Friday, January 3, 2014
We are in the "honeymoon" phase of Obamacare - the phase where you find out how badly you are getting screwed.
Recent news reports are revealing that Obama has made several "tweaks" to the "law". He has single-handedly postponed deadlines, suspended implementations, and reversed mandates originally imposed by the "law" on insurance companies and employers.
Ordinarily, a law is a statement of "thou shalts" or "thou shalt nots" -- maybe a few pages. Obaminacare is not like a typical "law", rather it is a huge, 14,000-page, administrative machine. As such, it can be rather easily tweaked by an autocratic executive branch. The problem is - whether the congressmen read it or not (NOT!!), it was still (technically) passed into law (and upheld by the SCOTUS).
What has some people's knickers in a twist is the fact that, since it is a "law", Obama must not capriciously "tweak" parts of it without violating the Constitution. Congress is the only body that can lawfully "amend" the law. Obama is a crook.
From a bigger picture viewpoint, I have this second observation. A prominent U.S. economist reported in this week's news that he and his colleagues have been conducting a 25-year study of the income trends among the middle class. The study shows that middle-class families' incomes have remained "flat" for 25 years (while the affluent have become significantly richer). This bolsters Obama's lament over "income inequality". It also contradicts the theories of "trickle-down" economics. The economist didn't really try to answer the question of whether private industries or government should do the heavy-lifting to bring about change and a better outlook for the the middle class. He did say that the government should still try to do something. I agree in some ways - I think it should STOP doing things.
So when I look at Obaminacare, I see this - millions more poor people have been added to the Medicaid rolls. The rich will presumably still be able to get the health care to which they have grown accustomed. Insurance companies will have to pay out more money, and now that they have individual state market monopolies (and the promise of a federal bailout if they lose money), they have the green light to jack up premiums ad libitum. What does this mean for you and me? It means that the $750 I pay each month for family health insurance will probably double in the next two years. This huge (virtually unbearable) increase will affect whom the worst?
THE MIDDLE CLASS !!!!!!!!!!!!!!!!!
It's an Obacle.
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