Millions of Americans lost their insurance plans and premiums soared under Obamacare, according to a new study from the Committee to Unleash Prosperity.
Former President Barack Obama’s Affordable Care Act (ACA) aimed to create health insurance. more accessibleAt the same time, it reduces insurance premiums and government budget shortfalls, and allows Americans to keep their preferred health care providers. But individual market premiums have soared, America’s cumulative deficit has increased to hundreds of billions of dollars, and 7 million consumers had their plans canceled following the passage of the ACA, the Unlocking Prosperity Commission. study Found it. (Related article: ‘Obviously skewed’: Biden-Harris administration may just be buying votes with new Medicare changes, experts say)
“Obamacare failed on every count. It failed to make health care more affordable. It failed to improve the health of Americans. It imposed enormous additional debt on taxpayers. It has primarily enriched the giant insurance conglomerates, but now it is a major obstacle to real health care reform that empowers patients and doctors,” said American Commitment and Unleash Prosperity. said Phil Karpen, president and one of the study’s co-authors. DCNF. “As this paper shows, all the promises made to pass this law turned out to be false.”
WASHINGTON, DC – APRIL 5: Former President Barack Obama (left) shakes hands during an event commemorating the passage of the Affordable Care Act of 2010 in the East Room of the White House on April 5, 2022. ) and US President Joe Biden (Photo by Chip Somodevilla/Getty Images)
obama claimed The ACA would slow growth in U.S. health spending and “lower premiums for the typical household by $2,500,” but individual market premiums would exceed that amount. doubled From 2013 to 2017 Deductible amount Research shows that there has been a sharp increase.
The discrepancy between the promises of ACA supporters and the bill’s actual cost effects is primarily due to: “Cadillac tax” The idea was to use revenue from taxes on employer-sponsored insurance plans to prevent increases in private health insurance premiums, according to the study. The tax was delayed for eight years due to a lack of political support, then again in 2015 and 2018, and completely repealed by Congress in 2019.
As Americans face rising premiums and deductibles, the number of health care providers willing to accept insurance has plummeted, leaving at least 7 million consumers with insurance plans. cancel They were arrested in the fall of 2013 for failing to comply with the ACA’s new mandates, according to the investigation. Despite President Obama, there was a wave of cancellations. I’m saying In June 2009, he said, “If you like your health plan, you’ll keep it. No one can take that away from you, no matter what.”
President Obama also argued that the ACA: would do Supposed to be “deficit-reducing health care reform,” the study found that most of the tax increases that would have funded the program were eliminated, resulting in a $32 billion loss in student loan provisions built into the ACA. It turned out that. In 2019.
The U.S. national debt was about $35.72 trillion as of October 8, up from about $13 trillion in the first quarter of 2010, when the ACA was in place. passed, According to Data from the US Treasury and Federal Reserve Bank of St. Louis.
The study also identified additional “attractive promises” that are untrue, including claims that the ACA is reserved for Americans. But with the Biden-Harris administration expanding access to the ACA in May, large Obamacare insurance subsidies are now being used to cover undocumented immigrants. include Members of the Deferred Action for Childhood Arrivals (DACA) program.
Obamacare also encouraged employers to move full-time workers to part-time positions to avoid disadvantage. ACA rules According to the report, companies must provide health insurance to 95% of their full-time employees if they employ 50 or more people for more than 30 hours a week.
“The Affordable Care Act (ACA) has made health care in the United States far less affordable,” Peter C. Earle, senior economist at the National Bureau of Economic Research, told DCNF. “Comparing what was promised leading up to the passage of the ACA in 2010 and how that guarantee actually played out is well within the capabilities of a third-grader. But strangely enough, many media There is a lack of appetite among intellectuals and virtually all academic circles to point out how the ACA has made health care more expensive for Americans.
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