What Else Is Wrong with Obamacare?
It would cost twice as much as the deficit commission is trying to “save.” The CBO says that Obamacare would cost an estimated $2.5 trillion during its real first ten years, at a time when the deficit commission is trying to come up with $1.2 trillion in “savings” over ten years.
It would raise, rather than lower, health costs. The Medicare chief actuary says that Obamacare would increase health costs by hundreds of billions of dollars by the end of this decade.
It would massively expand Medicaid. At a time when our national debt is $15,000,000,000,000.00 and is about the size of our entire gross domestic product, Obamacare would provide a colossal expansion of Medicaid -- expanding it to cover portions of the middle class. In fact, the CBO projects that fully half of the newly insured under Obamacare would be people dumped into Medicaid at taxpayer expense (see Table 4).
It would establish the grisly IPAB. The Independent Payment Advisory Board (IPAB) is a sort of poor man’s (because less powerful) British National Institute for Clinical Health and Excellence (NICE), the British rationing agency that so many of Obama’s nominees are rather enamored with. The IPAB would be charged with keeping future Medicare spending below a specified level. The dictates of its 15 unelected members would have the force of law and couldn’t be overruled even by a majority vote in both houses of Congress and the president’s signature.
It would politicize medicine and amass unprecedented power and money in Washington at the expense of Americans’ liberty. Alexis de Tocqueville warned democracies of the extraordinary dangers of the consolidation and centralization of power. He warned:
A democratic republic ... in which ... administrative centralization [was] accepted by custom and by law ... would become more intolerable than in any of the absolute monarchies of Europe.
It may easily be foreseen that almost all the able and ambitious members of a democratic community will labor unceasingly to extend the powers of government, because they all hope at some time or other to wield those powers themselves. It would be a waste of time to attempt to prove to them that extreme centralization may be injurious to the state, since they are centralizing it for their own benefit.
The individual mandate is only the tip of the iceberg. It’s time to repeal Obamacare.