The Hidden Impact of Obamacare and the Economy

The Fiscal Times ^ | December 22, 2013 | Jacqueline Leo

[LucianOfSamasota]

Obamacare has delivered another sucker punch to the middle class. This time it’s sticker shock.

Now that a few people can get past the tech problems of HealthCare.gov and actually see the real cost of insurance plans available, they are finding that Affordable Care is big hit to the family budget. And when the family budget gets hit in the solar plexus, guess what happens to consumer spending and the economy.

In California, policies for about 900,000 Californians are being canceled because of Obamacare’s mandates and about 2/3rd of these do not qualify for subsidies, according to The Chicago Tribune. The result—these folks will be paying higher premiums.

In Alabama, premiums have doubled for some middle class families like Courtney Long, a stay-at-home mother of four. She told WHNT News. “It’s devastating. I started crying,” said Long. “I mean, we have worked so hard to get out of credit card debt, get ahead on the car loan, transfer our mortgage to a 15 from a 30 year mortgage… and for what?”

[kearnyirish2]

The Supreme Court determined this was a tax; why do these people seem surprised that taxes aremeant to be paid?

The media is doing a good job keeping this out of the headlines; I’m sure they know what would happen in the mid-terms. These ObamaCare misery stories have to be circulated far & wide to have any effect; the networks certainly won’t air them.