ObamaCare Unraveling

And the Supreme Court case hasn’t even started. No, this unraveling is happening all on its own. From the AP:

At stake is the CLASS Act, a major new program intended to provide affordable long-term care insurance. Last Friday, Health and Human Services Secretary Kathleen Sebelius said the administration would not proceed with the plan because she has been unable to find a way to make the program financially solvent.

Even before ObamaCare goes into full effect, it’s clear that it was not the money-saving bill it was sold as.

Officials said they discovered they could not make CLASS both affordable and financially solvent while keeping it a voluntary program open to virtually all workers, as the law required. The law mandated that the administration certify CLASS would remain financially solvent for 75 years before putting it into place.

The only way to pay for socialized health care is to mandate it, juwst lke the (in my opinion) unconstitutional individual mandate it. The road to tyranny is paved with good intentions.

Megan McArdle lets us know that this is not, or shouldn’t be, a surprise, and wonders what other "good intentions" are still buried in the bill.

It is of course, great news that the administration has not actually gone forward and implemented an unsustainable program that would have had disastrous effects on the federal budget.  But it’s not great news that HHS has found that the program was just as disastrous as conservatives said it was . . . yet a Democratic Congress, deep in the passion of their historic moment, passed the damn thing anyway.  It’s in fact deeply troubling.  The problems with CLASS were known from day one, but no one listened, because it gave them good numbers to sell their program politically.

Now it turns out that ObamaCare reduces the deficit over ten years by about $70 billion instead of $140 billion.  Only . . . what about all the other stuff that had problems, like the reimbursement cuts that both Medicare’s chief actuary and the head of the CBO warned might very likely prove too deep to sustain medically or politically?  Can we assume that Democrats exercised the same thought and foresight about the other parts of ObamaCare that they did with the CLASS Act?  How come all of those liberal health care wonks that Kevin [Drum] cites were unable to identify the problems with this program before it passed?

This is going to be very, very messy. It needs to be repealed, the sooner the better.

Filed under: Democrats • Government • Medicine • Politics

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