The consequences of Obamacare are now beginning to become facts instead of predictions. Obama railed against opponents of his health care plan, accusing them of distortions and lies. Now, those “distortions and lies” are coming true and Obama is the one looking like the deceiver.
Obamacare regulations preventing insurance companies from denying coverage of children with pre-existing health problems are now resulting in at least half a million children not getting coverage at all. Major health insurance companies are beginning to stop offering child-only policies to get around the rule which they find to be economically unacceptable.
Forcing insurance companies to cover client’s children to the age of 26 is also an economical hit. The only way they can cover these additional costs is to raise premiums. This, too, goes against the selling point of Obamacare that premiums would go down. Increases of 1 to 9 percent in premiums are already beginning to take effect.
Obama promised that we could keep the insurance we have if we wished. That, too, is a hollow promise. In order to follow the new regulations, many companies will be forced into more expensive health care packages, passing those new plans and costs onto employees. Some companies will discontinue offering health care plans entirely, choosing to pay fines for doing so that end up costing them less than the insurance plans.
Seasonal employers will now be faced with paying fines, cutting hours, or hiring fewer employees in order to comply with Obamacare rules. Small businesses are being forced to file 1099 tax forms for every vendor they purchase more than $600 worth of goods from in a year. These burdens do nothing to help small businesses, but they result in the hiring of 16,000 new IRS agents to handle the enforcement of Obamacare fines.
We have all been told that when something sounds too good to be true, it’s because it isn’t true. Obamacare is a perfect example of this and we are all going to pay dearly for having this rammed down our throats.
David J. Hentosh