President Obama last week all but admitted that the Affordable Care Act is as flawed as the Samsung Galaxy 7 — and asked the GOP to take ownership before ObamaCare’s battery explodes.
From New York Post
If Republicans in Congress help fix the law, he oh-so-generously offered to let them rename it: “They can even change the name of the law to ReaganCare,” Obama said to laughs from a Florida crowd. “Or they can call it PaulRyanCare.”
Thing is, it was Republicans and other critics who dubbed it “ObamaCare” in the first place — because they wanted his name forever tied to the wildly misdesigned program, which they knew was doomed to fail.
The president is proud of adding 20 million Americans to the insurance rolls — yet that comes almost exclusively from expanding Medicaid, at a cost of tens of billions a year.
Meanwhile, the reform’s centerpiece, the remaking of the private insurance marketplace, is a disaster: The “Affordable” Care Act outlawed policies that covered millions of Americans, and signups on the ObamaCare exchanges barely exceed that.
And now the exchanges are in the much-feared “death spiral” of soaring costs and falling enrollment. Insurers across the nation are pulling out after losing billions on exchange policies.
Obama’s only idea for a fix is to spend even more taxpayer cash on subsidies. The GOP will never give him that, so he’s pretending to be open to new Republican ideas for solutions — hence the “ReaganCare” line.
Read Full Story At New York Post