“Obamacare’s Failed First Year”

23 Mar

Hey, did you know that this week marked the one year anniversary of Obamacare passing?!  I wonder why Obama, Democrats and the liberal media didn’t make much noise about their great accomplishment?  Weird.  Maybe they are just busy and forgot.  The Heritage Foundation has a great piece on “Obamacare’s Failed First Year,” where they state:

“The reason why President Obama and his liberal allies have failed to turn public opinion around is simple: The major claims made by the President in the effort to pass Obamacare have all been exposed as frauds, and the early implementation by his Administration has been a complete disaster.

Center for Policy Innovation Senior Fellow and Why Obamacare is Wrong for America co-author Bob Moffit details just some of the Obamacare claims that have been exposed as fictions:

  • “Obamacare will bend the cost curve downward.” Not according to the Centers for Medicare and Medicaid Services (CMS), whose April 22, 2010, report shows Obamacare adding more than $310 billion more in health care spending;
  • “People who like their health plan can keep it.” Not according to CMS, which estimates that 14 million Americans will lose their current coverage if Obamacare is not repealed;
  • “The middle class will not see tax increases.” Yes, they will. In fact, most of Obamacare’s tax increases hit the middle class.”

An Indiana franchisee of IHOP explains that the costs (of Obamacare) will outstrip profits per employee, which means layoffs, cutting benefits, and an end to expansion plans:

 

 

Looks like Starbucks’ CEO is having second thoughts too.

 

 

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