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ObamaCare Train Wreck Updates

Now for some of the latest updates on this disastrous bill. The architect of the bill, Max Baucus, got it exactly right: This is a train wreck. Here's how the train is crashing this week:

Obama's decision to delay the employer mandate will cost $12 billion and leave a million fewer Americans with employer-sponsored health insurance in 2014. (Reuters)

Remember when Sarah Palin was demonized for characterizing ObamaCare's Independent Payment Advisory Board as a death panel? Turns out that she was right, according to … Howard Dean? (Washington Examiner)

Members of Congress and their staffs are now complaining about having to sign up for ObamaCare. I'm having a hard time feeling sorry for them, considering many of them likely voted for the bill. (National Review)

The Georgia Insurance Commissioner sent a letter to the Department of Health and Human Services this week stating that health insurance rates in Georgia are rising by up to 198% under ObamaCare. (Washington Free Beacon)

An editorial in the Chicago Tribune reads: “The Affordable Care Act will give companies — and, surprisingly, their workers — a big incentive to embrace more part-time employment. That isn't necessarily a problem, except when it comes to paying the health-insurance bills for all those part-timers. Looks like that job will fall to you, taxpayers.” (Chicago Tribune)

In a report from CNBC: “Working more could ultimately mean thousands of dollars less for you under a quirk in the new health-care law going into effect this fall. This could prompt some people to cut back on their hours to avoid losing money.” ObamaCare disincentives work. That will do wonders for our economy. (CNBC)

If you like your healthcare plan, you can keep it right? Small businesses may lose their ObamaCare tax credit if they keep certain health plans starting in 2014. (Weekly Standard)

Florida's insurance commissioner says that health insurance rates in his state will rise by 5 to 20 percent in the small-group market, and 30 to 40 percent in the individual market. (Palm Beach Post)

While the federal government refuses to bailout Detroit, looks like federal taxpayers will be stuck with some of the bill anyhow. In order to shirk costs, the city is looking to shift retirees into the new insurance markets that will soon be operating under ObamaCare. Who will be footing the bill for this shift to ObamaCare exchanges? You, the federal taxpayers. (Weekly Standard)







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