ObamaCare’s high-risk pools are a failure, with high costs leading to few enrollees. “It’s a centerpiece of President Barack Obama’s health care remake, a lifeline available right now to vulnerable people whose medical problems have made them uninsurable. But the Pre-Existing Condition Insurance Plan started this summer isn’t living up to expectations. Enrollment lags in many parts of the country. People who could benefit may not be able to afford the premiums. Some state officials who run their own ‘high-risk pools’ have pointed out potential problems.”
A new ObamaCare calculator from The Heritage Foundation lets you analyze how the costs of the bill would change if certain assumptions used by the Congressional Budget Office are incorrect.
“ObamaCare is not that better way. In its attempt to reform healthcare, the administration has created overlapping layers of laws and regulations intended to anticipate everything that could go wrong and prevent it. Every problem—the uninsured, rising insurance premiums, ineffective and expensive care—is addressed. Every solution further centralizes power and decision making in Washington. The promises do not come cheap.”
ObamaCare forces unrealistic mandates on insurers, forcing them to cover children regardless of their health status. Instead of resulting in new health care for children as promised, companies have been driven from the market. “The insurers will no longer write ‘child-only’ policies — a small, niche market — over concern that the health reform law will make the market unstable and unprofitable.”
ObamaCare requires insurers to guarantee health coverage to children with pre-existing conditions starting on September 23rd. That will raise costs so significantly for insurers that they are abandoning the child-only market and cease issuing any new policies.
Tax credits for small businesses in ObamaCare were supposed to help them cover the costs of expanding coverage, but the cuts are so small and restrictive they’ll likely do very little. “Though small firms eligible for some level of the tax credit employ approximately 16.6 million employees, the report estimates that businesses that might actually take advantage of the credit employ only 3.4 million workers. Moreover, a large portion of those 3.4 million already receive health insurance through their job.”
“Given today’s high rates of unemployment and the fact that most Americans get health insurance through their employers, the increased number of uninsureds comes as no surprise. The exodus from job-based insurance will only escalate under Obamacare.”
ObamaCare’s provisions to help the uninsured before the massive subsidy program starts is off to a rocky start. “Earlier this month, the Obama administration launched the latest version of high-risk pools, as authorized by the Patient Protection and Affordable Care Act (PPACA). The new pools are off to a stumbling start – behind schedule, facing resistance (or indifference) from many state governments, structurally flawed, and substantially underfunded. In other words, ‘Close enough for government work.'”
“Does President Obama have any idea what’s in his own health-care reform law? Since he signed the Patient Protection and Affordable Care Act a bit more than 100 days ago, the president has given a number of speeches and interviews in which he continues to say things that, well, just aren’t so. Just last Friday, he told MSNBC’s Chuck Todd that the law ‘not only makes sure everybody has access to coverage but is reducing costs.’ Wrong on both counts.”
“I think what is interesting is how poorly the law stacks up against its proponents’ own criteria. The new law fails to control rising health-care costs or increasing health-insurance premiums. In fact, the legislation will actually increase U.S. health-care spending by $311 billion over ten years. Insurance premiums will roughly double over the next six years, roughly what was expected before the law passed. It doesn’t restructure programs in a way to improve quality… By 2019, there will still be 21 million uninsured Americans, and nearly half of those who do get coverage under this law are merely thrown into Medicaid. Many other touted reforms come with surprisingly high price tags. For example, sure you can now keep your children on you insurance plan through age 26, but it will cost them an average of $3,380 per year per child in higher premiums. Even if you believed completely in President Obama’s goals, it’s hard to see what there is to like about this law.”