Practically nothing about Obamacare is turning out to be what President Obama said it would be. The Medicaid expansion is proving unattractive for a number of governors. Some of these (and others who are buying into the Medicaid expansion) won’t set up the exchanges. The medical device tax is now recognized as anti-technology and anti-jobs. The new taxes and mammoth regulations may be responsible for the lag in full-time job growth and the uptick in part-time work. Its contraception mandate (even after revision) is facing multiple legal challenges from religious institutions and individual employers claiming that it infringes on their religious liberty.
It isn’t bending the cost-curve downward. Reuters reports:
A new study released on Tuesday by the nonpartisan Society of Actuaries estimates that individual premiums will rise 32 percent on average nationwide within three years, partly as a result of higher risk pools. Changes would vary by state, from an 80 percent hike in Wisconsin to a 14 percent reduction in New York. . . .
via Obamacare fallout.