Hold on to your hats folks, because the elections are over and the President now feels free to do what he wants without fear of reprisal. Over the past few years we’ve seen President Obama and his Democrat cronies contrive to contort and delay parts of the Obamacare law that they knew would hurt Americans. The first time was way back in 2012 when they delayed certain aspects of the law to limit the blowback for the 2012 National Elections. Then it happened again, not only with Obamacare, but also with immigration reform as the Democrats obfuscated and dragged their feet to get past the 2014 midterms. However, the very unpopular President Obama is now unshackled from his party and is officially a lame duck – which does offer him some semblance of freedom. Our narcissist President now has nothing to worry about in terms of his own standing (or future election). Now he can truly focus on himself and what he wants to do…
Which is why 2015 (and beyond) will finally reveal the true (and HORRIBLE) nature of Obamacare. Dr. Marc Siegel has written a biting op-ed for Fox News online showcasing 3 things the White House doesn’t want you to know about Obamacare--3 things you’re going to hate. It’s stunningly clear and incredibly concerning and it highlights just how important it is that we rid ourselves of Obamacare as soon as possible!
Here are the highlights…
First the three things that the Obama administration has been trying to hide from you.
HUGE DEFICITS AND NEW TAXES. According to the Congressional Budget Office, the latest projections for the net cost of ObamaCare over the next ten years arejust over $1.4 trillion. Whereas President Obama promised in 2009 that it would cost less than $1 trillion over ten years. In order to partially pay for this, ObamaCare has added more than 20 new taxes totaling over $500 billion. BUREAUCRACY. Speaking of Orwellian politics, ObamaCare includes159 new boards and agencies to restrict and govern your health care choices.
STILL MORE BUREAUCRACY. Dysfunctional state exchanges with high deductible policies, narrow doctor networks, including federally-run exchanges in 36 states which may not be allowable under the law (SCOTUS currently considering this case).
Here are the three things that are happening in 2015 that you are just going to hate.
PENALTIES WILL RISE – INDIVIDUAL MANDATE. In 2014, people are facing a penalty of $95 per person or 1% of income. In 2015, the penalty will more than triple to $325 per person or 2% of income, whichever is higher. If an American failed to get coverage this year, the penalty will be taken out of their tax refund in early 2015.
SERIOUS RATE HIKES FOR CHEAPER OBAMACARE PLANS. According to Investor’s Business Daily, the lowest cost bronze plan will increase an average of 7 % in many cases, the lowest cost silver plan by 9%, and the lowest priced catastrophic policy will climb 18 percent on average. Double digit rate hikes are anticipated in several southern and Midwestern states includingKansas, Iowa, Louisiana, North and South Carolina, Tennessee, Iowa, and Virginia. Subsidies will continue to be a huge part of the program. In 2014, subsidies provided ¾ of the premiums for the federally-run exchanges.
EMPLOYER MANDATE WILL TAKE EFFECT. After being delayed for a year, large businesses (100 or more employees in 2015, 50 or more in 2016) will be required to offer affordable (and subsidized) health plans to at least 70 percent of their full time employees or face a $2,000-$3,000 penalty per employee. This mandate will lead to fewer full time employees being hired.
Obamacare has been bad thus far - even with all the delays and waivers – and it’s only going to get worse. Also, all of the rosy numbers that MSNBC and other liberal outlets have been trumpeting are skewed administration numbers – the truth has been far darker than the Obamabots like to believe. Forbes did a great analysis of the FACTS just a few months ago…
The fact of the matter is that the difference in uninsured before and after Obamacare may be as little as 3-4% of the population. This minimal difference begs the question, was this all worth it? Couldn’t existing government healthcare/welfare options have been expanded to cover these people? Wouldn’t it have been far cheaper, less invasive and FAR LESS divisive to simply expand our Medicare and/or Medicaid? Perhaps offering more subsidies to the states to cover those uninsured in their own states?
The point is that there were easier, cheaper and more effective ways for us to cover the few extra Americans that Obamacare has added to the rolls of the insured. And now, the problems are only going to get worse as the real costs of Obamacare become known and our wallets/pocketbooks start feeling the impact.
Things are about to get rough folks; I hope you’re ready. If you need help preparing for the coming Obamacare collapse, Ramesh Ponnuru can help you with that over at Bloomberg View.