Are people really surprised that benchmark health plans under the Affordable Care Act exchanges will increase by an average of 25 percent next year? If so, they probably also didn’t get the joke when Captain Renault in Casablanca said he was “shocked, shocked” that gambling was occurring at Rick’s Café … just before he was handed a fistful of his winnings.
From the get-go, economists like those at Dallas’ National Center for Policy Analysis, warned that, despite assurances by the Obama Administration to the contrary, Obamacare was bound to increase healthcare costs, not curb them. Shortly after the law was passed in 2009 and 2010 — without a single Republican vote — the NCPA’s then-CEO, John Goodman, predicted that ACA costs would explode. Three years later, the think tank’s Peter Ferrara confirmed Goodman’s analysis, citing the obvious result of new taxes, less supply, and more demand.Read More