Tuesday, February 17, 2015

As Public Sours, ObamaCare Faces An Uncertain Future

In a few weeks, ObamaCare's second open enrollment season will close. Unfortunately for the president, the law may not live to see a third open enrollment — thanks to an increasingly hostile public and a case before the Supreme Court that could render a major part of the law unconstitutional.
According to Gallup, public approval of ObamaCare dropped to a record low of 37% at the end of 2014. The latest RealClearPolitics average of polls shows that 51% of Americans oppose the law.
That shouldn't be a surprise. For a full year, individuals have had to deal with canceled plans, premium shocks, higher deductibles and narrow networks of health care providers — all thanks to ObamaCare.
Forty-six percent of Americans now describe health costs as a "hardship," up from 36% in 2013.
Those who purchased coverage through ObamaCare's exchanges will get a lot more ornery come tax time this spring. They'll have to fill out a new and extraordinarily complicated form — the instruction booklet runs 21 pages — that directs them to do things like "add allocated amounts across all allocated policies with amounts for non-allocated policies from Forms 1095-A, if any, to compute a combined total for each month."
After enduring this nightmare, about 3.4 million people — roughly half of those who received government subsidies to purchase insurance in the exchanges last year — will have to pay back part of those subsidies because they misreported their incomes, according to tax preparer H&R Block.
Business owners have grown disgruntled, too. Forty-two percent of small businesses report that they've experienced double-digit increases in the cost of health care in the past year. As a result, 37% have delayed investment; 26% have frozen or cut wages.
Read the rest of the story HERE.

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