ObamaCare's Fourth Anniversary --- A Costly Failed Experiment
With Sunday marking the fourth anniversary of the Affordable Care Act being signed into law, it's worth revisiting the initial purpose of the president's signature legislation: Universal coverage was the main goal. Four years later, not even the White House pretends that this goal will be realized. Most of those who were uninsured before the law was passed will remain uninsured, according to the Congressional Budget Office.</br></br>Democrats also fixated on another goal: protection for people with pre-existing conditions. One of the first things the new law did was create federal risk pools so that people who had been denied coverage for health reasons could purchase insurance for the same premium a healthy person would pay. Over the next three years, about 107,000 people took advantage of that opportunity.</br></br>Think about that. One of the main reasons given for interfering with the health care of 300 million people was to solve a problem that affected a tiny sliver of the population.</br></br>More recently, the president has had to explain why between four million and seven million people are losing their health insurance despite his promise that they would not. The new insurance will be better, he tells us. No longer will insurers be able to cancel your coverage after you get sick. What he doesn't say is that this practice was made illegal at the federal level by the Health Insurance Portability and Accountability Act of 1996, and was illegal in most states long before that.</br></br>While the president and his party struggle to find more convincing reasons why we need ObamaCare, three huge problems won't go away.