Repealing Obamacare Would Mean Higher Costs
Posted at 10:21 a.m. on Feb. 3, 2014
USA Today reports that many health care experts believe Obamacare, with all its flaws, is “here to stay” and repealing the law would simply lead to higher costs.
“The consequences of repeal, health care officials and industry analysts say, go beyond the fact that 9 million people would suddenly lose their insurance or that anyone with a pre-existing condition would either lose insurance or pay much higher premiums.”
“All consumers would take a huge financial hit, because health care costs would continue to rise, and insurers would probably recoup their losses by charging higher premiums.”
“The insurers have invested a lot in the law, and if they lose money through repeal, it could cause everyone else’s premiums to go up, Alan Cohen, chief strategy officer for Liazon, said.”
“Taking away the coverage of millions of people through repeal would be a … political disaster for Republicans, said Ben Sommers, of the Harvard School of Public Health.”
Kaiser Health News: “Some influential conservatives [and groups, including the U.S. Chamber of Commerce,] are now saying the health care law is too entrenched to repeal.”