits and debt.”


Look Out Below, The Obamacare Chaos Is Coming


Peter Ferrara



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