ObamaCare is paid for partly with new taxes on health firms, especially medical device manufacturers and drug companies. These taxes will discourage medical innovation and drive up the cost of care.
Since the subsidies for the uninsured don’t begin until 2014, ObamaCare creates high-risk pools to help the uninsured get coverage. This program is so poorly designed and ill-conceived that instead of insuring hundreds of thousands of people, as expected, only about 8,000 people have coverage in the program.