Politics / Press Releases

The Repeal of Obamacare Failed, but the Economics of the Law May Cause it to Self-Destruct, says AMAC

Repeal ObamacareWASHINGTON, DC, Jan 15 – Three years ago in April we predicted that Obamacare would crumble under its own weight and the events of recent months indicate that it will, unless the next president opts to repeal it, according to Dan Weber, president of the Association of Mature American Citizens.

“The big for-profit insurance companies are ready to opt out of the so-called Affordable Care Act and if they pull out of the scheme the smaller, remaining insurers might follow suit to avoid the increased risk.  In addition, the ACA’s healthcare co-ops, the critical alternative providers of Obamacare coverage, are in trouble with half of them under water, including the biggest of them all, New York State’s Health Republic co-op.  It went belly up in the fall at a cost to taxpayers of $355 million.”

Meanwhile, Weber noted, healthcare premium hikes are sky high and deductibles are way beyond affordable levels, even for households with good earnings.  He referenced a recent report by the Robert Wood Johnson Foundation and the Urban Institute that even those with incomes as much as five times the federal poverty level are paying up to 21% of their earnings for Obamacare coverage.

“And then there is the issue of what is described in the ACA as ‘risk corridors.’  It is a provision whereby insurers get bailout money if they incur losses as a result of Obamacare.  The president wants to make up for some $2.5 billion in losses claimed by insurers in 2014.  It’s anybody’s guess how many more billions will be claimed for 2015 losses.  Congress said ‘no,’ but the president insists that it is an ‘obligation’ and that it must be paid.  It’s unclear who will win the argument in the end, Congress or the president.  But one thing is for sure, American taxpayers, as always, are the ones who are really at risk,” the AMAC chief said.

Earlier this month Congress finally sent President Obama legislation that would have repealed the ACA.  The president vetoed the bill.

“It appears that any further attempts to set the clock back to pre-Obamacare days will be futile, unless Republicans hold their Congressional majority and a Republican is elected to succeed President Obama in the fall.  In the meantime, it appears that the economics of the healthcare law may cause it to self-destruct, as predicted,” Weber concluded.

ABOUT AMAC

The Association of Mature American Citizens [http://www.amac.us] is a vibrant, vital senior advocacy organization that takes its marching orders from its members.  We act and speak on their behalf, protecting their interests and offering a practical insight on how to best solve the problems they face today.  Live long and make a difference by joining us today at http://amac.us/join-amac.

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Elena Tellez

From Sunday night’s debate (January 17): Hillary plans to expand and enhance Obamacare if she is elected president in 2016 (which will no doubt be funded in large part by hard working middle class taxpayers) — and it finally comes out — here you have it in black and white, Mr. & Ms. America!!! Independent socialist, Bernie Sanders, who wants universal healthcare FOR ALL as a RIGHT (socialized medicine) — will pay for by INCREASED PAYROLL TAXES, A HEALTHCARE PREMIUM AND A TOP MARGINAL INCOME TAX RATE OF MORE THAN 50 PERCENT (according to Associated Press articles). This is mandatory mediocre healthcare — shades of the failure of European government and healthcare systems… High taxes are a big DIS-incentive to work hard… with nothing said about the permanent ‘underclass’ of Americans on welfare who refuse to work, and the illegal aliens, to whom we are giving away the country.Those louts… Read more »

Gail Grissom

I dont want Obamacare – I want the the care that Obama and Congress have! I am 100% sure that both Obama and Congress have the best Doctors, hospitals and surgeons that money can buy. if Obama care is good enough for us peons, it should be good enough for every one in the White House, the House of Representatives and the Senate!!

Jerry

Imagine a law that Prohibits Insurance companies and their lawyers from sponsoring citizens. You just pay for the doctor visit and the medicine / medical services provided. No Lawyers means no need for doctors to keep a lot of Malpractice insurance (unless they want to on their own), so less costly doctor visits. A Government run plan like (Health Savings plan, that you put money in -and unused amounts roll over year after year), You use the money as you see fit for medicine or procedures. A government law would have to be passed to regulate drug treatment or medical procedures to cost less than a maximum of $3,000.00 within a 6 month period. Obviously Cancer treatments, Heart, brain, or rare disease treatments would have to be under a low interest loan program. Seniors would stay as they are on Medicare, but even these cost would go down drastically without… Read more »

Dragon

Wouldn’t be surprised if they are going to be vowing for votes! Can’t imagine why dumbest people love Obama? Democrats Dumb people are smart not like the Republicans are more dumbest due to no votes show up. Shame to them!

Dragon

Hopefully let’s vote for “Republican President” so then repeal Obamacare and come up with a better plan hope to God!!!!!!!!!!!!!!! This will help many suffering American Families too!!!!!!!!!!#!#!

Geraldine Dellenback

My family had an insurance policy since 1978 when we owned a farm. Our insurance was canceled Dec. 31, 2015 simply saying we were ineligible! We have not had a farm for 25 years but they were happy to take all our money! Currently there are no 5 star plans in Wyoming. I have NO drug prescription plan available to me and it will be out of pocket for 2016. Our previous plan included Simply Prescriptions $30 per prescription!

Insurance does NOT guarantee good healthcare! Medicaid doesn’t work in a rural community with one or two doctors taking patients! Obamacare stinks!

Linda nichols

get rid of it it’s not helping any one only hurting us,we can’t afford it anyway!

Diana Panitz

We applied for the catastrophic plan because the insurance premiums were more than 8% of our income. An insurance plan at 8% of our income does not exist. At least the plan I found brought the premiums down from around 14% to 12% of our income. Of course don’t need or want anything but preventative. I tried to get approval for surgery in December. The approval remained “pending” until the insurance cancelled 12/31/2015. As far as I am concerned insurance premiums are a black hole. I would like to see less third party payers (insurance) and more direct competition for my health care dollars. I believe if the consumer can “shop” for his health care needs and health care providers can direct bill for most care. Then “approval” is between me, the health care provider, and my back account, not some insurance company who wants to keep my money but… Read more »

KaliforniaKook

The small company I work for was forced onto Covered California this year. My premiums went up 30%, and my deductible doubled to $6000. California brags that their premiums only went up (on average) 2%, but I suspect that was on the backs of those small companies (under 50 employees) that were forced off their existing plans. The company had no choice but to join ACA. I know because I am part of the insurance selection team.
Covered California sent me a congrats message, and noted that I’m now covered for breast reconstruction in the event I need it. I’m male. Big whoop.
This is one of the most important factors in helping me decide who i vote for in November. If you aren’t against ACA, then you don’t have my vote.

Nancy Benton

We just had an increase from $1170 a month to $1404 with a $5000 deductible and $50/$150 co pay but very few doctors are accepting this insurance! Plus they issued us an insurance card with United Healthcare on it and it’s NOT United Healthcare in tiny print on the bottom of the card is Navigate. I think this should be fraud! We have been stuck with massive medical bills because of this! I could go on and on with this pure out fraud!

PaulE

So Mr. Weber finally realizes what many of us have known since even before Obamacare was passed into law on a purely Democrat-only vote: That the economics of the law simply cannot work as it was sold to the public. Very good. However, Mr. Weber apparently still doesn’t understand that the Democrats NEVER expected Obamacare to “work” (actually do what they said it would do in the manner they laid out to the general public). It is a bridge law to what they ultimately want to achieve. The Democrats have always wanted to impose single-payer (nationalized healthcare) on the nation, but they knew they could not sell that idea to the public as long as the existing privately run health care system, which WAS the best in the world, met the needs and was affordable to 85 to 90 percent of the general public. So they had to break that… Read more »