June 27, 2015

Repealing Obamacare Would Put $1400/Year Back Into Every Home

In a effort to scare Americans, a recent study came out that stated that repealing Obamacare would cost hundreds of billions of dollars to implement.  Is that really true? Or, is it just the Obama Administration’s propaganda designed to protect the massive failed program that bears his name?
A more honest look at the numbers reveals a different outcome completely.  The Daily Signal reveals the truth:
The new dynamic scoring rule was recently tested in response to a request from Senate Budget Committee Chairman Mike Enzi, R-Wyo., to estimate how the repeal of the Affordable Care Act, or Obamacare, would affect the deficit and the economy.

For the first time, the CBO and JCT found that repealing Obamacare would increase the gross domestic product by 0.7 percent and that effect alone would reduce projected deficits by $216 billion over the 2016 to 2025 period.
This may sound trivial, but a 0.7 percent increase in GDP is equivalent to an additional $1,400 in the pocket of each household per year. CBO also found that repealing Obamacare would increase capital stocks and the number of people working over the next 10 years.
So, this report projects what many people already know – getting rid of Obamacare will significantly improve the U.S. economy.
By allowing market forces to control healthcare costs and services, the end result will be a better, cheaper product.  Government control of healthcare is an absolute disaster economically.
The Daily Signal provides more analysis:
CBO and JCT also found that that repealing Obamacare would reduce the deficit over the next five years but would then steadily increase the unified budget deficits. However, that assumes Congress will allow both the 40 percent excise tax on high cost health care plans and an automatic reduction in Obamacare subsidies to kick in by 2018, both which seem increasingly unlikely to actually happen.

It also assumes that $802 billion in Medicare cuts will also be realized even though the program’s chief actuary has warned that should these take place many seniors will lose access to providers or their current coverage through the popular Medicare Advantage.
Once again, if Obamacare is gone, then the economy can stabilize and right itself.  Turning back this socialist monster is one of the necessary keys to the survival of American society.
That was the message sent loud and clear by the voters in 2014.  The rubber may soon meet the road on Obamacare depending what the Supreme Court has to say on the matter.  If many of the promised subsidies are ruled illegal, then Congress must not go weak-kneed and bail them out.
It will be the best chance we will have to take back our healthcare from the bureaucrats and return it to doctors and patients.

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