Posted on 11/14/2011 8:38:43 AM PST by Driftwood1
ObamaCare has yet to be fully implemented, yet small businesses and families are already taking an economic hit from it, says Karen Harned, executive director of the National Federation of Independent Business Small Business Legal Center.
Before the ink was dry on the Patient Protection and Affordable Care Act (aka ObamaCare), the wheels started to fall off. Lawsuits were immediately filed challenging the constitutionality of the individual mandate, small businesses wanted the burdensome 1099 requirement immediately repealed, and coalitions were formed to overturn other costly provisions of the law.
In the past few months, the Health and Human Services Department, which oversees the implementation of ObamaCare, joined in by announcing they are dropping the Community Living Assistance Services and Supports (CLASS) Act from the law because it’s unsustainable.
But that’s only the beginning. Small businesses and families are already taking an economic hit from the law, and it has yet to be fully implemented. Health insurance premiums are up 9% from last year according to the Kaiser Family Foundation’s 2011 Employer Health Benefits Survey. And our own survey of small businesses revealed that 1 in 8 small employers have either had their health insurance plans terminated or have been told their plan won’t be available in the future.
The health care law is no economic stimulus. Rather, it is a serious impediment to economic and job growth for the entire country.
(Excerpt) Read more at forbes.com ...
Could be the start of the Second Revolution.
The gov’t should just buy us all plane tickets to Havana.
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