Obamacare: ‘It Could Have Been Worse’ Says White House Economist


In 1968, I was sixteen years old and had a minor traffic accident that only resulted in a broken headlight and dented front fender of my parents 1962 Ford Falcon. Even though the damage was minor, I was afraid of how my dad would react when he got home from work. I was surprised when my dad looked at the wrecked car and told me ‘it could have been worse’ and that he was glad that no one was hurt.

Forty-seven years later, White House Economist Jason Furmon pretty much said the same thing about a national wreck known as the Affordable Care Act. Speaking about Obamacare at a bastion for progressive socialist ideas, the Center for American Progress, Furmon stated:

“The important thing about this is it’s no worse.”

I noticed that Furmon did not follow up with the same statement my dad made about being glad that no one was hurt. Unlike my accident, millions are being hurt by Obamacare. Millions have lost their healthcare coverage because of the costs or because their employers have reduced their hours to less than 30 per week so they no longer have to provide coverage.

But that’s not the only way Obamacare has been hurting millions of Americans. Forbes reports:

“It’s pushed both deductibles and premiums through the roof. As a result, millions of consumers have been forced to buy overpriced insurance — and yet still have to empty their wallets when they visit the doctor’s office.”

“According to the online insurance marketplace HealthPocket, deductibles shot up 42 percent during the health law’s first year, compared to those for plans available pre-Obamacare. Today, almost one in seven Americans spends 10 percent or more of his or her income on out-of-pocket costs like deductibles.”

“Plans with high deductibles already dominate in many states. In Indiana, which uses the federally operated HealthCare.gov exchange, 24 of the 29 plans available have high deductibles — defined as at least $1,300 for individuals and $2,600 for families. In South Dakota, 31 of 38 plans do.”

“Next year will bring more of the same. A recent report from Modern Healthcare concluded that 60 to 80 percent of the plans sold in a given exchange market could have high deductibles.”

“These deductibles are squeezing ordinary Americans. According to a recent survey from the Commonwealth Fund, nearly half of all adults with annual incomes ranging from 100 to 399 percent of the poverty line — or about $12,000 to $48,000 — described their deductibles as “difficult or impossible to afford.”

“More than half of households between 100 and 250 percent of the poverty line — or about $24,000 to $59,000 — don’t have enough available cash to pay deductibles, noted the Kaiser Family Foundation in a recent study.”

I think Furmon has been smoking the same stuff as California’s top Obamacare supporter Nancy Pelosi has been smoking. Obamacare is hurting millions of us financially, emotionally and physically. Think of all the reports of businesses who cut their employees hours down from 40 hours a week to less than 30 hours. That’s over a 25% pay cut plus the loss of benefits. I wonder if Furmon would be willing to take a 25% pay cut and loss of his benefits and then tell everyone that ‘at least it’s not worse?”

 

 

 

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