The problem
is simply stated. Millions will be losing their individual insurance
policies that they were promised they could keep. They will be expected
to buy more expensive ObamaCare-approved policies than they want or
need, and to do so from ObamaCare exchanges that aren't working.
Mr.
Obama's fix, which he proposed on Thursday and which was quickly
debunked by the insurance industry and its state regulators, can't work
because Mr. Obama can't let it work. He has to fight to preserve the
central purpose of ObamaCare—to use the individual mandate and
ObamaCare's compulsory benefit list to capture money from unwilling
buyers of ObamaCare's gold-plated insurance policies to subsidize
others.
Let's understand: The stumbling
block to fixing Mr. Obama's broken promise is Democrats clinging to the
central redistributive scheme embedded in ObamaCare. There is no reconciling the two.
Americans are beginning to understand that the essence of the Affordable Care Act
is that millions of people are being conscripted to buy overpriced
insurance they would never choose for themselves in order to afford Mr.
Obama monies to spend on the poor and those who are medically
uninsurable due to pre-existing conditions. Both Mr. Obama and
Republicans are blowing smoke in claiming that the damage done to the
individual market by the forced cancellation of "substandard" plans
(i.e., those that don't meet the purposes of ObamaCare) can somehow be
reversed at this point. It can't be.
What
can be done is Congress creating a new option in the form of a national
health insurance charter under which insurers could design new low-cost
policies free of mandated benefits imposed by ObamaCare and the 50
states that many of those losing their individual policies today surely
would find attractive.
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