President Obama made many promises when he promoted ObamaCare. Most of those promises have been broken. Add two more to the list.
In my 2014 book The ObamaCare Train Wreck, I chronicled the many broken promises of President Obama. They included:
- Universal Coverage
- No New Taxes on the Middle Class
- Annual Premium Savings of $2500 per family
- No Increase in the Federal Deficit
- “If you like your plan, you can keep your plan.”
- “If you like your doctor, you can keep your doctor.”
- Bending the Cost Curve
- No Impact on Medicare
“We know what works,” then-President Barack Obama said at the Global Center for Health Innovation in 2015. “We know what we have to do. We’ve just got to put aside the stale and outmoded debates. Reject failed policies. Embrace the policies that we know work. Embrace the promise of the future.”
The Washington Examiner now reports that two new studies show healthcare is more complicated than Obama claimed. The first study, from The Journal of the American Medical Association (JAMA) concerns electronic health records (EHRs).The 2009 stimulus bill supported them and then ObamaCare made them mandatory for Medicare providers.
A RAND Corporation study in 2009 estimated electronic records would save $81 Billion a year and also improve patient care. The JAMA study, however, shows that reality has been quite different. Administrative costs have increased at the same pace as was forecast if EHRs were not used. Instead of decreasing workload, as was expected, this government mandate has increased work for doctor’s offices and hospitals and contributed to physician burnout.
The second study addressed the issue of medical expenses and their impact on bankruptcies. Senator Elizabeth Warren, during her academic days at Harvard, promoted research that suggested half of all bankruptcies are caused by medical expenses. This became a regular Democratic talking point in the days before passage of ObamaCare. President Obama liked to reframe the argument by saying, “Healthcare causes a bankruptcy in America every thirty seconds.” Not to be outdone, Senate Majority Leader Harry Reid (D – NV) said, “Realistically, it is about 70 percent of the people who file for bankruptcy, file for healthcare costs.”
But now The New England Journal of Medicine says the real number is only about 4 percent. Among those lacking insurance it is a mere 6 percent. This journal is among the most respected medical journals in the world.
The Washington Examiner says, “It’s worth noting that bankruptcies have dwindled significantly from their recessionary highs, and Obamacare fans try to attribute this to the law’s benign effects. Sadly for their argument, most of the drop since 2010 occurred before Obamacare took effect in 2014. The numbers of bankruptcies for 2015, 2016, and 2017, around 750,000 annually, are on par with the numbers from 2006 and 2007, the two years between federal bankruptcy reform and the recession.”
March 23, 2018 marked the eighth anniversary of the passage of ObamaCare. This train wreck just keeps getting worse the more you look at it.