Over the next ten years, more than $500 billion would be siphoned out of Medicare and spent on ObamaCare, as ObamaCare would cause about half of all seniors with Medicare Advantage plans to lose them, would require seniors to pay higher taxes, and would reduce seniors’ access to care — while Medicare’s solvency would continue to weaken.
The Obama administration Monday unveiled a tax cut for small companies that provide health insurance, but business groups gave it a mixed review: Many small businesses won’t qualify for the tax credit, they say.
Massachusetts-like wait-times to see a doctor may become the nationwide norm under ObamaCare.
According to the CBO’s newest estimate, should Congress approve all of the additional spending called for by ObamaCare, the 10-year cost of the legislation would exceed $1 trillion – and almost all of the administration’s highly touted savings would disappear.
ObamaCare was pitched largely on the basis that, in exchange for its large price-tag, it would enable people to get out of emergency rooms and into doctors’ offices — but the people who build hospitals say the effect will be exactly the opposite, as they gear up to build more emergency rooms.
The Centers for Medicare and Medicaid Services, in an attempt to market ObamaCare to seniors post-passage, has put together a 4-page color brochure touting its supposed benefits. Senate Minority Leader Mitch McConnell says the pamphlet – which was mailed to Medicare recipients – is “nothing short of government propaganda paid for by the taxpayer.”
“The $5B allocation attached to [ObamaCare’s] High Risk Pool initiative appears to represents a number dictated more by political feasibility than a fair assessment of true program cost.”
According to a new study, ObamaCare provides disincentives for businesses to hire new workers and provides incentives to invest in capital rather than in labor — since, for example, hiring a 25th worker would cost a business $5,600, in addition to wages and benefits.
The Community Living Assistance Services and Support (CLASS) Act, buried deep within ObamaCare, is a program of front-loaded funding and back-loaded spending that even Democratic Senator Kent Conrad, an ObamaCare supporter, calls “a Ponzi scheme of the first order.” The CLASS Act is unsustainable, but it succeeded in artificially lowering ObamaCare’s cost-estimates by $70 billion. It practically invites adverse selection, and, if it were to remain on the books, it would eventually result in higher deficits, higher premiums for those enrolled, compulsory enrollment, or a combination of those three.
After hovering between 12 and 20 percent for the first two months after ObamaCare’s passage, the margin favoring repeal has now jumped to a whopping 31 percent — as 63 percent of Americans now favor repeal while only 32 percent are opposed.