If one wanted to sum up the consequences of the entire 2012 election in a single issue, look no farther than Obamacare.
The new health-care law is generally regarded as the signature achievement of the president’s first term. It’s certainly emblematic of Obama’s entire approach to government and what we can expect from his second-term initiatives.
The president promised a great deal of benefits from health-care reform: lower premiums, better care, universal coverage. He reassured Americans: If you had health insurance, and you liked it, you could keep it. The bill’s gross ten-year cost would be less than $1 trillion, and the legislation would actually reduce the deficit in the long run. The rich and some big businesses might have to pay a bit more in taxes, but the middle class would be better off.
But as with so many other policies of this administration, the results never matched the rhetoric. The pretty promises turned out to be “just words.”