Affordable Care Act - Obamacare

This act has been a heart-breaking, abject failure, very painful and unfair to our citizens, particularly to the poor. After millions of dollars, the website is still a mess. Our government has lied to us, care is down, rates and deductibles are up. You can't keep your healthcare OR your doctor, as promised! The burden of ACA is crushing jobs and our economy. Here are seven initiatives I will fight for in Congress:

  1. Repeal of Obamacare.
  2. Permit insurance companies to compete nationally to increase competition
  3. Allow insured "groups" to form outside businesses or associations. Bigger risk pools = lower rates. Individuals may do better by associating with a group. 
  4. Increase and promote Health Savings Accounts.
  5. Allow health insurance to be personal and portable. A consumer may take their policy from job to job, arranging what portion the new employer will pick up as part of the pay package. That portion remains deductible to employer, and non-taxable to consumer.
  6. Allow individuals to fully deduct health insurance premium payments from their tax returns.
  7. Reduce healthcare regulation.
Competition & Personal Control Will Drive Costs Down!

Let's take a look at the implementation of the Affordable Care Act - Obamacare

  • 13 of the 23 healthcare exchanges have now failed. This has left hundreds of thousands of citizens without insurance, cost $1.2 billion in startup taxpayer loans and those exchanges owe another $1.1B in liabilities.
  • The 18 to 34 group is not signing up which pressures rates on older participants. The young people who are enrolling tend to have more serious (and costly) medical problems. The young view the one-size coverage as not appropriate for them.
  • ACA contains 18 separate tax increases, estimated to cost $503B.
  • The rules punish employers going over 50 employees, hurting our economy. 
  • Most of new signups simply went on Medicaid which could have been achieved at a fraction of the cost. 
  • 53% of Americans view Obamacare unfavorably, including 37% with a Very Unfavorable opinion. Just 32% of likely U.S. Voters believe the government should require every American to buy or obtain health insurance.
  • Doctors Agree: Obama's Electronic Medical Records Mandate Is Dysfunctional!
  • A 40% tax on better (“Cadillac”) plans kicks in in 2018
  • One-size-fits-all ignores state and regional differences, and drives up costs by forcing customers to buy coverage they don't want. 
  • Congressional Budget Office: loss of 2.5M jobs, cost $1.2T, 30 Million still uninsured.
  • United HealthCare, is pulling out of major markets. This marks the beginning of the Death Spiral.

What is perhaps the most upsetting is how much the Administration is fudging and fabricating this complex disaster to make it look better. The insurance companies offering health care plans through the Affordable Care Act Marketplace in Maine have all filed double-digit rate hike proposals in the individual market for 2017

The point is: We Can Do Better!

 

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