FLEMING HEALTH CARE REPEAL UPDATE ~ The New Health Care Reform Law One Year Later and Getting Worse by the Day

~ The Rebel ~ 2011/03/23 23:48:25

Today, on the one year anniversary since government-approved health care was signed into law, a look at the implementation of the new health care reform reveals how the legislation has failed to deliver on costs, premiums, spending, and preserving Americans’ existing coverage:

19 — States where parents can no longer buy child-only insurance policies as a result of the law

30 — States suing to block the law from taking effect, or requesting waivers from its requirements

51 — Percentage of American workers who will lose their current health coverage by 2013, according to the Administration’s own estimates

1,270 — New bureaucrats requested by the Internal Revenue Service to implement the law this year

$2,100 — Increase in individual insurance premiums due to Obamacare, according to the Congressional Budget Office

$2,500 — Premium reduction promised by candidate Obama “by the end of my first term as President”

6,578 — Pages of new regulations issued implementing Obamacare through March 14, 2011

800,000 — Reduction in the American labor force due to Obamacare provisions that “will effectively increase marginal tax rates, which will also discourage work,” according to the CBO

2,624,720 — Total individuals in 1,040 plans granted waivers thus far exempting them from the law’s insurance mandates; nearly half of whom participate in union plans

7,400,000 — Reduction in Medicare Advantage enrollment as a result of Obamacare, resulting in a loss of choice for seniors and millions of beneficiaries losing their current health plan

40,000,000 — Firms subject to the health law’s new 1099 reporting requirements, which the National Federation of Independent Business called a “tremendous new paperwork compliance burden”

$118,000,000,000 — New costs imposed on states to implement Obamacare—budgetary costs that will lead to reduced services for other state programs like education or to higher state taxes

$310,800,000,000 — Projected increase in health costs due to Obamacare, according to the independent Medicare actuary, who called its promise of lower costs “false, more so than true”

$552,200,000,000 — Amount of higher taxes Americans will pay if Obamacare remains in place

$1,390,000,000,000 Federal spending on new entitlements during fiscal years 2012-2021 according to the CBO, a 48 percent increase from an earlier estimate

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  • j2 2011/03/24 03:11:00
    I'm not at all surprised. As a small business owner, I looked at what a mandated health care bill was likely to do the the economy and it wasn't pretty.

    It's amazing that about 30% of the population still thinks this bill is helping the economy. If this doesn't get fixed, we're really going to be in trouble by next year.
  • ~ The Rebel ~ 2011/03/23 23:51:04
    ~ The Rebel ~
    Any more questions about what it's doing to this country???

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