The Washington Post is one of the most liberal newspapers, but not the worst. For example, further left there’s the New Republic and National Journal, which are basically Marxist. Well the article I’m looking at today was written by a columnist who has worked for both National Journal and New Republic. He’s even work for Newsweek which is just Democrat propaganda. Surprisingly, his WaPo article is actually fairly accurate about the problems with Obamacare, although his opinions of what to do instead are still left-wing.
He lists 5 reasons why Obamacare is bad policy:
- It increases uncertainty and decreases confidence when recovery from the Great Recession requires more confidence and less uncertainty.
- The ACA discourages job creation by raising the price of hiring.
- Uncontrolled health spending is the U.S. system’s main problem — and the ACA makes it worse.
- Obama’s program also worsens the federal budget problem.
- The ACA discriminates against the young in favor of the old.
Here’s are the details on numbers 2,4 and 5:
(2) The ACA discourages job creation by raising the price of hiring. This is basic economics. If you increase the price of labor, companies will buy less of it. Requiring employers to buy health insurance for some workers makes them more expensive, at least in the short run. Particularly vulnerable are low-skilled workers, notes economist Diana Furchtgott-Roth of the Manhattan Institute. Because the employer mandate exempts firms with fewer than 50 workers, there’s a huge incentive for firms to stop at 49, she says.
(4) Obama’s program also worsens the federal budget problem. Driven by Medicare and Medicaid, health care already exceeds one-fourth of the budget and is headed toward a third. It’s the crux of the problem. So Obama creates another huge health program. The administration’s retort: the program lowers the budget deficit. This is rhetorical hocus-pocus. Here’s what happens. From 2012 to 2022, the ACA raises federal spending by $1.762 trillion, estimates the Congressional Budget Office. However, all of this and a bit more is offset by tax increases and assumed cuts in Medicare. But these tax increases and cuts could have been used to shrink the huge budget deficits that pre-existed Obamacare. Now they can’t; moreover, the Medicare cuts might be repealed or reduced.
(5) The ACA discriminates against the young in favor of the old. Government policy already does this through payroll taxes that have young workers subsidizing Social Security and Medicare benefits. The ACA compounds the effect by forcing some young Americans to buy insurance at artificially high premiums that would pay for the care of a sicker, older population.
Higher unemployment, more debt and passing the costs on to the younger generation who can’t even find jobs with their worthless degrees in political correctness.
I think there are a lot of leftist nuts who are getting increasingly disengaged with Obama’s plan to “help the poor”. It’s not working because Obama has no idea how to help the poor. The way to help the poor is to give them jobs, and the way to give them jobs is to give more incentives to the private sector job creators, and the way to give incentives to the private sector job creators is to lower their taxes and decrease their regulatory burden. That’s what would actually work. Obama did the opposite, and nowhere is this more visible than in his Obamacare boondoogle.