Tuesday, July 26, 2011

A(nother) Bad Month for Obamacare | Michael F. Cannon | Cato Institute: Commentary

A(nother) Bad Month for Obamacare | Michael F. Cannon | Cato Institute: Commentary: "a survey by McKinsey & Co. found that up to 30 percent of firms may respond to Obamacare's incentives to drop health benefits by — get this — dropping health benefits."

"children on Medicaid were refused appointments by 66 percent of specialists and had to wait 22 days longer for an appointment than kids with private insurance. The main culprit is Medicaid's price controls, which one survey reports 24 states plan to ratchet down even further.

Obamacare expands coverage mostly by cramming another 25 million Americans into that program."

"Acting Solicitor General Neal Katyal literally tried to sell an appeals court on the idea that the individual mandate isn't all that oppressive because Americans can choose poverty as an alternative to complying.

Before another appeals court, Katyal implicitly admitted that, if the mandate were deemed constitutional, Congress could force Americans to buy non-health care products too, like long-term care insurance."

"Medicare's chief actuary announced that under reasonable assumptions — as opposed to those contained in Obamacare — the law increases Medicare's unfunded liabilities by trillions of dollars."

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