In fighting against Obamacare repeal this week, Democrats portray their health care law as a money saver, claiming Republicans would add to the deficit by abolishing the legislation. But in their franker moments, the bill’s authors admit that “reform” could be something of a time bomb that will cause exploding health care costs down the line. One top Senate aide plainly stated last summer, “This is a coverage bill, not a cost reduction bill.” The time-bomb nature of Obamacare was presaged by Mitt Romney’s health care bill in Massachusetts, which also expanded health insurance coverage by mandating that all individuals buy insurance, prohibiting insurers from dropping customers, and subsidizing the insurance of those with difficulty affording it.
In Massachusetts, these subsidies, mandates and regulations quickly caused health insurance and health care costs to spike, compelling the governor and state legislature to impose cost controls on insurers and providers while raising taxes on the state’s residents and businesses.
David Bowen, former health staff director of the Senate Health, Education, Labor and Pensions Committee, is one of the Obamacare authors to admit the bill could be a time-bomb.