Health care woes persist
The Affordable Care Act – known popularly as Obamacare – always was a train wreck about to happen. Already the law has jumped the tracks.
The Obama administration announced recently it will delay, for one year, a requirement that businesses provide health care insurance. No one – not the business community and not federal regulators – is ready to implement the rule.
But if Obama is going to give businesses a break, what about individuals and families? As matters stand, all Americans will have to comply with the federal mandate that they obtain government-approved health insurance. That begins Jan. 1.
Those who do not comply face penalties – new taxes, really, as the U.S. Supreme Court has ruled – of as much as $2,000 a year. And given the one-year exemption for businesses, it will be more difficult for millions of people to comply with the individual mandate.
If Obamacare is implemented, tens of millions of Americans will pay more for health care.