Thursday, January 2, 2014

Uh Oh Obamacare

Today is the first official workday of the new year. Hope you had a great celebration ushering the year in, now let's get to work.

Obamacare has also officially begun yesterday and it seems that Obama has to finish making changes to it so we can know what's in it. About 6 million people lost their coverage, and 2 million people have signed on and put themselves in a position to be covered, but it isn't yet clear whether or not they are actually covered. Now Obama wants to refer to his signature bill as the Affordable Care Act (see oxymoron) and stop calling it Obamacare, I think he knows just how affordable and effective this law is. 

Peter Morici of the University of Maryland believes Obamacare will hurt the economy. The taxes on health items and the costs of policies will hurt us. Premiums that were supposed to save us $2500 per year on average, is a Choom pipe-dream; cost has gone up. According to Morici, Obamacare has created "little monopolies in this country, and this is going to hurt small business." The deductibles will slaughter us and if the cost of healthcare, he says, is greater than 10 percent, then our lifestyles just to pay for it will be altered to the point that people will not be able to afford to go on vacations, pay for their child's college, and where the deductible is so high, for many it will be the same as not having insurance at all.

But we shall see what Obamacare will bring us. Oh, and calling it Obamacare is not racist. It's simply giving credit where credit is due.

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