Double Header of Bad News for Obamacare
Since last evening, Democrats have been hit with a double header of bad Obamacare news. First, the House Energy and Commerce Department received data from every insurer on the federal marketplace saying that, as of April 15, only 67 percent of individuals and families that selected a plan had paid their first month’s premium. Insurers informed the committee that, by the same date, only 2.45 million had paid their first month’s premium for coverage obtained through the FFM. The purpose of Obamacare, if the President remembers, was to insure, not merely to sign up, but the President has claimed victory with a number that includes millions who remain uninsured.
Then, the New York Times reported this morning that employer-provided health plans may well be near extinct by 2020 because of Obamacare, according to a projection by S&P Capital IQ. The research firm reports that 90 percent of workers who now receive coverage through their employers will be shifted to the government exchanges in the next six years. Ezekiel Emanuel, an architect of Obamacare, has long predicted this, though the President has recently told the American people, “I don’t think an employer-based system will be or should be replaced any time soon.” Perhaps a mere six years to upend the entire employer-based health-insurance system isn’t considered “soon” by the President.
Continued bad new surrounding the President’s signature health care law is not coincidence. It is not fate. It’s bad policy. At every turn, Republicans in the House have tried to stop these unforced errors and save the American people from further hardship under this administration.