After the passage of Obama’s War on Health three years ago – otherwise known, laughably, as the “Affordable Care Act” – cute little “I [heart] Obamacare” bumper stickers have floated around communities throughout the United States as a way for people to pledge their support for rising costs of healthcare. But inquiring minds want to know…which part of Obamacare do they love the most?
Do they love the fact that this law is forcing employers to cut the hours of unskilled workers so they fall below the threshold of “full time”, or cutting back on hiring because of the increasing costs of healthcare? Part-time workers have increased by almost 20% in the last three years alone. Coincidence?
Or maybe they love the planned layoffs that the costs associated with these new healthcare regulations are prompting many smaller businesses to consider as they cope with the known – and unknown – burdens of Obamacare?
They may love the fact that the younger and healthier population will be raked over the coals as Obamacare gets fully implemented, losing access to their low cost plans of today in favor of more expensive policies of tomorrow – as reported by the Huffington Post (yes, THAT Huffington Post).
Perhaps they love the wholesale increase in premiums and fees that are associated with Obamacare, like the premium tax now paid by insurers (and passed on to their customers, of course)? Some estimates put the increase in premiums at a whopping 169% and, according to Forbes Magazine, an average of $3,065 per person.
But maybe that’s not it. I bet they love the fact that Obamacare will add another $6.2 trillion to our nation’s deficits over the coming decades, according to a report by the Government Accountability Office (GAO).
Closely related, maybe it warms their hearts to know that the true cost of Obamacare is a whopping $233 billion MORE than the government advertised when the legislation was signed into law?
It is possible that lovers of Obamacare enjoy bureaucracy. According to the Associated Press, applying for coverage and benefits under Obamacare is as complex as doing your taxes and requires a 21-page form to be filled out and submitted.
Another possibility is those who support Obamacare find hope in a recent survey that found 60% of U.S. doctors, due to Obamacare, are far less optimistic about the future of medicine and healthcare in the United States.
According to the Wall Street Journal, “The congressional Democrats who crafted the legislation ignored virtually every actuarial principle governing rational insurance pricing”. Do bumper sticker supporters of Obamacare love that part, too?
Now that is true love.