It has been about three years since the Affordable Care Act appeared before the President, after a questionable trip through the halls of Congress. One by one, the bullet points of the sales pitch have been skewered, only to be excused away through misstatements and flat out lies.
Here is a doozy, that you get to keep your policy if you like it. Nothing could be farther from the truth. What the Obama administration is ruling is that any change in any insurance policy voids that policy and a new one, under new guidelines must be written. That includes a policy that you like, but the bureaucracy does not like. It is all for your own good, of course.
Here is the latest from CBS via Reason, and my prediction on how it will be explained away:
October 29, 2013
CBS News has learned more than two million Americans have been told they cannot renew their current insurance policies — more than triple the number of people said to be buying insurance under the new Affordable Care Act, commonly known as Obamacare.
There have been estimates about hundreds of thousands of people losing coverage, CBS News’ Jan Crawford reported on “CBS This Morning.” CBS News has reached out to insurance companies across the country to determine some of the real numbers — and this is just the tip of the iceberg, Crawford said. The people who are opening the letters are shocked to learn they can’t keep their insurance policies despite President Obama’s assurances to the contrary.
Source: CBS News. Read full article. (link)
For some reason, my Conservative and libertarian allies think this revelation will lead to something like repeal. The masses will rise up and demand their representatives in Washington, DC “do something and fix this!”
Well, they are partly right. They are just completely wrong about the “something” that will be done. Here is what will happen:
- Insurance companies who are attempting to follow the law, by cancelling any policy that must be changed due to Obamacare, will be blamed for cancelling policies.
- Insurance companies that offer new policies, within the coverage and pricing guidelines the federal and State governments gave them, will be blamed for the pricing.
That is it, that is all, and nothing else will change. Okay, maybe some bill will be floated that does not change a thing.
Of course, none of this would be a problem if all of this crony scaffolding were ripped apart and a Laissez-Faire approach were taken.
Steve is a graduate of the University of Tennessee, Finance. He is a 30 year veteran Aviation Officer of the Army National Guard and Army Reserve, and former Defense Contractor in Resource Management. He has always had a libertarian streak, no matter which major Party flag he flew. Today he is a Minarchist leaning to Anarcho-Capitalism. He and his wife reside in a secret, undisclosed, subterranean lair with the clan motto of “Leave us alone and nobody gets hurt.” The Anarchist’s Soufflé Book is Steve’s current work in progress, along with Time Bomber: The Forgotten Yippie, coming soon any year now. Steve has been published by the Reason Foundation, and the Foundation for Economic Education. Follow Steve @AustrianAnarchy and view his Austrian Anarchy blog.