Recorded on March 23, 2011
It's time for common sense; I'm Ernest Istook.
It's been a year since Obamacare became law. The worst parts like the individual mandate don't kick in for another three years. But what's happened so far?
Insurance premiums keep going up, because the law requires each policy to cover more. It's the opposite of President Obama's claim that the typical family would save $2,500 a year. Mandatory coverage of pre-existing conditions has caused many insurers to quit offering policies at all. Right now that mandate only affects children, but it spreads year by year, and will keep drying up the availability of insurance.
And over 1,000 businesses and unions have been granted waivers so they won't drop insurance for their workers, again because the law requires either Cadillac coverage—or none at all.
We need private sector solutions in health care—but Obamacare is only making things worse.
For common sense, from The Heritage Foundation, I'm Ernest Istook.