Senate Democrats know that Obamacare will cause a lot of bureaucratic mess and economic disruption. Several politicians up for re-election don’t want their name anywhere near the healthcare program.
This week, Senate Finance Committee chairman Max Baucus of Montana, Sens. Ron Wyden (OR), Bill Nelson (FL) and Maria Cantwell (WA) “tore into” a consumer protection and insurance oversight official. One of the topics of discussion: does Obamacare artificially raise insurance rates to force people onto government exchanges?
In their haste to pass it, politicians are ‘finding out’ that Obamacare will raise insurance rates, force people to change providers, cause employers to cut people’s hours down to part-time, expand the federal workforce to unprecedented levels, cause bureaucratic inefficiencies, and not achieve its goals of expanding overall coverage anytime soon.
The Congressional Budget Office (CBO), for example, says Obamacare will push 7 million people out of their job-based insurance coverage – nearly twice the previous estimate. That’s a big freakin’ deal — and Democrats don’t want to come anywhere near this monstrosity they’ve created, at least around election-time.
Walter Russell Mead, a name people should be familiar with, explains how Democrats own Obamacare whether they like it or not. (Not a single Republican voted for it.) The Wall Street Journal:
“Democrats are getting nervous and consequently are trying to put some distance between themselves and the ACA,” Mead observes, using the abbreviated formal styling of ObamaCare as the Affordable Care Act. “We don’t blame them for trying, but it may be a futile effort. For better or worse, their fates are now tied to that of Obamacare.”
Indeed there isn’t much point in blaming them for trying. But they deserve the blame for imposing this monstrosity on the country. To quote [Democrat Senator] Bill Nelson: “I want somebody to be accountable for this, and if it was a mistake, for somebody to own up to it.”
If it was a mistake, the Republicans have offered up numerous repeal bills, which have been laughed off by several media outlets as pointless grandstanding.
But it’s really quite serious. Obamacare is already three times original cost estimates at $2.7 trillion for the decade. And the U.S. is already one of the brokest nations on the planet, despite being a lynchpin of the global economy and the lender of last resort.
It is important to point out that one of the justifications for Obamacare is that “everyone else is doing it” or that modern Europeans have it. But in most cases, this is idly romanticizing tiny export-led states or ones with dysfunctional economies and bankrupt governments.
Below is a map of how much debt each person owns by country (now over $53,378 for the U.S. — far more than that of Italy, Greece and France). Red would be “bad”; and most of these red countries have nationalized healthcare systems, except this map was taken before the U.S. passed Obamacare. It will truly be a budget buster.