WRITTEN BY CHRISS W. STREET
Last week, the President toured California to trumpet his Patient Protection and Affordable Care Act (Obamacare) as reform that delivered on broadening the health insurance market, giving more options to individual consumers, and lowering the cost of insurance. My healthcare provider, Aetna, whose Open Access Plan is top-rated by U.S. News & World Report and the price leader for providing individual healthcare coverage in California, promptly announced that they will stop selling any new individual policies after the end of this year. Obamacare is completely “reforming” the California health insurance market, but the result will be less competition and much higher costs.
Advocates of Obamacare claim that between 2011 and 2012 the number of Americans without health insurance fell by 1.9 million, 86 million Americans received preventative care without co-pays, quarter-million small business claimed a tax deduction for providing employee health insurance, 2.5 million seniors saved $3 billion due to Medicare expanded prescription drug coverage and that the
average health-care costs fell in May for the first time in almost four decades. Continue reading