Democrats created ObamaCare and expanded subsidies without Republican help. Now they’re blaming the GOP for not saving them from the disaster they created.
ZERO.
That’s the number of Republicans who voted to create the grossly misnamed Affordable Care Act (ObamaCare) in 2010. It’s the number of Republicans who voted for the grossly misnamed and historically inflationary American Rescue Plan in 2021, which expanded subsidies for marketplace health insurance plans under the guise of the COVID emergency. And it’s the number of Republicans who voted for the again grossly misnamed — by Joe Biden’s own admission — Inflation Reduction Act of 2022, which extended those expanded subsidies.
ZERO.
Democrats are solely responsible for the fiscal and health disaster that is ObamaCare.
Yet they keep blaming Republicans for the Chuck Schumer Shutdown because Republicans didn’t do a 180 and include the expanded subsidies they never wanted or voted for in the continuing resolution (CR) to keep the government open. Most Republicans are not inclined to save Democrats from the budget monster they created.
The House passed a clean CR. Senate Democrats are blocking it from reaching the 60-vote threshold, holding the government hostage for extended subsidies — hence the shutdown.
For nearly 20 years, Democrats have been lying to you about the cost of ObamaCare. It will reduce premiums, they swore over and over. Spoiler alert: It didn’t.
When Democrats passed the law, they front-loaded its revenue provisions while delaying its outlays to make the 10-year cost appear more favorable, but it has cost taxpayers more than $2 trillion over the last 15 years. When COVID came along, Democrats saw an opportunity to expand the number of people on the federal exchange, but doing so meant spending more money on subsidies, and they fully intended to make that a permanent new feature of the entitlement.
“These emergency subsidies were supposed to be temporary,” notes Matthew Continetti. “The original legislation ended them in two years. But in 2022, as part of the absurdly named Inflation Reduction Act, Democrats extended them until 2025. Now they’re set to go on December 31.”
Economics 101: Subsidies don’t reduce the price for something; they just redistribute the cost. In fact, most often, subsidies raise prices by increasing demand without also increasing supply.
…
THE FIGHT OVER OBAMACARERead More »