From the Illinois Policy Institute –
The Affordable Care Act, or ACA, commonly known as ObamaCare, is a train wreck. For many, since ObamaCare was enacted the cost of coverage has dramatically increased and will continue to do so. People aren’t enrolling in ObamaCare at the rate the Obama administration predicted – by a long shot. And many are finding out that they can’t keep their insurance or their doctor.
And for all the damage the ACA has caused, there is little reason to believe that it will actually expand health care access and affordability. Today, the majority of Americans prefer the flawed health care system that we had prior the ACA.
Here are some important facts every Illinoisan should know about ObamaCare and Medicaid:
1. “If you like your health insurance, you can’t necessarily keep it.” Bureaucrats in the Obama administration wrote regulations that deemed millions of policies as substandard. These regulations were intended to throw large numbers into the ObamaCare exchanges.
2. Many of the reported ObamaCare “enrollees” were actually already insured before ObamaCare cancelled their policies. When you account for all of the individuals who had their policies canceled as a direct result of ObamaCare, as well as those who would have been eligible for Medicaid before the Affordable Care Act, or ACA, it is possibly that ObamaCare has done little to actually expand coverage to the previously uninsured.
3. The ACA has provisions to bailout insurers that lose money in the ObamaCare health care exchanges. Americans could be on the hook for $47 billion.
4. Work hours in Illinois have dropped since ObamaCare was signed into law. ObamaCare is likely to cost more jobs and work hours in an already-frail economy. The evidence from Illinois shows that employers, particularly those with the lowest wage and lowest average hours, have been dramatically cutting labor hours since 2011. This trend is highly suggestive and points to employers cutting employees’ hours to avoid ObamaCare’s harshest penalties.