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Obamacare Imploding May 5, 2013
It seems that during the [Obamacare] signup process, applicants are required to fill in various income and benefit data, which then flows over to IRS computers who then are to spit out what your premium costs will be and how much federal tax credits you’ll receive in order to receive subsidies to help you afford health care premiums that are as much as 30% more than you were paying under your employer’s plan!
Big Problem!
The IRS is only allowing somewhere around 9% subsidy support for Obamacare Healthcare Exchange premiums that are priced much higher than the worker was paying under his employer plan!
Surprise, Surprise!
(Remember Republicans warning that forcing working Americans to pay for the 30 million leaches who pay nothing for their healthcare
under Medicaid would drive the premiums of working Americans higher?)
Second Big Problem!
The IRS computers won’t mate up with the Health Care Exchange computers because the IRS computer system is obsolete!
So when workers try to sign up for Obamacare the IRS and the Health Exchanges are telling applicants to go to pound sand!
And so fireworks really broke out at the Finance Committee hearings on Obamacare yesterday afternoon. Senator Max Baucus, (Dem), said..”how could this happen?
I’m hearing from my constituents that they and their families have been left out in the cold and are without health care because the Exchanges are not accepting them!”.
Quote from Senator Bill Nelson, (Dem),Florida, “…my constituents are not going to be happy to hear this administration failed to implement the necessary changes to accommodate health care applicants…someone has to pay for this!”
Similar outrage was professed by Senator Ron Wyden (Dem) from Oregon.
Sadly, Obama Program Director for the Health care Affordability Act was on hand to lend testimony.
All he could seem to do was sympathize with his Democratic buddies, saying that maybe the problems could be ironed out by the end of 2014 but could offer no ideas about how that could be done.
An Update!
This week a Harvard economics professor came on CNBC and announced that, according to a federal study his group just completed, the Health and Human Services Secretary, Kathleen Sebelius, is going to be forced to come back to this same committee, hat in hand, and request $700 billion dollars more be allocated to Obamacare just to pay for those automatically covered under current federal programs.
Also, sadly, the Wall Street Journal reported that, in addition to the 30 million Americans not currently covered under Obamacare, we can expect tens of millions more who will be left in the “no health care Twilight Zone”; those who were doing just fine with their employee health care plan until Obamacare was implemented this year. And many of those who were working 40 hour weeks will find themselves deemed “part time employees” working less than 30 hours per week and unable to afford Obama’s premiums even if they could get through the application process.
And, as usual, while the working poor and the rapidly declining middle class will be out in the cold without any health care, the Medicaid/Welfare leaches have no worry.
They are covered by that $700 billion dollar pot of gold that Kathleen Sebelius, Secretary of Health and Human Services will be demanding from Congress soon!
Obamacare Imploding | Independent Sentinel
It seems that during the [Obamacare] signup process, applicants are required to fill in various income and benefit data, which then flows over to IRS computers who then are to spit out what your premium costs will be and how much federal tax credits you’ll receive in order to receive subsidies to help you afford health care premiums that are as much as 30% more than you were paying under your employer’s plan!
Big Problem!
The IRS is only allowing somewhere around 9% subsidy support for Obamacare Healthcare Exchange premiums that are priced much higher than the worker was paying under his employer plan!
Surprise, Surprise!
(Remember Republicans warning that forcing working Americans to pay for the 30 million leaches who pay nothing for their healthcare
under Medicaid would drive the premiums of working Americans higher?)
Second Big Problem!
The IRS computers won’t mate up with the Health Care Exchange computers because the IRS computer system is obsolete!
So when workers try to sign up for Obamacare the IRS and the Health Exchanges are telling applicants to go to pound sand!
And so fireworks really broke out at the Finance Committee hearings on Obamacare yesterday afternoon. Senator Max Baucus, (Dem), said..”how could this happen?
I’m hearing from my constituents that they and their families have been left out in the cold and are without health care because the Exchanges are not accepting them!”.
Quote from Senator Bill Nelson, (Dem),Florida, “…my constituents are not going to be happy to hear this administration failed to implement the necessary changes to accommodate health care applicants…someone has to pay for this!”
Similar outrage was professed by Senator Ron Wyden (Dem) from Oregon.
Sadly, Obama Program Director for the Health care Affordability Act was on hand to lend testimony.
All he could seem to do was sympathize with his Democratic buddies, saying that maybe the problems could be ironed out by the end of 2014 but could offer no ideas about how that could be done.
An Update!
This week a Harvard economics professor came on CNBC and announced that, according to a federal study his group just completed, the Health and Human Services Secretary, Kathleen Sebelius, is going to be forced to come back to this same committee, hat in hand, and request $700 billion dollars more be allocated to Obamacare just to pay for those automatically covered under current federal programs.
Also, sadly, the Wall Street Journal reported that, in addition to the 30 million Americans not currently covered under Obamacare, we can expect tens of millions more who will be left in the “no health care Twilight Zone”; those who were doing just fine with their employee health care plan until Obamacare was implemented this year. And many of those who were working 40 hour weeks will find themselves deemed “part time employees” working less than 30 hours per week and unable to afford Obama’s premiums even if they could get through the application process.
And, as usual, while the working poor and the rapidly declining middle class will be out in the cold without any health care, the Medicaid/Welfare leaches have no worry.
They are covered by that $700 billion dollar pot of gold that Kathleen Sebelius, Secretary of Health and Human Services will be demanding from Congress soon!
Obamacare Imploding | Independent Sentinel
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