Monday, 27 May 2013
Censored by Huffington Post - comments on the costs of Obamacare, even the UNIONS are complaining
Posted on 12:29 by Unknown
Obamacare is certainly going to be a shock, but not in the way that Paul Krugman describes it.
Premiums are expected to rise by between 30% and 100% in 2014 when Obamacare fully comes in - it varies a lot by state.
State by state expected premium rises in 2014
http://market-ticker.org/akcs-www?post=218947
Healthcare spending is expected to increase by around $300bn in 2014.
Somebody has to pay for all that extra coverage.
Just about all of it will be paid for by the middle class.
Even the UNIONS are starting to complain about it.
http://www.moneynews.com/Economy/Healthcare-Unions-Obamacare-Labor/2013/05/24/id/506184
Obamacare brings with it a large number of tax increases, mostly on products and companies.
These tax increases will be passed on by companies as increased costs to the consumer.
It is in effect a $100bn a year back door tax increase on the middle class.
The government are taking their cut of the extra $300bn to be spent on Healthcare next year.
http://www.heritage.org/research/reports/2013/05/taxes-and-health-care-law-the-irs-s-role-in-implementing-obamacare
The Affordable Care Act should be retitled the American Job Killer Act.
It is going to cost millions of American jobs over the next couple of years.
http://ian56.blogspot.co.uk/2013/01/the-affordable-care-act-should-be.html
This comment was in response to this article
http://www.huffingtonpost.com/2013/05/27/krugman-an-obamacare-shoc_n_3342093.html?utm_hp_ref=business#comments
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