I was disappointed, to say the least, after hearing that the Supreme Court had revised The Patient Protection and Affordable Care Act (ObamaCare). You can read the Supreme Court's decision here.
From the onset of the opinion it was apparent that the fix was in.
In the first paragraph, the supposed reasoning for setting up The Patient Protection and (Un)Affordable Care Act was tortured and misleading.
In the 1990s, several States sought to expand access to coverage by imposing a pair of insurance market regulations—a “guaranteed issue” requirement, which bars insurers from denying coverage to any person because of his health, and a “community rating” requirement, which bars insurers from charging a person higher premiums for the same reason. The reforms achieved the goal of expanding access to coverage, but they also encouraged people to wait until they got sick to buy insurance. The result was an economic “death spiral”: premiums rose, the number of people buying insurance declined, and insurers left the market entirely.
Of course you know that, if you are paying any attention at all, while ObamaCare has theoretically expanded access to insurance to more people by offering reduced rates via subsidies (transfer of wealth) to those who couldn't afford it in the past, there are actually less people who can afford health care because of the outrageously high premiums and deductibles.
I had to laugh when I read the second paragraph which stated in part:
Second, the Act generally requires individuals to maintain health insurance coverage or make a payment to the IRS, unless the cost of buying insurance would exceed eight percent of that individual’s income.
Remember the tax that wasn't a tax that was a tax? Robert's is now calling the tax a payment to the IRS. John Roberts belongs on Saturday Night Live because he is hilarious.
Posted by Rick | June 25, 2015 01:36 PM