**By MONEY MORNING STAFF REPORTS
If current trends continue, Obamacare will go down as one of the biggest mistakes in our government’s history.
Of the many Obamacare lies, the biggest fallacy was that “If you like your plan can keep your plan.”
Corporations from GE, IBM, to Time Warner have said they will stop providing insurance for hundreds of thousands of employees. Already, over 4.5 million Americans have received cancellation letters because of Obamacare and it’s estimated that one-third of all U.S. employers could stop offering health insurance to their workers.
Others who still receive healthcare through their employer might have thought they were safe from the law, but starting in 2014-2015-2016 they will feel Obamacare’s wrath, if they haven’t already.
(Many of the most onerous parts of Obamacare have recently been postponed until after the 2014 and 2016 elections. safeguarding the votes of progressive democrats. Who will go back to voting with Harry Reed and Nancy Pelosi as soon as their seats in government are assured.)
And don’t forget, healthcare was supposed to be “affordable for all.” But experts are now predicting premiums could rise up to 413% for some individuals.
Millions of other Americans are finding out that the many Obamacare taxes don’t just hurt those making over $250,000.
Worse, the federal subsidies provided to lower-income individuals under Obamacare won’t provide enough financial assistance for some consumers and***the burden of paying for these subsidies ultimately falls on middle class Americans, who will suffer most under the law. (We told you so)
The government program officially known as the Patient Protection and Affordable Care Act is quickly becoming a house of lies.
Even staunch liberal Michael Moore declared, “Obamacare is awful” in a New York Times op-ed.”For many people, the ‘affordable’ part of the Affordable Care Act risks being a cruel joke,” he wrote. “The cheapest plan available to a 60-year-old couple making $65,000 a year in Hartford, Conn., will cost $11,800 in annual premiums. And their deductible will be $12,600. If both become seriously ill, they might have to pay almost $25,000 in a single year.” (Redistribution ?)
Americans are taking notice of the disastrous plan. Obamacare’s approval rating recently hit an all-time low of 35%.
Perhaps the most ominous sign about Obamacare’s future is that doctors are among the biggest Obamacare critics.
Besides the taxes and higher costs, doctors are worried that Obamacare will result in poor patient care.
A recent study by the prestigious Doctor Patient Medical Association revealed that an astounding 90% of doctors feel that the U.S. health care system is heading in the wrong direction.
In 2010, the American Medical Association lost over 215,000 members just because they didn’t agree with Obamacare. (Obama cares less. I believe progressive immigration will bring to the U.S thousands of doctors from 3rd world countries like India, Pakistan even Iran)
The Association of American Medical Colleges predicts a shortage of 160,000 doctors by 2025, and applications for medical programs are already down 6%.
A poll from The Doctors Company revealed 60% of doctors said Obamacare will have a negative impact on patient care. And another poll done by Jackson & Coker in 2012 showed that 55% of doctors surveyed would repeal and replace Obamacare.
Add it all up and there’s going to be a detrimental shift in how you interact with your physicians.
(How about the sur charge on floridians restaurant bills? !!!!!)
**Money Morning Staff Reports
Obamacare Tax Hikes Stoke Outrage Many of the Obamacare taxes are already in effect, others will hit after elections.. But they are already infuriating millions of Americans.
While even Obamacare detractors applaud the requirement that insurance companies cover pre-existing conditions and put a stop to lifetime caps on benefits, they say these laudable benefits(the cheese) don’t compensate for the bills high cost – especially in new taxes.(the trap comes later)
According to most experts, Obamacare will create a total of twenty new taxes or tax hikes on the American people.
In fact, the Obama administration has already given the IRS an extra $500 million to enforce the rules and regulations of Obamacare.
The new taxes don’t bode well for millions of middle-class Americans. Incomes for the rich have soared this decade but middle class workers have seen their wages stagnate and even drop since the 2008 Recession.
Many fear Obamacare with its high insurance costs and new taxes, could provide the middle class a fatal blow.
(Parenthesis added – my take jj )
Senior Citizens Public Square 