7.04.2013

The Obamacare Train Wreck



Employer Mandate? Never Mind

Excerpts:


And, lo, over eight interim final rules, three final rules, 20 requests for comment, 21 proposed rules, one information collection request, two amendments to the interim final rules, six requests for information and one frequently-asked-questions document, the Administration has created an employer-mandate system that, for example, requires business to track and report every full-time employee's hours of service on a monthly basis.

... Meanwhile, the law stipulates that a full-time workweek for the purposes of the mandate is 30 hours, when general business practice is at least 35. The result is that businesses have been scrambling to insulate themselves from higher labor costs by hiring part-time workers, or splitting shifts, or in some industries like fast food even sharing workers. Small firms trying to expand while avoiding the 50-worker trigger have come to be known as 49ers.

...... ObamaCare has become a rolling "train wreck," in Senator Max Baucus's memorable phrase, and it gets worse the more of it the public sees. The employer mandate is terrible policy, as the law's critics said before it passed. Now the Administration is all but admitting it can't implement it properly, and the task for opponents is to press the concession and begin to delay the rest of the law and dismantle it piece by piece.
Comment: Charles Krauthammer calls Obamacare A Massive Transfer Of Wealth From The Young To The Old

Young people are going to be paying double and triple what [they] would ordinarily be paying in health insurance if the premium were linked to the risk, which is the way that would be for the last 600 years in insurance. But it's not; it's linked to what Nancy Pelosi and Harry Reid agreed upon as the risk ratio. So they are going to be doubling and tripling, and the free lunch part of this affair is now over.

1 comment:

  1. Young people (ages 18-29), as a group, are reaping what they have sown by voting for Obama in 2008 (66%) and 2012 (60%). He could not have won without their vote. Now they can enjoy his attack on their standard of living through Obamacare, electric power rate increases caused by Obama's war on coal and energy, massive subsidization of "alternative" energy, labor union inspired laws, and on and on.

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