Monday, February 16, 2015 – 11:00 a.m.
It looks as if Congressional Democrats have figured out what we’ve been saying here for over a year.
The Affordable Care Act, also lovingly referred to as Obamacare, will lead to their continued undoing.
While everyone is still waiting for their $2,500 of in-your-pocket savings, Democrats in Congress want relief from penalties for Americans who still don’t have insurance.
Remember House Minority Leader Nancy Pelosi saying We need to pass the bill so we can find out what’s in it, way from the fog”?
Apparently the only fog rolling in was inside Pelosi’s head.
The new numbers following yesterday’s open enrollment deadline are dismal. Now democrats, fearing a massive group of Americans will be subjected to larger penalties next year, want the penalties waived. Penalties that, next year, will be large enough to wipe-out half or more of income tax refunds.
What a shock!
It doesn’t take a rocket scientist to figure out that the cheapest “Bronze” plans provide little coverage, unless it’s a catastrophic medical event. The deductibles and maximum out-of-pocket costs, in order for coverage to kick-in, are way too high.
The government could hand the “Bronze” plans out for free, and still few would be helped. To obtain some semblance of coverage, a person would need a “Gold” or “Platinum” plan.
But those plans are too expensive, even with the full subsidies.
About 4 million will see penalties as high as $1,150 next year. Another 30 million-plus, without coverage, will be given waivers.
In 2016, Republicans can once again point to Democrats and tell voters to blame them for the latest wrinkle in the healthcare law that is costing them anew.
It’s absolutely astounding how little Democrats, years later, really know about what they voted for.
It also won’t be long before Hillary Rodham Clinton comes out and demands changes in the law. The egg timer is running on that one!