Tuesday, April 01, 2014

Obamacare: cause for celebration, or shame?

The President is celebrating Obamacare today. However, Bryan Preston thinks it is anything but a cause for celebration:
A simple bit of math shows that even if there are 7 million legitimate sign-ups, there are between 5 and 6 million who lost their healthcare because of Obamacare. What’s the net number? How many of these have even paid their premiums? And how many of them are now facing steeper deductibles?

Premiums are not going down. Access has not been expanded. Provider networks are shrinking, reducing choice. These are all consequences of Obamacare. The president mentioned none of it.

The Obama administration is also neglecting to admit that their law is killing jobs. It is strangling hiring. It is killing the work ethic that built this country. The CBO estimates that we will lose the equivalent of more than 2 million jobs’ worth of work hours. Small businesses say that Obamacare is keeping them from expanding their businesses, and keeping them from hiring and growing their workforces. They also say that Obamacare is forcing them to cut hours, which translates into lost wages, for millions of workers. Obama mentioned none of that.

But most importantly, the Obama administration is not admitting that it used naked, brute force to coerce Americans into signing up for Obamacare. Failing to sign up can get the IRS, with its auditors and armed agents, unleashed on you. When faced with that prospect, sure, it’s not all that hard to persuade people to do what you want. It’s a lesson that feudal chiefs, tyrants, pirates and bandits learned a long time ago.
Read more here.

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