Brace yourself for the next health insurance crisis: The middle class is becoming the new uninsured.
The Affordable Care Act added millions of mostly poor people to the insurance rolls. But the law is driving premiums so high that middle-class people can no longer afford insurance. Several million areexpected to drop coverage in 2018. Under ObamaCare, poor lives matter. Middle-class lives? Not so much.
With GOP lawmakers paralyzed about how to repeal and replace ObamaCare, Sens. Patty Murray (D-Wash.) and Lamar Alexander (R-Tenn.) are swooping in with a plan to keep the floundering health law afloat. Senate hearings began Wednesday.
The senators cloaked themselves in the mantle of bipartisan reasonableness, but don’t be fooled. There’s nothing bipartisan about their scheme. The big losers are middle-class buyers priced out of the individual insurance market and taxpayers footing the bill for the billions in extra spending these fixers are proposing. The winners are insurance companies.