It seems that every time I turn around, Obamacare is making news again, from restaurants cutting worker’s hours and laying employees off, to medical device manufacturers raising costs to cover the new taxes, to major corporations and campaign donors getting exemptions to Obamacare.
According to the Washington Times, the Congressional Budget Office is now estimating that an additional 7 million will be thrown out of their employer provided health insurance, nearly double the original estimate. Why? The tax cuts this year make it less attractive for businesses to provide health insurance. They will choose to pay the penalty instead.
The CBO also says that fewer individuals will have to pay the penalty because of a new way they calculate incomes, meaning more people will be exempt. Will they be exempt because of the calculations, or because more people will be around the poverty line?
Meanwhile, according to the Republican Senate Budget Committee, the “path to citizenship” proposed by the Senate could cause Obamacare costs to the Federal government to rise by between $120 and $200 billion over the next decade. If the provision capping total Federal spending were to fall, it could increase costs by as much as $300 billion.
If the capping provision is sustained, and millions of illegal immigrants are suddenly eligible for Obamacare, the benefit for citizens could be cut by as much as $1100 annually to make room for all of these people.
I’ve always said that Obamacare was for the illegal aliens, and not us.