The reelection of President Obama provides a clear passage for health care reform. However, this massive top-down reform comes with major structural flaws — six to be exact, says John C. Goodman, president of National Center for Policy Analysis.
First, there is no realistic funding plan. At the moment, in order to make ends meet, legislation aims to lower Medicare expenditure over the decade by $716 billion to provide health insurance for young individuals. However, this cut comes with numerous other complications, including hospital closures and worse access to care for seniors.
Second, the ACA promises what it cannot deliver. The reform increases demand while the supply of health care services remains stagnant.
Third, the ACA mandates and subsidies will destabilize entire sectors of the economy. Numerous private enterprises will be burdened with higher costs.