Medicare spending is growing at annual clip of 7.2 percent, vastly faster than the rest of the economy. Over the next decade, Medicare spending is expected to double, and its unfunded liabilities over the next 75 years are approximately $31 trillion dollars- a number beyond human comprehension.
On ObamaCare’s one year anniversary, it is now evident that Louisiana residents will be forced off their private insurance and onto Medicaid. Louisiana health officials have also concluded that implementation will cost $7 billion over a 10-year period.
“With the addition of Louisiana, nine states have now requested an exemption from this particular exemption… the growing dissatisfaction amongst states means the Obama Administration will face some difficult decisions.”
“Republicans are working to ‘replace [Obamacare] with legislation which will expand access to affordable, quality health care, but in a way consistent with American values and which is fiscally sustainable.'”
One year after ObamaCare was signed into law, Gov. Bobby Jindal has stated that Louisiana will not set up an exchange system that enables the new insurance regulations. By taking a firm stand, Jindal could inspire other governors who recognize that the U.S. Supreme Court may overturn the regulation.
“One could argue that these waivers are essentially an admission that Obamacare is incompatible with private health insurance markets and with individual state health care plans.”
Health care compacts can protect against federal overreach, cancel out ObamaCare and restore federalism. But more states are needed to reach “critical mass” and pressure the feds.
Legal scholars claim Judge Vinson’s ruling against ObamaCare in Florida can apply nationwide. Gov. Jindal the U.S. Supreme Court to put an end to the federal law.
“Tanner rightfully labels the new health care law a ‘colossal failure’ which will irrevocably transform American health care… for the worse.”
“By exempting consumers from the very regulations that it imposed, the Obama Administration is acknowledging that the regulations will strain the quality and affordability of insurance plans.”