The Patient Protection and Affordable Care Act (often known as “ObamaCare”) is often heralded for its benefits, i.e. offering millions of people healthcare, making healthcare more affordable, and stopping insurance companies from denying coverage based on pre-existing conditions. If you think adding more patients who don’t have to pay could somehow make premiums less expensive, you should consider again how exactly that would be possible.
As Nancy Pelosi (former Speaker of the House) once said, “We have to pass the bill so you can find out what is in it.” Well, now we are starting to find out some of the less glamorous components of the law. Here are a few of the unreported facts that you may not know….
1. The PPACA is over 3 times as long as the King James Version of the Bible and drastically expands government. When Medicare was first passed in 1965, it was 25 times shorter than PPACA, and yet it still led to 132,000 pages of regulations. Imagine how many regulations will be made from the 159 new agencies, boards, commissions, and offices created by PPACA. I find it extremely hard to believe that this drastic expansion of regulations, forms, requirements, and “red tape” for doctors, patients, and employers will truly make it easier for poor people to get healthcare.
2. The PPACA increases the deficit AND taxes
Recent reports by the ranking member of the Senate Budget Committee, Senator Jeff Sessions (R-AL) indicate that ObamaCare will add $17 trillion to unfunded liabilities – much more than the $2.6 trillion that was first expected by the CBO. The $503 billion in new taxes (Joint Committee on Taxation) will not even come close to providing funding for this.
3. Polls have consistently shown that America is opposed to this legislation.
The New York Times reported that 47% of Americans oppose the law, while only 36% support it. In light of the Supreme Court forming a judicial review decision at the moment, it should also be noted that a poll by the AP-National Constitution Center found that 82% of people did not think the government should force them to buy health care or fine them for not having it. A Thomson Reuters study of physicians revealed that 78% of doctors believe the effects of PPACA will be negative for doctors, and 65% believe the quality of American health care will deteriorate over the next five years.