Sticker Shock: Healthcare Spending Spikes As ObamaCare Takes Effect
For some time now, Barack Obama and his apologists have trumpeted slowing healthcare costs as somehow attributable to ObamaCare. Never mind that the declines predated Obama's election, and that even The Washington Post gave him three Pinocchios in its Fact Checker analysis of this claim on November 5 of last year:
Healthcare inflation has gone down every single year since the law [ObamaCare] passed, so that we now have the lowest increase in healthcare costs in 50 years - which is saving us about $180 billion in reduced overall costs to the federal government and in the Medicare program."
To illustrate how he played the role of rooster taking credit for the sunrise, healthcare cost inflation reached 7% in 2003, but plummeted to approximately 2% before Obama even took office.…[more]
From financially dubious exchanges to subsidies that aren’t technically legal, ObamaCare is imploding under its own shoddy draftsmanship.
ObamaCare’s state-run exchanges are a great idea – so long as federal taxpayers foot the bill. Since the law was passed in 2010, almost $5 billion in federal start-up grants have been doled out to the states. The idea was to entice state officials with seed money so that ObamaCare’s supporters could shift legacy costs onto state taxpayers. This was just one of the ways long-term ObamaCare projections could be considered deficit neutral…
"[Trump's] rise is not due to his supporters' anger at government. It is a gesture of contempt for government, for the men and women in Congress, the White House, the agencies. It is precisely because people have lost their awe for the presidency that they imagine Mr. Trump as a viable president. ...Mr. Trump's supporters like that he doesn't in the least fear the press, doesn't get the dart-eyed,…[more]