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Economy not ready for Obamacare

My Opinion
Ross Schulz, Staff Writer

The talk hasn’t slowed down much about last month’s supreme court decision to rule the Patient Protection and Affordable Health Care Act (Obamacare) as constitutional, but the real story surrounding the law won’t be determined for some time.
After the supreme court ruling, one side of the political spectrum deemed it the end of the world as we know it, while the other side acted as though it was the greatest day in the history of humankind.
The heart of the issue isn’t whether Obamacare (or parts of it) is constitutional or unconstitutional or whether the mandate portion of the law is a tax or not. The real question is this: What does it mean for an already struggling economy, to put it mildly, and how is it going to help anyone?
The projected economic consequences were negative when the legislation passed in 2009, and there’s nothing to suggest that has changed. According to the Congressional Budget Office, Obamacare will cost an additional $1.5 trillion through 2021, which is equivalent to an additional annual cost of $1,261 per U.S. household.
That’s not a recipe for success in such an already struggling, stagnant economy.
How can the goal of the program ‘ to make health care more affordable for patients ‘ be attained if the end result of it is a negative impact economically?
A negative impact on the national economy is felt by everyone, from the top of the financial spectrum on down.
As one reader of a northern California newspaper commenting on an Obamacare article put it, the single-payer plan means the doctor is paid to please the payer of the bills, not the suffering patient. The person goes on to describe it like veterinarian care, equating a person to a cat or dog, saying that when the vet explains that it will cost $10,000 to make Jingles all better, the vet looks at the pet owner (or, in the case of Obamacare, to the government) for a decision whether to go forward. Jingles doesn’t have a say in what happens.
It’s a scary scenario, and, hopefully, that’s not the way it will play out. But that’s another problem with the legislation, no one was able to even read through the monstrosity of paperwork of the bill to know exactly what is in it, and companies preparing for it aren’t sure what’s coming for them. Uncertainty is the worst thing for business growth.
Hopefully, the plan will help lower costs for everyone while not impacting our national debt or the quality of health care in the United States.
However, common sense says the exact opposite will be the result.

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