Repealing and Replacing the Affordable Care Act: State Options for True Reform
The Affordable Care Act: A Failed Experiment in Government-Driven Reform
The Affordable Care Act (ACA) remains one of the most troubled laws in recent history, both in terms of the federal government’s bumbled attempts at implementing the Act, and the detrimental effects it has wrought on states, private sector businesses, and individuals. While President Ronald Reagan was famous for saying the most terrifying words in the English language are, “I’m from the government, and I’m here to help,” President Barack Obama’s signature legislative achievement rests on the inverse of that premise. Indeed, this President does not appear to have encountered a problem that he believes the government cannot solve, healthcare being a primary example. While forcing the ACA through Congress, President Obama assured the nation that these government mandates would “fix” our healthcare system saying, “If you like the plan you have, you can keep it. If you like the doctor you have, you can keep the doctor, too. The only changes you’ll see are falling costs as our reforms take hold.”
Yet, despite its promises to increase consumer choice, improve the healthcare marketplace, and drive down healthcare costs, the law has yielded exactly opposite effects. More than half of the ACA’s state-run health insurance exchanges and consumer oriented and operated plans (CO-OPs) have collapsed primarily due to insolvency, others are facing financial instability, and the ACA’s overly burdensome regulatory requirements have led to limited consumer choice, skyrocketing premium costs, and huge losses to private sector business.