As the Affordable Care Act–otherwise known as ObamaCare–begins to be implemented, we are seeing its first big consequence: it is making care less affordable.
…Lo and behold, we see reports today that insurance premiums are going up partly because of “new federal rules that increase the services that health insurers are required to include in the health plans they sell.”
…The rising premiums are bad enough in themselves, but they raise the prospect of crashing the whole structure of the health insurance system created by ObamaCare.
…But I don’t think that’s any kind of mystery. The consequences of ObamaCare–particularly the built-in “death spiral”–are so predictable that I don’t think the legislation’s architects can profess innocence. From the beginning, I have had suspicions, so to speak, that a stable health insurance industry was not the goal of ObamaCare. Rather, I warned: “It is an attempt to turn health insurance into what the left really wants: another welfare program in which everyone is entitled to free benefits, mandated by the government.”
…It smashes private health care–then leaves us stranded in the rubble, at which point we will be expected to come crawling back to the same people who caused the disaster and ask them to save us.”
The first half of our predictions from 2009 are already coming true. I am afraid that we’re going to have to come back in another few years, after the second half has come to fruition, and say once again: we told you so.