Two different stories that came out today highlight the real consequences of the destructive and misguided ObamaCare regulations (known as the "Patient Protection and Affordable Care Act"). Rather than helping, the ObamaCare rules are wrecking havoc on companies, individuals, and medical institutions, spreading more misery to all of America .
Instead of reducing costs and helping people, ObamaCare is dramatically raising costs (estimates have doubled to $1.76 trillion) and hurting Americans (4 million will lose coverage), while gradually destroying our world-class health care system which America has created based on ethical capitalism, competition, and free-market principles. Conservatives warned that this was going to happen, and this is exactly what we're witnessing.
Four Million Fewer Covered at Work Under Obamacare
by Keith Koffler - March 14, 2012
A new report by the nonpartisan Congressional Budget Office states that by 2016, Obamacare will result in 4 million people fewer people getting health insurance coverage from their employers.
The estimate is a vast increase from the CBO prediction just a year ago that 1 million would no longer obtain coverage from their employers. And it raises substantial questions about the veracity of one of Obama's key pledges in selling the health care law - that everyone who wants to keep their current health insurance plan and doctor could do it.
CBO: Obamacare to cost $1.76 trillion over 10 yrs
by Philip Klein - March 13, 2012
President Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.
Of course, these objective (non-partisan) facts and clear results before us will not deter the liberals, leftists, and progressives who cannot be bothered with reality. The left will continue to support the suicidal socialized medicine model that has been a failure throughout history. As long as they "feel" it works, it must be working. Meanwhile, the rest of us are faced with the spreading devastation of arbitrary and oppressive government mandates that threaten our lives, health, and safety.
Chris Banescu regularly blogs at www.chrisbanescu.com and www.orthodoxnet.com/blog.