Monday, May 12, 2014

A Sort of Obamacare Update

The folks at the Heritage Foundation put together an interesting article a couple of days ago detailing 9 Obamacare predictions their experts made four years ago that have, unfortunately, come to pass.  Since I haven't updated on the Obamacare Monster in a while, I thought this would be a great way to do so.  So, as an excerpt, here are two of their successful predictions:
1. The individual mandate is an enforcement nightmare.
As a candidate, President Obama worried that an individual mandate to buy insurance would be unenforceable. He changed his mind once he became president. This year—the first year that the mandate penalties are to be imposed—he has already started backtracking on the enforcement of the provision he signed into law.
2. The law will create new disincentives to work.
Between Obamacare’s higher taxes and its subsidies that drop off if you raise your income, there’s not a lot of incentive here to work harder and better your situation.
Click here to read the other seven as well as some additional commentary.  Good stuff.