The stated objective of Barack Obama’s socialized medicine law is to expand access to quality, affordable health care in America — hence the statute’s title, the “Patient Protection and Affordable Care Act.”
As far as intended outcomes are concerned, greater access to lower cost health insurance is certainly a desirable objective. Shrinking the ranks of the uninsured would produce a contraction of America’s welfare state, thus reducing taxpayer obligations associated with dependency. Meanwhile lowering health care costs would create more disposable income, thereby stimulating the nation’s consumer economy.
Clearly these outcomes will not be achieved by Obamacare, though. Instead this Orwellian nightmare will have precisely the opposite effect: dramatically increasing federal outlays (by an estimated $2.5 trillion over its first decade) while limiting disposable income on multiple fronts, not the least of which is its estimated $500 billion in tax hikes.
Like most unnecessary expansions of government, Obamacare doesn’t achieve its objective of “affordable” coverage either. As Obamacare’s first round of mandates and tax hikes kicked in last year, family health care costs soared by nine percent. And according to projections released by the Office of the Actuary in the Centers for Medicare and Medicaid Services, net health care costs for 2014 — the first full year of the law’s implementation — will increase by 14 percent.
Read more at NetRight Daily.