Steven Hayward of Forbes.com predicts that Obamacare will be repealed:
Senate Democrats endangered for re-election will lead the charge for repeal perhaps as soon as January, after they get an earful over the Christmas break. They’ll call it “reform,” and clothe it in calls for delaying the individual mandate and allowing people and businesses to keep their existing health insurance policies. But it is probably too late to go back in many cases. With the political damage guaranteed to continue, the momentum toward repeal will be unstoppable. Democrats will not want to face the voters next November with the albatross of Obamacare.
I can’t remember the last time that Congress actually repealed a bad law. Mr. Hayward does:
This wouldn’t be the first time that a health care entitlement was repealed. The same thing happened in the late 1980s with catastrophic coverage for seniors. Because seniors were made to pay for their benefits under that scheme, the uproar forced Congress to repeal the measure barely a year after it went into effect.
If this actually happens, then maybe the economy will start to improve. The uncertainty over the costs of implementing this horrible law will be gone, and perhaps the government can begin to address the real causes of the rising costs of health care in the U.S.