Thursday, November 21, 2013

This law, no matter how many ways they try to spin it, amend it, backdoor it, or whatever - is going to deal a death blow to our economy & there's no 2 ways about it. The (unconstitutional) delay of the employer mandate put things off some, but at the end of the day this cocktail...

- Employers forced to provide full time employees with the new coverage requirements will find the costs unabsorbable, just like individuals are right now, and will eliminate virtually all or as many full-timers as possible.

- Individuals will no longer have coverage thru their employers, as most currently do. ...

- Those with individual plans will be cancelled, as many already have been; the rest soon will be. EVERYONE will be getting cancelled. The admin knew this & lied about it.

- Those who have been cancelled & then seek to replace their coverage (b/c having coverage is now THE LAW) find new plans unaffordable. Jumping from $250 a month to $610 (new averages for a healthy, 35 y/o male) is simply undoable for most. Providing the same level of coverage they used to for the same amount of money is something the insurance companies can no longer do, b/c of all the new requirements of the new law.

- These people will opt to pay the federal penalty rather than bankrupt themselves. Thus they will not be contributing to the assumed money pool.

...will balloon the cost of this thing --which has already been revised upwardly 3x to $1.3T-- to quadruple that. America, already on the super-highway to national insolvency, has just pressed the "turbo" button.

This cartoon is 1,000% accurate.
 
This law, no matter how many ways they try to spin it, amend it, backdoor it, or whatever - is going to deal a death blow to our economy & there's no 2 ways about it. The (unconstitutional) delay of the employer mandate put things off some, but at the end of the day this cocktail...

- Employers forced to provide full time employees with the new coverage requirements will find the costs unabsorbable, just like individuals are right now, and will eliminate virtually all or as many full-timers as possible.

- Individuals will no longer have coverage thru their employers, as most currently do. 

- Those with individual plans will be cancelled, as many already have been; the rest soon will be. EVERYONE will be getting cancelled. The admin knew this & lied about it.

- Those who have been cancelled & then seek to replace their coverage (b/c having coverage is now THE LAW) find new plans unaffordable. Jumping from $250 a month to $610 (new averages for a healthy, 35 y/o male) is simply undoable for most. Providing the same level of coverage they used to for the same amount of money is something the insurance companies can no longer do, b/c of all the new requirements of the new law.

- These people will opt to pay the federal penalty rather than bankrupt themselves. Thus they will not be contributing to the assumed money pool.

...will balloon the cost of this thing --which has already been revised upwardly 3x to $1.3T-- to quadruple that. America, already on the super-highway to national insolvency, has just pressed the "turbo" button. 

This cartoon is 1,000% accurate.
 

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