ObamaCare

Tuesday, November 12, 2013 – 10:00 a.m.

We previously said, months ago, that the implementation of the Affordable Care Act, commonly-known as ObamaCare, would single-handedly undo democratic control of the U.S. Senate, and further expand the republican majority in the U.S. House of Representatives.

That position hasn’t changed.

Democrats are rapidly figuring this scenario out, along with the spectre that the implosion of President Obama’s namesake healthcare law, will affect the 2016 Presidential contest.

Republicans, on the other hand, have finally figured out that letting the implosion occur is the best way to illustrate to the country exactly what they’ve been saying all along.

Even Former President Bill Clinton has just come out and said that Obama must honor his committment to those who have lost, or and will lose, their health insurance coverage. A number currently estimated to be in the 5 million range and rapidly climbing, excluding covered dependents.

Obama told everyone they could keep their current coverage, and doctor, period.

Sticker Shock

The cost of the health insurance exchange premiums, and higher policy deductibles, has blindsided consumers. Out-of-pocket costs are also set to escalate.

President Obama told Americans that premieums would drop by an average of $2,500 per year. Another misleading statement that is now hitting home.

Affect on Economy

Last January, workers were pissing their pants over the payroll withholding tax increasing by just 2%. A reduction in disposable income that placed a modest drag on the economy.

Well wait until the new higher premiums and deductibles deal a blow to household expenses.

The aforementioned payroll tax increase was chump change compared to what is coming now. You don’t take this kind of money from households without consequences.

The first indicator will be Christmas retail sales numbers.

Clinton’s polite belly-aching is a sign that he, and his dear wife Hillary, are concerned this disaster will splash onto her likely 2016 candidacy.

He’s right!