“On the eve of a House vote to repeal ObamaCare, the Department of Health and Human Services has released a report claiming that if repeal succeeds, ‘1 in 2 non-elderly Americans could be denied coverage or charged more due to a pre-existing condition.’ A few problems with that claim…”

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“A close examination of CBO’s work and other evidence undercuts this budget-busting argument about repeal and leads to the exact opposite conclusion, which is that repeal is the logical first step toward restoring fiscal sanity.”

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“In fighting against Obamacare repeal this week, Democrats portray their health care law as a money saver, claiming Republicans would add to the deficit by abolishing the legislation. But in their franker moments, the bill’s authors admit that “reform” could be something of a time bomb that will cause exploding health care costs down the line. One top Senate aide plainly stated last summer, “This is a coverage bill, not a cost reduction bill.” The time-bomb nature of Obamacare was presaged by Mitt Romney’s health care bill in Massachusetts, which also expanded health insurance coverage by mandating that all individuals buy insurance, prohibiting insurers from dropping customers, and subsidizing the insurance of those with difficulty affording it.”

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“Hayek’s most famous insight, about the indispensible informational function of the price mechanism, in his most famous paper, ‘The Use of Knowledge in Society’, comes in the course of an argument to the effect that central economic planning boards are bound to fail. On it’s face, it’s hard to agree that the Affordable Care Act does much to incorporate the fundamental Hayekian lesson when one of its key provisions is the establishment of the Independent Payment Advisory Board, a sort of central price-setting committee thought by its advocates necessary to contain the runaway cost of the American health-care system.”

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ObamaCare gives the government sweeping new powers to micromanage insurance policies. Their one-size-fits-all decisions are almost guaranteed to fail. “Draw up a package that is too bare-bones, and millions of Americans could be deprived of meaningful health-care coverage when they need it most – undercutting a central goal of the new law. Add in too many expensive benefits, and premiums could spike to unaffordable levels.”

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“But that aside, Obamacare’s fiscal failure comes down to something a lot more basic: Government agencies nearly always overestimate the revenue generated from tax increases, and nearly always underestimate the new spending caused by new entitlements. Americans are a lot smarter than they look from inside the Beltway, and they modify their behavior to avoid new taxes and obtain new largesse. Federal bureaucrats may be good with calculators, but they’re weak on human nature.”

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“The long-term care pharmacy lobby says a proposed regulation that aims to reduce waste would end up raising prices for the Medicare Part D prescription program and taxpayers with little benefit to show for it.”

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“Florida officials have joined a growing number of states and companies seeking waivers from the new medical-loss-ratio requirements imposed by the federal government under President Obama’s health care law.”

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“Calling these rules ‘consumer protections’ implies that the people harmed don’t matter, or one has clairvoyance to know that the benefits outweigh the costs.
ObamaCare supporters should call these supposed consumer protections what they are: regulations that can hurt even more than they help.”

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“Defenders of ObamaCare have seized upon a Jan. 6 letter from the Congressional Budget Office (CBO) to House Speaker John Boehner alleging that repeal would ‘increase the deficit.’ Don’t be bamboozled. When big spenders call for ‘deficit reduction,’ they mean raising your taxes. That is what ObamaCare does.”

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