Mark Caserta: Obamacare's impact could be far-reaching
Our nation's health care system is in total chaos right now.
Obamacare, the intended "signature" achievement for President Obama's first term in office, is wreaking havoc in American's homes and businesses across the nation.
Reportedly, more than 4.2 million Americans have now seen their health insurance policies canceled due to the debilitating impact of the Affordable Care Act (ACA). And experts say it will get worse.
While appearing on "The Kelly File," with Fox News' Megyn Kelly, Robert Laszewski, president of Health Policy and Strategy Associates, acknowledged the numbers and heightened the urgency of the matter.
"Your 4.2 million number is an interesting one. That's what the count is up to. It's going to get much higher than that. We're going to have these cancellations going into 2014." said Laszewski, predicting that ultimately 80 percent of people in the individual market will lose their policy due to stringent Obamacare regulations.
It should be disconcerting to all Americans that the president of the United States sold this legislation on a series of apparent lies.
The president promised Americans that Obamacare was a way to achieve universal healthcare coverage for all Americans. But the Congressional Budget Office (CBO) scored the legislation as leaving 30 million people uninsured 10 years after full implementation.
He also promised that current policies would be "grandfathered" in under Obamacare and if you liked your healthcare plan, you could keep it. Yet, reports are now surfacing that the president knew all along that some people would lose their policies but wanted to keep the message "simple" so Americans could understand it.
But wait. We're only witnessing the impact on people who purchase their own healthcare coverage. The employer mandate has yet to be enforced.
The CBO estimates that as many as 20 million people will lose their employer-provided health insurance under Obamacare. Former CBO Director Douglas-Holtz-Eakin, in a study for the American Action Forum, estimated the number will be 40 million driven by the additional costs to employers.
President Obama also promised Americans that Obamacare would reduce the cost of health insurance by $2,500 per family on average. But Americans around the country are complaining about "sticker shock" as they now face higher insurance premiums under the president's plan.
Understand, the founding principle of Obamacare is to use some Americans to subsidize healthcare coverage for others. The president and his Marxist-minded minions were counting on millions of healthy, younger workers to purchase high-end, unnecessary coverage to finance healthcare for older workers and retirees. But the books aren't balancing.
Unfortunately, I believe this is just the beginning of what could be an undermining of nearly 20 percent of our nation's economy with the potential of a much broader adverse impact initiated by a "domino effect" of systems failures.
And consequences range far beyond the potential economic impact.
This administration has dangerously compromised its integrity with Americans.
People who once believed the promises of "hope and change" are now finding their lives emotionally disrupted by an emboldened president determined to have his way.
Mark Caserta is a Cabell County resident and a regular contributor to The Herald-Dispatch editorial page.
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