Repeal of section 1031 like-kind exchanges would hurt small businesses, investment & economic growth https://t.co/UsuNj6VkhC
Affordable Care Act Kills Health Care That Was Affordable in NJ
Now made famous as the Lie of the Year in 2013, President Obama's promise claimed that “if you’ve got health insurance, you like your doctor, you like your plan—you can keep your doctor, you can keep your plan. Nobody is talking about taking that away from you.”
Families are feeling the impact of this falsehood around the country - joining the millions who have already lost their insurance plans under the President’s healthcare law, 1,800 families in New Jersey recently received letters saying that their children’s health insurance, FamilyCare Advantage, would be cancelled due to Obamacare mandates. The plan offered by Horizon Blue Cross Blue Shield of New Jersey was intended for families whose incomes were to high to qualify for Medicaid but were not high enough to make purchasing on the private market an affordable option. But because the plan did not offer mental health services, among other things, the so-called Affordable Care Act killed the program that had done just that: provide affordable care.
Furthermore, President Obama is proclaiming the Affordable Care as a massive success due to the 7.1 million enrollees in his healthcare law, prompting the President to proudly boast that “under this law the share of Americans with insurance is up, and the growth of health care costs is down. And that’s good for our middle class, and that’s good for our fiscal future.”
The 7.1 million number the President is referring to is incredibly misleading. It is unknown how many people have actually paid or will pay for their plans, how many were previously uninsured, and the number of families and individuals who actually lost health insurance due to Obamcare is undisclosed in the 7.1 million figure.
Making matters worse, the Affordable Care Act has been anything but ‘affordable.’ Americans for Tax Reform has noted the billions of dollars the Federal Government has already shelled out for Obamacare, and the Congressional Budget Office predicts a $1.5 trillion price tag over the next decade.
When Obama said that the Affordable Care Act is “good for [the] middle class, and that’s good for our fiscal future,” he should have followed that up with, “just kidding.” Not only will Obamacare continue to add to the nation’s growing deficit, but it negatively affects the middle class, the same group the President is claiming to help.