squeezing amplitude is increased, a cross-over from a single ground state regime to a doubly-degenerate ground state regime. In the latter case, the ground state manifold is spanned by Schrödinger-cat states, i.e. quantum superpositions of coherent states with opposite phases. For the first time, having resolved up to the tenth excited state in a spectroscopic experiment, we confirm that the proposed emergent static effective Hamiltonian correctly describes the system, despite its driven character. We also find that the lifetime of the coherent state components of the cat states increases in steps as a function of the squeezing amplitude. We interpret the staircase pattern as resulting from pairwise level kissing in the excited state spectrum. Considering the Kerr-cat qubit encoded in this ground state manifold, we achieve for the first time quantum nondemolition readout fidelities greater than 99%, and enhancement of the phase-flip lifetime by more than two orders of magnitude, while retaining universal quantum control. Our experiment illustrates the crucial role of parametric drive Hamiltonian engineering for hardware-efficient quantum computation.