Saturday, July 6, 2013

How much is the Obamacare Mandate Delay costing the American Taxpayers?....A lot more than money

The government’s treasury will lose $10 billion because of the White House’s decision to not enforce the employer portion of its hard-won Obamacare law, according to the Congressional Budget Office report. 
The decision will also drop a $2,000 penalty for every employee they dump into the taxpayer-funded Obamacare system, according to Chris Jacobs, a senior policy analyst at the conservative Heritage Foundation. 
The White House’s decision to delay the penalties “is a way for firms to privatize gains and socialize losses,” said Jacobs. “What you’re doing is giving the business community carte blanche here,” he said. 
If many companies begin dumping patients, the cost to taxpayers could reach $1 trillion over 10 years, he said. 
Companies will get this opportunity to dump patients if the government-subsidized health-care exchanges open in October, as scheduled, he said. 
News reports say cities have already started to dump their retirees into the taxpayer funded system, Jacobs said. Detroit is trying to save itself $150 million per year by dumping retirees, he said. 
In May, the CBO report predicted the government would get $10 billion in fiscal year 2015 from penalties assessed in 2014 on companies that don’t provide health-care insurance to their employees.
Read the rest HERE.

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1 comment:

BOSMAN said...

This is all about 2014 elections and ZERO about giving businesses a break. Anyone who thinks otherwise is a fool