Biden, Trump and ObamaCare

Democrats distort the issue, but the GOP offers no alternative

WSJ editorial. Excerpts:

"The reality is that ObamaCare has increased healthcare costs while producing few tangible benefits for patients. As we recently pointed out, the law’s de facto profit cap has driven industry consolidation, resulting in higher costs for patients and taxpayers. Insurers have pocketed subsidies while increasing premiums and deductibles.

The share of Americans with insurance increased by about five percentage-points in the six years after the law’s Medicaid expansion and health exchanges took effect. This resulted in about 17 million Americans gaining health coverage. But most newly insured are young, healthy adults on Medicaid. They could have afforded “skinny” plans more appropriate for their age and health risks, but the Biden Administration is restricting those plans.

Medicaid spending was growing at an unsustainable 9% a year even before its pandemic expansion. Taxpayers are shelling out $90 billion this year for ObamaCare subsidies—$6,324 per household—which Democrats sweetened in 2021 to offset surging premiums for middle- and upper middle-income Americans."