The Supreme Court may potentially eliminate Obamacare this summer, despite evidence mounting in its favor.
King v Burwell just reached the Supreme Court, arguing that the subsidies for individuals buying health insurance on the federally organized online exchanges are illegal. Obamacare will be no more if they succeed.
Obamacare, or the Affordable Care Act of 2010, was designed to deal with health care issues in our nation. The health care system in our nation is the costliest in the world meanwhile millions of Americans do not have coverage. Fixing the health care system in our nation may take years – even decades, but evidence shows that Obamacare may actually be working effectively despite Republican opposition.
According to The Economist, the proportion of Americans who lack cover has fallen from 16.2% to 12.3% since 2009. In addition, the amount that America spends on health care grew by just 3.9% a year in nominal terms between 2009 and 2011—having grown by 7.3% a year in 2000-08. The Economist credits the economic downturn for some of the fall, but argues that Obamacare did play a major role as well due to the new provisions created by the law including penalties on hospitals where patients are frequently readmitted, to promote high-quality care and productivity.
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The program has enjoyed lower costs, increased enrollments, expanded coverage and increased competition in recent developments. Despite the millions of Americans who now have coverage, some politicians are still unhappy.
“We restore [a patient-doctor relationship in the health system] by repealing — if possible at some point, I think that’s post presidency of Barack Obama — the Affordable Care Act, Obamacare,” said Former Florida Gov. Jeb Bush (R) said Friday at a fundraiser for Iowa Rep. David Young. “And replacing it with a model that is consumer directed, where consumers, where patients, have more choices, where they have more of a direct relationship; where the subsidies, if there were to be subsidies, are state administered; and if there are to be exchanges, they aren’t coercive exchanges; where there’s no employer mandate, employee mandate or requirements of services provided that are extraordinary; where people have more customized types of insurance based on their needs; and it’s more consumer-directed so that they’re more engaged in the decision-making, and they have more choices than what they have today.”
Bush also referred to the ACA as a “monstrosity” and said that the law is the greatest job suppressor in the “so-called recovery.” Interestingly enough, 2014 was the best year in the US for job creation since the 1990s and it was also the first full year of Obamacare.
As of right now, this alleged “monstrosity” has mostly helped steer our health care crisis onto the right path. It would dissapoint many if Obamacare were to be fully scrapped.