Thirty-one and a half months after the Affordable Care Act was signed into law by President Obama, we finally have our answer. The President’s re-election, and the Democrats’ gains in the Senate, mean that Obamacare is here to stay. The conservative movement to repeal the law has been defeated. But we know something else: that America’s unsustainable fiscal situation means that Obamacare is destined to be the last major entitlement enacted by the United States. Indeed, Obamacare’s victory sets off a stiff competition for taxpayer dollars between Obamacare, Medicaid, and Medicare. It’s a battle that the elderly, in particular, are likely to lose.
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