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Obamacare to increase average American’s healthcare costs by more than $7,000

October 22, 2013   ·   0 Comments

Fotо: EPA

The Affordable Care Act, also known as Obamacare, is the textbook kind of a policy based on good intentions but plagued by disastrous execution and lobbyism. The first steps of Obamacare’s implementation show that instead of making healthcare affordable, it makes insurance premiums go up.

The launch of the healthcare.gov website has been a disaster. So far, the number of people who signed up for Obamacare is several times lower than the number of people who have signed up for a potential one-way trip to Mars. This episode of technical ineptitude is the most recent in a string of utter failures by Obamacare planners.

Cyniconomics.com quotes Ron Suskind’s Pulitzer-winning description of how Obamacare was created:

“By the time it passed, almost no one could feel great about it. The process had been so ugly – and the end product so convoluted – that even its fiercest apologists would acknowledge that it was a bill that was only a start.”

Forbe’s contributor, Chris Conover calculated that Obamacare will increase the health average insurance premium paid by a family of four by $7,450. Research by the Manhattan Institute proves that average insurance rate premiums will rise 99 percent for men and 62 percent for women. Increasing the average healthcare costs doesn’t make healthcare more affordable, it only makes Americans poorer.

The only way to reduce healthcare costs for all Americans is to dismantle the existing cartels of insurance companies and hospitals. Due to lobbying money invested by those cartels, American laws actually protect them and exempt them from anti-trust regulations like The Sherman Act. Breaking the cartels, forcing healthcare providers to compete for market share instead of colluding for price fixing would slash healthcare costs in half. Of course, such a reform will anger the medical and insurance companies which finance both Democrats and Republicans in order to keep the current system intact. The truth is that no one in Washington is willing to anger the powerful “healthcare lobby” and everyone, even most Republicans, explicitly agree or tolerate the current state of affairs in which Americans are subjected to price gouging by a the medical industry.

VOR

Valentin Mândrăşescu

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