Failure, as Glenn Reynolds like to remind us, depends on what you set our to accomplish. Let’s look at ♡bamaCare!!!’s latest achievement:
A new, national study suggests that Obamacare redistributes wealth from the middle class to the poor. Those Americans whose earnings are above the federal poverty line (FPL) pay more for health insurance than do their poorer neighbors under the controversial law.
The March 30 report by Avalere Health, a consulting firm formed by former Clinton administration policy aides 15 years ago, demonstrates that Obamacare subsidies guarantee that those with the lowest incomes pay the smallest premiums and get the most liberal coverage. But those middle class Americans who pay more for Obamacare health insurance get much more meager coverage. The health consultancy found that during the most recent enrollment period nearly 80% of eligible uninsured people with incomes less than 150 percent of FPL ($17,655) have selected an Obamacare insurance plan.
The rich stay rich, the poor get their handouts, and the middle class enjoys the privilege of taking it right in the nads.
The current Democrat rich-poor coalition exists for one reason only: To put the squeeze on the middle class. There are two reasons for this.
1. The middle class is where the money is, so you’ve got to go after them to pay for the generous welfare programs demanded by the poor.
2. The middle class typically breeds the next generation’s disruptive entrepreneurs, putting today’s rich at risk. The more hoops they have to jump through, the more debts they must incur, the more safety the Establishment enjoys.
So by that measure, ♡bamaCare!!! is one big success story.