The Cost of ObamaCare Regulations
Since passage of the Affordable Care Act (ACA), the American Action Forum (AAF) has tracked the state of its regulatory implementation. To date, the ACA has imposed a total of $27.6 billion in new regulations — at least $20.4 billion in lifetime costs on private entities and $7.2 billion in increased burdens on state budgets. In this paper AAF examines how this $27.6 billion in new costs break down on a state-by-state level. The data show that five states will endure at least $1 billion in ACA regulatory costs.
Report by Sam Batkins.
Exactly what we need: more regulations. Geeze.
Sounds like a mess.
Well you know what they say: If you give a mouse a cookie, and regulate the heck out of it, then everyone loses. I’m pretty sure I’ve heard that somewhere before.
Obamacare is a fiscal train wreck. I hope those supporters of ObamaCare understand, once in for all, why this is NOT a constitutional law.
I had no idea costs are that bad for the private insurers.
Wouldn’t those costs just be passed down to consumers, or reflected in labor market changes?
I am concerned about the 80% medical loss ratio that, apparently, must be met per policyholder, every year.
I understand the logic of the provision – the lawmakers believe they are providing consumers a healthy benefit, per premium paid.
This provision would seem to increase benefits every year, which would increase premiums by 20% more than the benefits, in a dangerous downhill cycle to oblivion.
What we need to work towards are cheap policies we hope never to collect on, not plans that return 80 cents for every dollar of premium.
Don Levit
to think those numbers represent the floor-not the ceiling for costs
The High-Cost Five:
California, Texas, New York, Florida, Illinois.
Will the craziness ever stop? I fear not…