ObamaCare: A Crony Capitalist’s Best Friend

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The evidence keeps mounting: Six years after being signed into law, ObamaCare is a costly and unsustainable disaster.

Look at what has happened in the past month alone. A federal court ruled that the Obama administration violated the law by spending money on ObamaCare subsidies without an appropriation from Congress.

In Florida, 15 health insurers are seeking an average increase in premiums of 17.7% for 2017. The continued raiding of Medicare Advantage—ObamaCare was projected in 2012 to cut $156 billion from the program over a decade—hurts many seniors in my home state and nationwide.

The health law’s sweeping mandates continue to target faith-based organizations like the nuns of the Little Sisters of the Poor. These nuns remain tied up in litigation because they rightfully believe that God and the Constitution’s religious-freedom protections are higher authorities than President Obama and his administration’s unconstitutional and liberal agenda.

ObamaCare is also bringing out corporate America’s worst crony-capitalist impulses. The health-insurance lobby has teamed up with trial lawyers to sue the federal government—through individual lawsuits and a $5 billion class action—for not following through on a sweetheart bailout deal buried in the law. This provision of ObamaCare would have required taxpayers to bail out insurers for losing money on the health-care exchanges.
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