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LEADING DEMOCRAT SENATOR: ObamaCare is a huge train wreck www.youtube.com
SEN. JAY ROCKEFELLER (D-WV): “I'm of the belief that the ACA is probably the most complex piece of legislation ever passed by United States Congress… it worries me, because it is so complicated. And if it isn't done right the first time, it'll just simply get worse.” (Finance Committee, U.S. Senate, Hearing, 4/19/13)
FLASHBACK: Then-Speaker Nancy Pelosi Said That ObamaCare Would Create 4 Million Jobs And 400,000 Almost Immediately. “It's about jobs. In it's life, it will create 4 million jobs – 400,000 jobs almost immediately." www.youtube.com
FLASHBACK: President Obama said health care premiums would fall 3000 percent! www.youtube.com
President Obama in 2013: There will be bumps and glitches www.youtube.com
Based on two separate analyses provided by the Congressional Budget Office (CBO) and Deloitte, as many as 20 million to 65 million Americans could lose their employer-sponsored health insurance as a result of the Democrats’ health care law. waysandmeans.house.gov
ObamaCare contains $308 billion in cuts to the Medicare Advantage program. Approximately 9 in 10 seniors will lose their retiree prescription drug coverage through their employer under the President's health care law. waysandmeans.house.gov
AP: ObamaCare Is Impeding The Ability Of Job Creators To Create Jobs www.ktvu.com
FACT: The President's Health Care Law Is Leading to Layoffs thehill.com The Federal Reserve on Wednesday released an edition of its so-called "beige book," that said the 2010 healthcare law is being cited as a reason for layoffs and a slowdown in hiring."Employers in several Districts cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff," said the March 6 beige book, which examines economic conditions across various Federal Reserve districts across the country.ADVERTISEMENTgoogletag.cmd.push(function() {googletag.display("dfp-ad-mosad_1");});That line was found in a section of the Fed's report on employment, wages and prices. That same section also said the Atlanta district noted that healthcare regulations are so burdensome there is a shortage of compliance specialists."Atlanta noted a lack of compliance specialists due to heavier regulations in the healthcare industry," it said.In a later section focusing on the Philadelphia district, the beige book said that "Health insurance costs are mixed, ranging from very high increases to no change." The Cleveland district reported that "rising health insurance premiums remain a challenge" in the manufacturing industry, and that many in the energy sector cited "rising health insurance premiums as a concern."The Atlanta district reported that higher healthcare costs "have contributed to a modest decline in consumer confidence" as it relates to consumer spending and tourism.Higher healthcare costs were also reported in the districts of Chicago, and the Kansas City district reported "changes in health care policy and fiscal uncertainty as reasons for delayed hiring."
Under President Obama, the average cost of family healthcare premiums has increased by $3,065 from $12,680 to $15,745, a 24.2 percent increase. ehbs.kff.org This annual survey of employers provides a detailed look at trends in employer-sponsored health coverage, including premiums, employee contributions, cost-sharing provisions, and other relevant information. The 2013 survey finds average family health premiums rose 4 percent in 2013, relatively modest growth by historical standards.
Beginning in 2014, Americans buying coverage on their own or as an employee of a small business – whether inside or outside the Exchange – will be forced to pay a “user fee” totaling 3.5 percent of the monthly premium to fund the bureaucratic operations of the government-run federal Exchange.
POLITICO: Small Business Employees’ Should Prepare For “Sticker Shock” As ObamaCare Is “Contributing To Double-Digit Premium Increases.” www.politico.com If you work for a small business, your next health insurance premium may give you sticker shock. Many of the small-business and individual insurance policies are working the health reform law’s 2014 fees into their 2013 bills, contributing to double-digit premium increases for some people. All those new consumer benefits packed into the health...
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