Congressional Democratic leaders are assembling a multitrillion-dollar omnibus spending package, bringing together their main legislative priorities for the Biden administration’s first year in office. Though the health care reforms proposed have received much less news coverage than the Affordable Care Act of 2010, they would, in fact, cost taxpayers more.
Following the enactment of the Affordable Care Act, then-Vice President Joe Biden crowed about the legislation’s historical significance. But although the ACA’s expansion of Medicaid eligibility increased its enrollment from 57 million in 2013 to 81 million in 2021, 12 states are still to expand the program. The result of ObamaCare’s reforms to insurance markets was that premiums more than doubled, rather than declining as promised. The long-term care entitlement established by the ACA never got off the ground and has been repealed altogether.
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