The Washington Times reports.
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.
With other spending cuts and tax increases called for in the health law, though, CBO still says Mr. Obama’s signature achievement will reduce budget deficits in the short term.
During the health care debate Mr. Obama had said individuals would be able to keep their plans.
Obama said one thing, and something else happened. So why did an obvious liar win re-election in 2012?
The purpose of Democrat policies is not to make our lives better. The purpose of their policies is to make them feel good about themselves. Their good intentions matter more than actual results. But it’s not enough to say that everyone will have great health care. Politicians have to put in place policies that will solve the real problem and make things better. Nothing that Obama did solves the problem. In fact, what he did made the problem worse. That’s what happens when you appoint an imbecile to a difficult task. You get failure.