(Washington Times) The backbone of ObamaCare is taking shape with 26 states choosing to let the federal government run the online insurance markets–otherwise known as the “Health Insurance Exchanges” mandated by Obama’s so called signature reforms.
Obama’s Dept of Health & Human Services has encouraged states to run their own exchanges, which they claim would help the uninsured find coverage. Only 17 states and the District of Columbia, took on this task while 7 states decided to split the duties according to a breakdown by the Henry J. Kaiser Family Foundation.
There are many arguments against creating ObamaCare Health Ins Exchanges, the CATO Institute outlines. First, states are under no obligation to create one; Second, operating an ObamaCare Health Ins Exchange is illegal in 14 states that have enacted either statutes or the citizens of the given states have passed Constitutional Amendments forbidding state employees to implement ObamaCare individual and employer mandates; Thirdly, each ObamCare Health Ins Exchange would cost its state an estimated $10 to $100 Million per year to operate, as state budgets are lean because of Obamanomics failures, states would need to raise taxes to offset the costs, to name a few.
Additionally, as the federal budget deficit now exceeds $16.5 Trillion rejecting ObamaCare Health Ins Exchanges helps to reduce the out of control federal deficit–ObamaCare offers its deficit financed subsidies to private health insurers only through state created exchanges–if all states declined, the federal deficit would fall by an estimated $700 Billion over 10 years.
Gone are the days when reasoning and logic dictated what is in the best interest of the nation. Today we know that Obama’s claims that his signature legislative achievement will cut the cost of a typical families health insurance premiums by up to $2,500 a year was a lie.
Since the State of California got suckered into establishing an ObamaCare Health Ins Exchange, according to the LA Times the Dept of Insurance officials have expressed concern about substantial rate hikes for some existing policyholders and under a new rating map approved by state lawmakers–premiums for similar coverage may increase as much as 25% in West Los Angeles, 22% in the Sacramento area and nearly 13% in Orange County.
Likewise, on the 14 February, I wrote here according to a new survey by the American Action Forum of major health insurers representing the vast majority of covered individuals in the U.S. the question of what impact ObamaCare will have on premiums was answered, finding that healthcare premiums for the relatively young and healthy Americans will skyrocket by an average of 169% in 2014
In 2009, Glenn Woiceshyn wrote in Capitalism Magazine that “Bad Government undermines prosperity–its root cause is the failure to uphold and protect individual rights.”
ObamaCare is bad government policy, it confiscates individuals wealth and prosperity, it promises what it can not deliver and deprives Americans of individual liberty.
“Freedom is never more than one generation away from extinction. We didn’t pass it to our children in the bloodstream, it must be fought for protected and handed on for them to do the same.” — Ronald Reagan
Related: ObamaCare Funds for Pre-Existing Conditions Runs Low –WaPo
Tweet