Thursday is the seventh anniversary of Obamacare, so naturally Barack Obama decided to release a statement defending his law:
Obama’s statement featured the usual lies and spin that were habitual during his presidency, but it’s also important to realize that Obamacare broke a lot of key promises that Obama made on the campaign trail and throughout his presidency. Here are seven of them:
The Affordable Care Act tried to allow existing health plans to continue under a complicated process called “grandfathering,” which basically said insurance companies could keep selling plans if they followed certain rules.
The problem for insurers was that the Obamacare rules were strict. If the plans deviated even a little, they would lose their grandfathered status. In practice, that meant insurers canceled plans that didn’t meet new standards.
Obama’s team seemed to understand that likelihood. U.S. Health and Human Services Secretary Kathleen Sebelius announced the grandfathering rules in June 2010 and acknowledged that some plans would go away. Yet Obama repeated “if you like your health care plan, you can keep it” when seeking re-election last year.
In other words, Obamacare’s mandates and regulations caused insurance plans to cover benefits that a lot of people didn’t want or need, contributing to the rise in premiums while pushing people off their insurance and onto Medicaid or the nightmare that is the Obamacare exchanges.