Originally posted June 10, 2015.
With the Supreme Court soon to rule on subsidies for Obamacare, Michael Tanner explains why Obamacare is not working:
To cite just one example, getting poor people enrolled in Medicaid was supposed to reduce the strain on overburdened emergency rooms, by steering patients toward primary and preventive care. But the low physician-reimbursement rates under Medicaid mean that few physicians will treat Medicaid patients. As a result, emergency-room visits have actually increased under Obamacare.
Read more here from the Cato Institute’s Michael Tanner, who borrows a dictum from P.J. O’Rouke: If you thought Obamacare was expensive before, look at it now that it is free.
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Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
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