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Can you believe it's been 5 long years since Obamacare went into effect?
Can you believe there are still deluded people out there who like Obamacare?
Not for long. The pain, it is coming.
Half of the households that received subsidies to help pay health insurance premiums last year under the Affordable Care Act will probably have to repay some of that money to the federal government, according to a new analysis by the Kaiser Family Foundation.
Taxpayers generally receive subsidies in advance, with the amount based on their projected household income for the year the insurance policy will be in effect. But they must then reconcile the estimate with their actual income when filing federal taxes. Kaiser estimated that subsidy recipients who underestimated their incomes will owe $794 on average.
There goes your refund. Please make your check payable to
America Ready For Hillary and don't forget to mail it in by April
Speaking of pain, small business is bearing the brunt of Obamacare's onerous record-keeping requirements.
Complying with the health care law is costing small businesses thousands of dollars that they didn't have to spend before the new regulations went into effect.
Brad Mete estimates his staffing company, Affinity Resources, will spend $100,000 this year on record-keeping and filing documents with the government. He's hired two extra staffers and is spending more on services from its human resources provider.
The Affordable Care Act, which as of next Jan. 1 applies to all companies with 50 or more workers, requires owners to track staffers' hours, absences and how much they spend on health insurance. Many small businesses don't have the human resources departments or computer systems that large companies have, making it harder to handle the paperwork. On average, complying with the law costs small businesses more than $15,000 a year, according to a survey released a year ago by the National Business Association.
"It's a horrible hassle," says Mete, managing partner of the Miami-based company.
That's $15,000 the business can't spend on raises, or expansion, or supplies. It's wasted, a lost opportunity really, dragging our economy down.
But don't take my word for it. Listen to Senate Democrats.
A group of Democratic senators is urging the Obama administration to delay a key portion of Obamacare because the results could be "harmful and disruptive."
The letter was signed by Democratic Sens. Claire McCaskill, Heidi Heitkamp, Chris Coons, Joe Manchin, Joe Donnelly and Jon Tester and independent Sen. Angus King, who caucuses with the Democrats.
"We are writing to share our concerns regarding scheduled changes to the definition of the small group market under the Affordable Care Act (ACA)," the senators wrote in the letter, dated March 12.
"Under the law, employers with 51 to 100 employees will be included in the ACA's definition of small group market starting in 2016. Instead of providing stability, we believe expanding the definition will force those historically defined 'large group plans' into the 'small group market,' where they could experience higher premiums, less flexibility, and new barriers to coverage. We therefore encourage you to delay the effective date in the definition change for two years so the market can more smoothly transition to the new rules."
Wait, I thought Obamacare was working swimmingly and all the kinks were worked out! How can these senators say it causes "higher premiums, less flexibility, and new barriers to coverage?"
Because the small group marketplace (aka SHOP) still isn't built, that's why. It's 2 years behind schedule. And I'll know you'll find this hard to believe, but it's actually more of a trainwreck than the original Obamacare web site.
As a guy who's already stuck in the hell that is Obamacare's small business marketplace, let me tell you, it's worse than you can imagine. Choices? Yeah, we have "choices." Between Expensive, Ridiculously Expensive, and Donald Trump Couldn't Afford This Plan. We liked our insurance. We didn't get to keep our insurance. And our employees are not happy. Not one bit.
Just wait until thousands and thousands more hapless schmucks are subjected to the same fate. No wonder these senators are worried, people who are pissed off at Obamacare might not vote for HillBillary. They might even decide to put that Ted Cruz feller into the White House. And then where would progressivism be?
Obamacare, it's so great they have to force you to buy it, and then they have to
keep postponing the really scary parts so they can retain their hold on power.
No wonder it's so popular!
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