Earlier this week, U.S. Sen. Ted Cruz, R-Texas, described a few additional unintended consequences that we can expect with the Affordable Care Act’s rollout, and as he describes it, as bad as it’s been so far, we’ve only seen the tip of the iceberg.
“The five million who have lost their health care now is just the beginning of this,” he begins. You’re going to see more and more people who can’t keep their doctor.”
For example, he noted that Texas Oncology, which he described as “one of the very best cancer centers in Texas,” will not be accepting Obamacare patients.
Cruz then predicted that that premiums will rise significantly in the spring because an inadequate number of healthy policyholders will be signed up.
“We’ve seen sticker shock already as premiums have gone up,” he said. “But the next wave of premiums is likely to go up dramatically.”
But the “most damaging” effect will be suffered by the “90 million plus people who have employer=provided health care.”
Cruz predicted that corporate human resource directors will be dumping their employee coverage when the employer mandate kicks in in 2015.
By providing health insurance to a segment of the uninsured, the Affordable Care Act will “screw up the insurance of the remaining couple hundred million of other people,” he concluded.
Watch his remarks below, and if you haven’t already, be sure to check out Texas mom speaks out about viral letter to Obama: ‘I’m one of millions’