As more information comes out re the consequences of Obamacare and the implementation of a bill no one read, fixes no one did or thought of, results no one imagined, I am left scratching my head in puzzlement and wonder. Does it take a genius to understand economics? Maybe just some straight up education and it’s free! I’ve written many posts on this, but here’s where we are today six weeks into the launch of turning one sixth of the economy into dross:
1. Congress passed, without one Republican vote, The Affordable Healthcare Act (also known as Obamacare), mandating all Americans must have healthcare insurance by 2014 or they would be fined.
2. The Supreme Court declared it legal, stating that, despite all arguments to the contrary, it was to be considered a tax.
3. Various interests groups are given over a 1,000 waivers from having to obey the law.
4. President Obama unilaterally grants a waiver to employers for one year, but insists the individual must follow the law.
5. President Obama consistently stated (29 times) that “If you like your insurance plan, you can keep it. If you like your doctor, you can keep your doctor.”
6. October 1, 2013, Obamacare rolled out. The goal from October thru March was to have a minimum of 7 million participants. Here’s where we are:
Mind you, the government is counting people who may have selected a plan, but not yet paid for it. So, window shopping counts too.
7. Today, President Obama came out and announced you could keep your canceled plan for another year….
Is that even doable? Is that even legal?
So, if I understand this correctly: This all started because somewhere between 30-50 million people in the United States were without healthcare insurance. Those with healthcare insurance (something like 70-90% were happy with their coverage – from memory only). But the reality is and was known that the number of people who would lose their healthcare plan was estimated to be 93 million. 93 million. Forbes did a great articulation of this yesterday. Not only do they lose the plan they liked, but they get to pay more for a new one, with a higher deductible, covering stuff they may not need or want, i.e., birth control, maternity care, and viagra.
And, we are going to be double-taxed on this – first, you pay more before or after taxes and then, as a taxpayer, we pick up the tab on those guaranteed assistance for their healthcare plan payments.
Didn’t we go to war with the British on taxation without representation? I don’t feel represented.
Update: Obamacare Enrollment by each State.