ObamaCARE continues to unravel before our very eyes. If so many millions of Americans weren’t the victims of the ObamaCARE collapse, it would be hysterically funny.
Rumors have been circulating in the marketplace all week that the administration was thinking of extending the individual health insurance policies that Obamacare was supposed to have cancelled for as much as three more years.
First, as I have said before on this blog, the law’s reinsurance provisions will mean Obamacare can keep limping along for at least three years. And, even making this change won’t alter my opinion on this. It will just cost the government more reinsurance money to keep the carriers whole.
By asking if it is unraveling, what I really wonder about is the whole sense of fairness in the law and the expectation that everybody needs to get the Democrat’s definition of “minimum benefits” whether they want them or not.
Obamacare has created a well-documented market that is heavy in mandated minimum benefits but also as a result impacted by big deductibles, narrower provider networks, and higher premiums.
Those people in pre-Obamacare individual market policies don’t have the big benefit mandates but they generally also have smaller deductibles, wider networks, and lower premiums.
And, what about the much larger small employer market that is now being forced into the same Obamacare mandates often resulting in much higher premiums and deductibles? Do they get a reprieve––many of them have also deferred their compliance by using the carriers’ early renewal programs?
Would it be fair to make almost indefinite a two-tiered health insurance system with some people being able to keep their old policies but prevent others from getting them?
Smitty at The Other McCain has come to the follow three realizations about ObamaCare.
Hayek wins. Again.
The insurance companies may have thought they were dealing with the pleasant Cthulhu, but the insurers are as much on the menu as the rubes who gave this no-talent rodeo clown a pass last November.
The GOP is as much at fault for all of this idiocy, insofar as it plays the Progressive game, and doesn’t offer substantial reform that redistributes power, not wealth.