Friday, February 8, 2013

Finding silver linings in a crappy economy


We're sure you remember this:

"...if you like your doctor or healthcare plan, you can keep it..."

However, if you are possessing of two brain cells with which to rub together and you pause to consider that the Affordable Care Act aka ObamaCare had the intent of effectively dumping 30 million additional Americans onto the Medicaid rolls and then pile on additional health care coverage requirements, that promise might not necessarily pan out.

The non-partisan Congressional Budget Office would tend to agree:

President Obama's health care law will push 7 million people out of their job-based insurance coverage — nearly twice the previous estimate, according to the latest estimates from the Congressional Budget Office released Tuesday.

CBO said that this year's tax cuts have changed the incentives for businesses and made it less attractive to pay for insurance, meaning fewer will decide to do so. Instead, they'll choose to pay a penalty to the government, totaling $13 billion in higher fees over the next decade.

But the non-partisan agency also expects fewer people to have to pay individual penalties to the IRS than it earlier projects, because of a better method for calculating incomes that found more people will be exempt.

(italics, ours)

That ObamaCare has created perverse incentives is no surprise. Burdening businesses with additional requirements will not come without consequences. That it is a bug or a feature (a back door to the public option/single-payer system that statists in this county have been clamoring for years) we still haven't figured out.

And that last paragraph contains a cruel irony. More and more people will be exempt from paying the penalty/tax for not signing up for ObamaCare because of the persistently dismal economic climate of which hopelessly misguided and ill-executed economic policies like ObamaCare have created.

You and your family no longer have healthcare but, no worries... at least you don't have to pay the tax for not having healthcare.


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