Posted on 02/05/2013 12:16:07 PM PST by illiac
President Obama's health care law will push 7 million people out of their job-based insurance coverage — nearly twice the previous estimate, according to the latest estimates from the Congressional Budget Office released Tuesday.
CBO said that this year's tax cuts have changed the incentives for businesses and made it less attractive to pay for insurance, meaning fewer will decide to do so. Instead, they'll choose to pay a penalty to the government, totaling $13 billion in higher fees over the next decade.
But the non-partisan agency also expects fewer people to have to pay individual penalties to the IRS than it earlier projects, because of a better method for calculating incomes that found more people will be exempt.
Overall, the new health provisions are expected to cost the government $1.165 trillion over the next decade — the same as last year's projection.
(Excerpt) Read more at washingtontimes.com ...
Like everything else, it will be explained fully as “totally unexpected”.
The political class, most likely.....................
Notice the noise the e-pubs are making? Chirping like crickets.
Exactly...they are trying to replace the money they stole from our senior citizens through the social security ponzi scheme.
This is why both parties want to allow 20 million more illegals in so they can tax them as well.
Remember it started at 1% then went to 7%, then became taxable, then your generation paid for the generation before you.
Now they are hosed and they don’t have the money...it was stolen through appropriations.
Governments do not produce ... they can only tax....so now we all have to pay the money back into the system that they stole over the years so we get things like mandatory insurance and massive amnesty programs
Prediction: Obamacare will not be repealed.
Yup good post
A pretty good deal...if you're the government. Free money!
It is against the law. But you need someone on the SC whose name isn’t Roberts.
Cubans, and Nigerians and El Salvador, etc. All hospitals will become mirrors of the VA.
I’m with you!
But hang around to see the looks on the faces when the healthcare workers who voted for _______ will be working for the government at extremely reduces wages. And they’ll see their parents and grandparents being sent home to die.
get used to it.....its over....its just all over...
try to stay healthy....for me and others, I've got to trim the pounds...exercize more...eat better ....because we're being thrown to the wolves no question about it...
Over 300 people in the company I work for (including myself) lost our health care plans last week because of this new free system.
No, sorry, close but no cigar.
More like, "I got my healthcare from Obama! I got my free **** from Obama, he Santa Claus! Free ice cream!"
There's your low-information angle on it.
Howell Raines made that call in 2008, the fix was in even before the election. That's why John Boehner refused to listen to the Tea Party people or give Michele Bachmann a leadership post even though she and Sarah Palin had handed him the Speaker's gavel in 2011 .....
The Business Roundtable and the Chamber want employment-based health insurance to go away, period, and Boehner is obeying them. Obama's the fall guy, but they'll all benefit.
That's what Raines said in October, 2008, and it's all coming true. As for Boehner .... he won't have any health insurance problems. He's all right, Jack, he and all the rest of those creatures up in DC.
Oh, yes. We do have to claim him. Ugh. What a shame. He was a decent guy for a long time, but in the end, the Democrat came out.
Many of the “new jobs created” are due to companies gradually laying off full time employees and replacing them with part-timers.
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