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November 9, 2012
Obamacare: Buyer's remorse?Obamacare repeal was a severe election casualty, but the very untenable nature of the law may force Congress to take another look, and slow down or change some budget-breaking and job-killing features of the law. Stuart M. Butler of the Heritage Foundation, writing on the Journal of the American Medical Association web site, contends that the "core elements of the ACA remain very much in play," because the effects on the deficit and on job creation are likely to pressure Congress to make changes to the law:
With employers reluctant to hire and considering more part-timers in the face of the Obamacare mandates, continued weak employment numbers combined with rising costs for the law's insurance exchanges could
Mr. Butler also observes that with 30 Republican governors contending with pensions and other growing state costs, and Congress "desperately trying to curb spending," the 2014 expansion of Medicaid may face strong resistance at both state and federal levels. The Independent Payment Advisory Board, or IPAB, is likely to grow more unpopular, according to Butler, as seniors see cutbacks to doctors and hospitals, and repeal of that provision had "strong bipartisan support" in the House. Additionally, mounting Medicare cost pressures may give the Ryan Medicare plan "renewed traction" in Congress as a better alternative than forced cost reductions through IPAB. House Speaker John Boehner echoed Butler's Obamacare observations in an interview after the election:
And House Majority Leader Eric Cantor (R-Va.) adds, in a letter to his House GOP colleagues:
The Obama administration will continue to go full steam ahead on implementing the Affordable Care Act, but even the sacred cow of liberalism is subject to the reality of escalating deficits, continued unemployment and public scorn. |
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