Worst Week in Washington: Obamacare
The president sold his health care reforms with three key promises: health care premiums would decrease by $2,500 per family; if you like your current plan, you can keep it; and, small business tax credits would encourage employers to provide coverage. An annual survey released by the Kaiser Family Foundation reveals that by the president's own standards, the health care law is a failure.--
Broken Promise #1: "Bring down premiums by $2,500 for the typical family."--
Eighteen months after the reforms became law, not only did Obamacare fail to decrease premiums as promised, it actually makes matters worse. The survey released today reveals family premiums have increased by 9 percent. The Kaiser Family Foundation puts these numbers into perspective: "Premiums increased significantly faster than workers' wages (2.1 percent) and general inflation (3.2 percent)."
Broken Promise #2: "If you like your current plan, you will be able to keep it."
For many Americans, even if they can afford their current plan, they will not be able to keep it. The survey found only 56 percent of employees' current plans are preserved by the law's "grandfathered protection." Why not more? The survey says, "numerous firms responded that being grandfathered was administratively difficult or that being grandfathered would limit the firm's flexibility in the future."
Broken Promise #3: "With that savings, employers may be able to cover an additional worker or hire that extra employee they've needed."
The temporary tax credit is not convincing the majority of small businesses to provide coverage. The survey explains only "Fifteen percent of non-offering small firms (3 to 49 employees) considered health insurance because of the tax credit."