Today is the anniversary of President Obama’s signing federal health-reform legislation into law. At the time, Democrats promised repeatedly that the public would grow to love it over time. But you may have noticed that left-wing blogs and websites aren’t exactly celebrating the occasion.
I guess we’re all still waiting to find out what is in it.
Actually, the law’s unpopularity may be instead that we know too much about what is in it. I’ll have another post later today about things Georgia is, or should be, doing to improve our health-insurance market in spite of ObamaCare. But for now, Emily Miller at Human Events counts down the top 10 failures of ObamaCare in its first year, beginning with:
1. Explodes the Budget Deficit
One year ago, Obama said, “This legislation will also lower costs for…the federal government, reducing our deficit by over $1 trillion in the next two decades. It is paid for. It is fiscally responsible.”
Today: ObamaCare is projected to cost at least $2.4 trillion when it is fully implemented. Instead of Obama’s promise to reduce the deficit, the Congressional Budget Office (CBO) estimates that ObamaCare will increase the federal deficit by $260 billion through 2019. The United States has more than $14 trillion in debt already, and will hit the current statutory debt ceiling ($14.3 trillion) in the next couple of months. (italics and links original)
The list continues with:
2. Kills Jobs
3. Lose Your Own Doctor and Health Plan
4. States’ Budget Deficits Grow to Possible Bankruptcy
5. Higher Insurance Premiums
6. Crushes Businesses
7. Fewer Americans Have Access to Health Insurance
8. Senior Citizens Lose Medicare Coverage
9. Overburdens Small Business
10. Tax Hikes
You can read the explanations for items 2-10 here.
– By Kyle Wingfield
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