Obama’s real legacy to the U.S. – Destruction of Middle Income Americans – Taxpayer’s debt – and a deeply flawed Obamacare – free health care.
The Patient Protection and Affordable Care Act of 2010 (better known as Obamacare) was the largest and most comprehensive social legislation introduced to the American public in history.
The prescriptions – no pun intended but one may need prescription tranquilizers to read the legislation from cover to cover – and covers:- (and yes three cover(s) in a row – do I get that beer Mel?)
* The structure and operations of the health insurance market;
* The administration of public programs – with 165 sections affecting Medicare alone
* Health care delivery reforms plus
* The training and recruitment of the health care workforce.
In other words – how to completely nationalize the healthcare industry – with virtually every major decision in the health care sector of the American economy being made – or constrained -directly – or indirectly – by federal officials.
At the time – having dinner with my parents – the news of Obamacare was reported on the television – to which I made an ‘off-the-cuff remark’ – on the absurd notion that this legislation should have been vetted and costed before becoming legislation.
Well – I never learn – my mum a socialist through and through – verbally beat me down in flames stating that ‘free health care should be for everyone’ – I raised my eyebrows and smiled thinking – ‘where do they get the money for that?’
Never ever speak about religion – politics – or the economy to my family and friends – just get a Blog!
The cost to the American public?
Good question – I personally doubt that anyone took the time to do the math – consider the consequences – the costings versus the benefits – in the short and long run.
Apparently one – Jonathan Gruber – Professor of Economics at MIT did – and still does – as the architect of this socialistic complex legislation – who stands by the legislation and stated from the outset on Obamacare that “…we lied to the stupid American people to get it passed.”
One wonders whether Professor Gruber needs to be made aware and accountable – as the upshot of the legislation is that it is a dogs breakfast – and a huge debt burden to the taxpayers.
Then again all the socialistic Democrats should be held accountable – particularly Obama – one Nancy Pelosi – the Democrat house leader of the Congress at that time – as even her words from ‘NBC’s Meet the Press‘ in 2013 are insane:-
“This is never going to be easy,” Nancy Pelosi, the House minority leader, told NBC’s Meet The Press. “What matters is what happens at the kitchen table of the American people and how they will have more affordability, more accessibility, better-quality care, prevention, wellness, a healthier nation.”
Please note that this is after a full three years – after the legislation was passed.
All – as dumb as one another – when it comes to the forward estimated costs – and debt structure.
Congressional Budget Office (CBO) reports that
“Over the period from 2013 to 2015 – Medicaid spending increased by 32 percent – according to the CBO – it will increase by 9 percent in 2016 – and only then will Medicaid spending growth begin to taper off.”
“…over the coming decade, per-enrollee spending in federal health programs will grow more rapidly than it has in recent years.”
Centre for Medicare and Medicaid Services – Office of Actuary data – total spending on health insurance will rise from $7,786 in 2016 to $11,681 in 2024.
Now it is estimated that over the period from 2016 to 2025 – Americans will pay an estimated $832 billion in taxes – including taxes on health insurance plans – drugs – and medical devices – that will be passed on to the middle class.
So much for ‘free’ healthcare – nothing is free!
Congress is very aware of the problems – they had recently enacted delays in both the health insurance tax – and the 2.3 percent excise tax on medical devices – for a two year period only – so in effect postponing tax increases from 2018 to 2020.
President Barack Obama’s and his “signature” accomplishment – is the elephant in the room – deeply flawed and expensive – destructive to middle income Americans – and a burden for businesses.
* Increased costs for individuals, families, and businesses;
* Resumption of excessive health care spending and middle-class taxation plus
* An endless series of managerial failures or unanticipated consequences.
And whilst on the more current topic – Trump is right – the legislation should be repealed – but one President Obama keeps on knocking back the solution – he is of the opinion taxes should be increased to cover costs – to support the bloated administration – bloated government – a major headache in 2017 for the next President and those to come. To
Socialism actually fails when the money runs out – with Obamacare the money will run out quicker than anyone realizes – the end result will be bankruptcy.