A Crippling & Costly Law that Now Even Democrats Criticize

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A Crippling & Costly Law that Now Even Democrats Criticize

The following press release was published by the United States Committee on Finance Ranking Member’s News on Oct. 20, 2016. It is reproduced in full below.

Open enrollment is right around the corner, but Americans aren’t in a hurry to sign up for unaffordable Obamacare plans. That’s precisely why, according to analysts, Obamacare enrollment numbers will see a “significant slowdown".

“Enrollment in the Obamacare insurance marketplace is likely to stall or even decline for 2017 as higher premiums drive away people who aren’t eligible for government subsidies, according to S&P Global Ratings forecasts." (Bloomberg: Obamacare Enrollment to See ‘Significant Slowdown’ Next Year, Oct. 13, 2016)

And as middle class American families face more of Obamacare’s costly burdens this enrollment season, some of its biggest allies are finally waking up and taking note.

“As health-insurance premiums rise and problems with the law become more acute, Democrats have become increasingly comfortable criticizing President Obama’s landmark health care law." (Time: Democrats Grow More Vocal About Obamacare’s Shortcomings, October 7, 2016)

It’s about time.

Coupled with vanishing options for affordable care for the middle class, including the absence of their current plans for this season’s open enrollment, nearly one million Americans will have to find new coverage for next year.

“A growing number of people in Obamacare are finding out their health insurance plans will disappear from the program next year, forcing them to find new coverage even as options shrink and prices rise." (Bloomberg: More Than 1 Million to Lose Obamacare Plans as Insurers Quit, Oct. 14, 2016)

Higher costs and less choice: Obamacare’s past, present and future.

“Obamacare was supposed to reduce health expenses for Americans, but that’s not how it’s working out." (MarketWatch: Health-care costs eat up record 8% of household budgets in wake of Obamacare, Oct. 31, 2016)

Source: Ranking Member’s News

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