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Having killed insurance companies, Obamacare threatens economic recovery

President Barack Obama, despite his promise that we could keep our insurance company, intended just this outcome ...

THE NEW YORK POST – President Trump is obviously angered by inflation in health insurance, calling carriers “money sucking.”

Major benefit consultants including Aon and WTW are forecasting employer costs for providing coverage in 2026 will rise from 9.5% to 10.3%.

Economists worry that working Americans will suffer wage stagnation in a growing economy because higher premiums force employers to shift the costs of coverage to employees via higher deductibles and out-of-pocket payments.

This presents a smoldering political problem for the president as Zohran Mamdani’s win in New York City suggests “affordability” could become the watchword of a Democratic socialist midterm success.

BLOOD OF INNOCENTS ON OBAMA’S HANDS:
“In 25 states, abortion coverage through Obamacare is either allowed or required.” – Politico, 11/25/2025

The recent government shutdown was all about the affordability of health insurance.

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The 15-year effort to make Obamacare America’s version of national health insurance, the left’s goal since FDR refused to put universal coverage in the 1935 Social Security Act, was exposed by its impact on the nation’s deficit.

President Joe Biden used COVID to supercharge Obamacare enrollment and expand Medicaid so together they might overtake private insurance.

Using greatly enlarged subsidies and reduced eligibility requirements, 44 million more Americans signed up for government coverage.

The shutdown saw the Democrats argue that if these subsidies ended, people would die.

The president rightly saw the demand as incompatible with deficit reduction.

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This contest will play out again in January when the continuing resolution ends.

This mess was predictable from the start.

To get Obamacare passed, the insurance industry, consolidated two decades earlier into a handful of giant companies as a presumptive defense against Hillarycare’s promise to eliminate them, had to go along.

“Enjoying monopoly power, carriers drove up prices in cahoots with hospitals and doctors happy to deliver more costly care.”

Trump wants to disrupt the reign of these “big, fat, rich” companies.

The problem is Obamacare succeeded all too well in eliminating hundreds of competitors …

 

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