Posts Tagged ‘Trumpcare’


New health insurance is desperately needed since Obamacare is quickly falling apart and needs something much cheaper and better to replace it.  Its failure will hurt many people by eliminating government health insurance.  Since the U.S. is stuck with Obamacare for now, let’s take a look at it.

 Obamacare covered full-time employees in companies that employed 50 or more people.  Because Obamacare is very expensive, businesses were very wary of hiring additional full-time employees (FTE) and consequently reduced their numbers to under 50 FTE’s, as well as converting full-time positions to part-time, so as to keep FTE’s under 50.  Consequently, the number of jobs that the Federal government reported each month was baloney because: (a) most of those new jobs were part-time jobs, and (b) the major reason the unemployment rate lowered under Obama was because, after the unemployed ran out of benefits, they were no longer considered looking for work and therefore were taken off of the unemployment statistics that were calculated by the Bureau of Labor Statistics.  Those statistics consequently then depicted a lowered (phony) unemployment rate; but had nothing to do with the creation of jobs.  An accurate portrayal of employment is the “Civilian Labor Force Participation Rate” which, in 2016,  was at it’s lowest level since 1978.

2. Because Obamacare has deductibles as high as $5,000 for individuals and $10-12,000 for families, as well as very high co-pays, most people with Obamacare that are not subsidized by the government, do not benefit from it because they can’t meet their deductibles.  In other words, Obamacare for many people is like not having medical insurance…and many found it cheaper to pay the IRS a fine every year for not not having expensive medical insurance that ends up each year in not providing any benefits.

3. With Obamacare’s IPAD (Independent Payment Advisory Board) or “Death Panels” as Sarah Palin calls them, expensive state-of-the-art medical treatment is severely restricted under Obamacare, for the elderly.

4. Though sold to the American public as saving the average American family about $2,500/year, it turned out to be far more expensive to everyone except those receiving government subsidies.  There are many, many people that paid double or triple their previous premiums.  Some paid as much as five times their former premiums.  Moreover, the Federal government spent billions in rolling out the Federal and State websites and in providing subsidies.  If it ever were fully implemented, some forecast that Obamacare would bankrupt the country.

Obamacare or The Affordable Care Act is rife with unintended consequences, some of the major ones I cited above. But there are many more (tax on medical equipment, doctor shortage, etc.).  All of the unintended consequences were completely predictable.  I don’t think that any revisions of The Affordable Care Act would be sufficient to fix it.  It was incompetently and sloppily prepared.  I believe that it must be replaced after (this time) being carefully thought out.  Moreover, it’s failing so rapidly that soon there won’t be government health insurance.  Whatever President Trump develops to replace Obamacare will be much cheaper, as well as a vast improvement, by allowing individuals to actually choose their own plan and doctors.  It will be ready by the 2020 Presidential election.  If President Trump is re-elected, the Senate remains majority Republican and the House returns to a Republican majority, Trumpcare will become a reality.  If not, Obamacare will remain and be unaffordable for everyone except those receiving full subsidies.

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