ObamaKare, as few persons realize, doesn’t fully take place until 2014. Two things will have occurred by then:
1. Mr Obama will be well into his second term and completely unwilling to suspend ObamaKare; or
2. Another will occupy the White House and ObamaKare’s true devastating impact will not be known until at least halfway into that new presidency;
This was all quite calculated. If Mr Obama was in office, he would refuse to halt its deleterious effect on the nation. And if not, no one would know precisely how it would adversely strike America until it was too late. In both cases, Mr Obama will have his plan taken — in absentia — into fruition.
Luckily, now, we have some major hints before our very faces. As in: employers are about to drop YOU like a hot rock:
From the WashingtonExaminer.com:
Business owners will pay $4 billion more in taxes under President Obama’s Affordable Care Act (ACA) than the Congressional Budget Office had previously expected.
“According to the updated estimates, the amount of deficit reduction from penalty payments and other effects on tax revenues under the ACA will be $5 billion more than previously estimated,” the CBO reported today. “That change primarily effects a $4 billion increase in collections from such payments by employers, a $1 billion increase in such payments by individuals, and an increase of less than $500 million in tax revenues stemming from a small reduction in employment-based coverage, which will lead to a larger share of total compensation taking the form of taxable wages and salaries and a smaller share taking the form of nontaxable health benefits.”
In short, CBO revised the Obamacare tax burden upward by $4 billion for businesses and $1 billion to $1.5 billion for individual workers.
CBO couldn’t help but bump into Chief Justice John Roberts controversial decision uphold the individual mandate as a constitutional exercise of Congress’s taxing power. The report dubs the individual mandate a “penalty tax” — that is, “a penalty paid to the Treasury by taxpayers when they file their tax returns and enforced by the Internal Revenue Service.”
Further, the consequences are already occurring up front. From the WashingtonTimes.com:
About one in 10 employers plan to drop health coverage when key provisions of the new health care law kick in less than two years from now, according to a survey to be released Tuesday by the consulting company Deloitte.
Nine percent of companies said they expect to stop offering coverage to their workers in the next one to three years, the Wall Street Journal reported. Around 81 percent said they would continue providing benefits and 10 percent said they weren’t sure.
The companies, though, said a lot will depend on how future provisions of the law unfold, since most of the key parts are scheduled to take effect in 2014. One in three respondents said they could stop offering coverage if the law requires them to provide more generous benefits than they do now, if a tax on high-cost plans takes effect in 2018 as scheduled or if they decide it would be cheaper for them to pay the penalty for not providing insurance.
While small business don’t face fines for failing to offer coverage, companies with 50 or more full time employees face a penalty starting at $2,000 per worker.
And if the fine is less than the cost of keeping a worker on healthcare, guess what?
You WILL have your healthcare uncovered by your employer, and you WILL be kicked into the massive garbage bucket of ObakaKare. You and every welfare cheat and Free Cheeser imaginable. You are now EQUAL.
Unless you’re in your 20s and 30s, ObakaKare won’t have a thing to do with you. You’ll be nothing but a drain on its inefficient system.
Value of life? As the Brits say: ZED.
BZ
