Democrats, give GOP a chance on ACA
This is in response to the recent commentary about the GOP’s intention to repeal and replace Obamacare.
The Congressional Budget Office estimates that the program will cost the federal government $1.34 trillion over the next decade, an increase of $136 billion from its prediction in 2015. In 2016 alone, Obamacare has cost approximately $110 billion.
This ill-conceived health care law was based on the premise that young, healthy enrollees offset the cost of older people with more health problems. But those who chose not to enroll were penalized for not complying with mandated coverage, and the mandate is a tax, which means that the IRS has the authority to collect this payment when you file your return – even though the current president stated, “If you like our doctor and or plan you may keep it.”
Several insurance companies have withdrawn from Obamacare because of financial losses.