This study is a comprehensive review of the Affordable Care Act and an early appraisal of its likely effects. It is the second report by the author on Obamacare, the first being a critique of bills still being debated by Congress in August 2009. Most of the bill's provisions, except its tax increases, do not go into effect until 2014. So what follows is like a visit from the ghost of Christmas Future, shadows of what will be, but do not have to be, if we will change it. Obamacare instead could be repealed and replaced with far superior reforms...which in fact are the author's recommendations.
A summary of principal findings follows this introduction. Part 1 reviews the provisions of Obamacare and how they expand government's authority over health care providers and consumers. Part 2 explains how Obamacare will lead to higher health insurance premiums and health care costs. Part 3 explains the comprehensive system of government health care rationing created by Obamacare, including how the Act eviscerates incentives for investment and innovation in health care.
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Peter Ferrara is director of entitlement and budget policy for the Institute for Policy Innovation and general counsel of the American Civil Rights Union, among other posts. He is the author of The Obama Health Plan: Rationing, Higher Taxes, and Lower Quality Care (Heartland Policy Study #123, The Heartland Institute, August 2009).
Ferrara has written studies and reports for the Cato Institute, Heritage Foundation, National Center for Policy Analysis, Family Research Council, U.S. Chamber of Commerce, and a wide range of other institutions and publications. He has published articles in The Wall Street Journal, Barron's, Forbes, American Spectator, National Review, Human Events, Weekly Standard, Policy Review, and elsewhere. He is the author or coauthor of, or contributor to, the following books:
Newt Gingrich, Real Change (2009)
Stop the Raid: Social Security, the Biggest Rip Off in History (2008)
Common Cents, Common Dreams: A Layman's Guide to Social Security Privatization (1999)
A New Deal for Social Security (1998)
Free the Mail: Ending the Postal Monopoly (1990)
Religion and the Constitution: A Reinterpretation (1983)
Social Security: Averting the Crisis (1983)
Social Security: The Inherent Contradiction (1980)
Ferrara served as a senior staff member in the White House Office of Policy Development under President Ronald Reagan and as associate deputy attorney general under President George H.W. Bush. He also has served as an associate professor of law at the George Mason University School of Law. He received an undergraduate degree in economics magna cum laude from Harvard College and a J.D. cum laude from Harvard Law School. He has practiced law with firms on Wall Street and in Washington, DC.
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