The ObamaCare Economic Disaster Looms: 10 Things To Watch For

Remember when Democrats were so concerned about health care that we had to pass, I mean ram, the legislation down our throats?

Well, after three years of learning what golden little nuggets are in ObamaCare, we can expect it to be a total disaster. Here are 10 highlights:

  1. Boost insurance costs. Officially the “Affordable Care Act,” ObamaCare promised to lower premiums for families. But regulators decided to impose a 3.5% surcharge on insurance plans sold through federally run exchanges. There’s also a $63 fee for every person covered by employers. And the law adds a “premium tax” that will require insurers to pay more than $100 billion over the next decade. The congressional Joint Committee on Taxation expects insurers to simply pass this tax onto individuals and small businesses, boosting premiums another 2.5%.
  2. Push millions off employer coverage. In February, the Congressional Budget Office said that 7 million will likely lose their employer coverage thanks to ObamaCare — nearly twice its previous estimate. That number could be as high as 20 million, the CBO says.
  3. Cause premiums to skyrocket. In December, state insurance commissioners warned Obama administration officials that the law’s market regulations would likely cause “rate shocks,” particularly for younger, healthier people forced by ObamaCare to subsidize premiums for those who are older and sicker.

Read the rest here. The middle class gets screwed once again by Democrats.

HT: Instapundit

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2 thoughts on “The ObamaCare Economic Disaster Looms: 10 Things To Watch For

  1. And on the other side of the coin are Republican agendas we should watch for:
    1. Farm subsidies.
    2. Oil subsidies.
    3. Defense spending.
    Perhaps the government should not be in the business of buying, selling and trading things because maybe, just maybe, wait for it…., that's what the market is for.

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