Just When You Thought Obamacare Couldn’t Get Any Worse … Dear Sovereign Investor, Here’s a shocker. On Friday, another major Obamacare flaw came to light. According to The Wall Street Journal, the software purchased to run Obamacare’s health care exchanges, which cost the government more than $88 million, is unable to correctly calculate the amount of subsidies that an individual applicant is eligible for — and nobody seems to know how to fix it. What else can possibly go wrong with this abomination of a law? Here’s just a small sample of what we already know about the absurdly named Patient Protection and Affordable Care Act: 1) Instead of bending the cost-curve down, health care consumers in many states will find the average premium prices rise 30% or 40% next year. 2) The federal government is unprepared to protect Obamacare’s information-technology system from hackers and identity thieves. 3) Americans may lose their doctors. The Department of Health and Human Services recently posted this on Healthcare.gov: “Depending on the plan you choose in the Marketplace, you may be able to keep your current doctor.” 4) There are 20 new or increased taxes in Obamacare. 5) The federal government’s own General Accounting Office reports Obamacare will increase the long-term federal deficit by $6.2 trillion. 6) A Heritage Foundation analysis found that Obamacare will force seniors to suffer higher out-of-pocket expenses over the next five years. 7) President Obama negotiated an exemption from Obamacare for members of Congress and their staff. 8) Three of the nation’s most influential union bosses (and Obama supporters) declared that Obamacare is poised to “destroy the foundation of the 40-hour work week that is the backbone of the American middle class.” 9) A Gallup poll found that more than 40% of small businesses have frozen hiring because of Obamacare. 10) The employer mandate requiring employers with 50 or more employees to provide health coverage has been postponed until after the 2014 election. I wonder why? The list goes on … but the point has been made. In the run-up to the passage of Obamacare, the president told us that his new law would cut the cost of our health care, would not increase the deficit, would not limit our choice of doctors or health plans and would create jobs. None of that was true. The time has come to end this charade. The time to defund Obamacare is now. Jim Signorile Managing Editor, The Sovereign Investor
Posted on: Mon, 23 Sep 2013 16:48:28 +0000
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