Obamacare May Implode

The news media and Americans are focused on the upcoming presidential election.  Given the important role the president plays in the United States this is natural.  However, the focus on the election has been on the questionable personal traits of Donald Trump and Hillary Clinton.  This myopic focus masks serious issues that face the Country and the next president, irrespective of who is elected.

The significant challenges the Country faces include international relations, as well as economic issues.  The Middle East is devolving into chaos that will eliminate the artificial borders and countries created after World War I.  Russia is again adversarial and imperialistic.  Economic growth in the United States is tepid with the total debt soon to exceed $20 trillion.  Irrespective of whether Clinton or Trump become president, these issues will prove intractable.

Within the broader subject of economic challenges is the out of control medical costs.  This problem had its roots long before Barack Obama became president.  However, the President’s signature program, Obamacare, exasperated the problems and is showing signs of heading into a death spiral.

The President is aware of Obamacare failings writing in The Journal of the American Medical Association: “Too many Americans still strain to pay for their physician visits and prescriptions, cover their deductibles or pay their monthly insurance bills; struggle to navigate a complex, sometimes bewildering system; and remain uninsured.”  This is a far cry from the President’s promises to the American people that healthcare costs would decrease.  Obamacare not only added expensive mandates to the cost of medical insurance, but covered some 20 million people who previously did not have insurance.  For the President to have made this cost cutting promise indicates incompetence or dishonesty, there is no third option. Continue reading

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