June 20, 2015 by Tony Novak
Someone asked “If a tree falls in the forest and Fox News isn’t there to cover it, is it still Obama’s fault?”
There will undoubtedly be plenty of blame in the coming months as the bad news about PPACA health care reform accumulates and is reported in the news. At this point, just over half of Americans are reportedly OK with the health reform law but I predict that approval rate will drop dramatically over the next 24 months or so.
Some people suspect it will begin with the Supreme Court ruling this coming month. I don’t think so. I think the Burwell case decision will be a yawn.
What really matter is people’s pocketbooks. High rate increases for 2016, even higher rate increases for 2017, increasing rates of medical expense induced personal bankruptcies and dwindling government-paid premium subsidies will be the real driving force that will eventually topple our current health care financing system.
By the time the collapse of PPACA happens, Obama will be out of office. He will still be blamed, along with whoever is next in line. But the fact is that financial failure has been built into the system for many decades. PPACA did almost nothing to address our systematic sustainability problem.
But perhaps our leaders should not take this blame so personally. After all, as Churchill observed, we know that eventually America will make the right choices after we’ve tried everything else first.