Today's @WSJ op-ed with Elizabeth Plummer: ObamaCare Is a Money Pit for Taxpayers Congress may yet extend ObamaCare “enhanced” premium subsidies. A new study shows why that would be a reckless act toward taxpayers. Using health insurers’ mandatory filings, our study, published Friday in JAMA Health Forum, shows that the ObamaCare individual market has become a money pit for taxpayers. In 2024 they paid nearly 80% of the premiums for subsidized plans—compared with only 30% in 2014... Congress has thrown taxpayers under the bus—forcing them to pay for nearly the entire ballooning cost of subsidized ObamaCare plans, including fraudulent ones. Taxpayers in employer-sponsored plans are also saddled with higher premiums, higher prices and stagnant care delivery caused by ObamaCare’s market distortions. What Congress sold to the American people as targeted assistance for lower-income families has become a broad entitlement with no spending limit. ObamaCare’s structural flaws and subsidy design are a direct attack on taxpayers’ hard work, sacrifice and discipline. Taxpayers, who keep the economy running and sustain care for the most vulnerable, deserve empathy and justice.
