3 things White House doesn't want you to know about ObamaCare, plus 3 things coming in 2015 you aren’t going to like
Here are three crucial changes that the president clearly didn’t want you to know about:
1. 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 are just 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.
3. 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).
1. PENALTIES WILL RISE – INDIVIDUAL MANDATE. In 2014, people are facing a penalty of $95 per person or 1% of income.
2. 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 including Kansas, Iowa, Louisiana, North and South Carolina, Tennessee, Iowa, and Virginia.
3. 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.
The latest Kaiser Family Foundation poll in July revealed that 53 percent of those surveyed had an unfavorable view of ObamaCare.
I expect this number to rise as more of ObamaCare’s “bells and whistles” are rolled out. Americans are experiencing ObamaCare as a cancer of the health care system. -- The more it grows, the more it infiltrates and destroys healthy tissue.
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