OBAMACARE – THE GIFT THAT KEEPS ON TAKING

Isn’t it interesting the mainstream media makes barely a peep about the ongoing and worsening Obamacare debacle. Healthcare premiums, co-pays and deductibles are soaring, while doctor and plan choices contract to a minuscule level. Recent surveys reveal the hardship being inflicted upon families across the nation. Those who are willfully baffled by the lack of consumer spending need look no further than Obamacare and its impact on the budgets of hard working Americans.

According to a survey by LIMRA, an insurance and financial services trade association, six in 10 workers agreed that the rising cost of health insurance directly affects how much they set aside in their workplace retirement savings plan. Employees are being forced to cut back on their retirement savings in order to meet the skyrocketing cost of their health insurance. Based on the numbers being bandied about by the Kaiser Family Foundation, it seems average families will soon have to decide between food and healthcare. Remember Obama’s quotes in 2008- 2009 when he was selling this bloated pig of a plan to you?

“We will start by reducing premiums by as much as $2,500 per family.”

“If you like the plan you have, you can keep it. If you like the doctor you have, you can keep your doctor, too. The only change you’ll see are falling costs as our reforms take hold.”

Millions of people have been kicked out of their existing health plans and have seen their premiums and deductibles go up by double digits. Small business owners are being forced out of business. And now the fines, mandates, and taxes really begin to kick in. At least median household real wages are lower than they were in 1989. According to the Kaiser Family Foundation:

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ObamaCare is The Gift That Keeps on Giving/Taking

Guest Post by Monty Pelerin

ObamacareFallout

obamacare.gifObamaCare is the gift that keeps on giving — if you are a Republican. If you are a taxpayer or a Democrat politician, it keeps right on taking. Here is a blurb from Tom Howell, Jr. that states taxpayers are in for bigger surprises than they were told:

Those Americans who didn’t get health insurance last year could be in for a rude awakening when the IRS asks them to fork over their Obamacare penalty — and it could be a lot more than the $95 many of them may be expecting.

The Affordable Care Act requires those who didn’t have insurance last year and didn’t qualify for one of the exemptions to pay a tax penalty, which was widely cited as $95 the first year. But the $95 is actually a minimum, and middle- and upper-income families will actually end up paying 1 percent of their household income as their penalty.

TurboTax, an online tax service, estimated that the average penalty for lacking health insurance in 2014 will be $301.

When ObamaCare passed I suggested that it would prevent any economic recovery in its passed form. It was also suggested that it might be the dumbest political move ever and that it could destroy the Democrat Party as a dominant political force. At this point, there are fewer reservations regarding either of these possibilities than when they were originally made.

William Voegeli recounts the after-effects of Democrats who supported this horrific legislation:

Half of the 60 Democratic senators who voted for the Affordable Care Act in December 2009—the exact number needed to prevent its being filibustered to death, since all Republicans opposed it—are no longer in the Senate. These ex-senators include eight who were defeated by Republicans, and eight more who chose not to run again and were succeeded by Republicans.

The problem for Democrats (and US citizens) is that ObamaCare gets worse, not better, over time. Time requires more rocks to be overturned and more and bigger reptiles to appear.

Political “seller remorse” on the part of Democrat politicians is already rampant. However, “buyer remorse” on the part of Democrat voters is about to take a big leap upward.