◼ Not even the most ardent defenders of Obamacare -- aka the Patient Protection and Affordable Care Act -- claim anymore that the law will lower health coverage costs for Americans. How, then, will it achieve universal coverage, its central goal? - Shikha Dalmia/Washington Examiner
The short answer is, it won't....
People will ...have the option of waiting to buy insurance until they get sick. Thanks to Obamacare's "guaranteed issue" provision, insurance companies can't turn anyone away, even those calling from the intensive care unit. This will only deepen the problem of the "adverse selection death spiral" as healthy people stay out of the insurance market while sick people jump in. This, in turn, will trigger even more premium hikes.
The Iraq War cost $1 trillion and produced a quagmire abroad. Obamacare will cost $1 trillion and will create a quagmire at home. Americans need an exit strategy.
