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The Impact of One of the Worst Designed Laws Ever Comes
Front and Center
Paying the Price for Incompetence
The health care reform act, the ACA, the piece of
legislation cobbled together by the Obama administration and passed by
Democrats was a terrible design. The
problems with the act, from the lie about everyone could keep their existing
insurance to the fact that no one understands exactly what was done to the
horrible implementation of the health insurance centers are now coming back to
haunt those who refused to listen to experts in the field of health care
economics.
The current blow, and it is a very serious one is the
result of an
analysis by the Congressional Budget Office. It concluded that employment would be reduced
going forward and that far fewer individuals would have health care insurance
than was previously thought.
WASHINGTON
— A new analysis from the Congressional Budget Office says that the Affordable
Care Act will result in more than 2 million fewer full-time workers in the next
several years, providing Republican opponents of the law a powerful political
weapon leading up to this year’s midterm elections.
The
law is also expected to have a significant effect on hours worked, the
nonpartisan budget office said in a regular update to its budget
projections released Tuesday. With the expansion of insurance
coverage, more workers will choose not to work and others will choose to work
fewer hours than they might have otherwise, it said. The decline in hours worked
will translate into a loss of the equivalent of 2.5 million full-time positions
by 2024, the budget office said.
The
budget office analysis found that much of the law’s effect comes from reducing
the need for people to take a full-time job just to get insurance coverage, and
from the premium subsidies effectively bolstering household income.
All of this is the result of the hubris and arrogance of the
Obama team, and the idea that they could design a health care reform law. They could not.
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