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HAS THE TRAIN WRECK BEGUN? CRITICAL OBAMACARE MANDATE PUT ON HOLD FOR A YEAR - GOP SAYS: “SCRAP IT ALL!”

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he massively unpopular PPACA, more widely known as Obamacare may have begun to unwind. The Obama regime announced on July 1 that the ACA’s requirement that employers with greater than 50 employees offer health insurance or face stiff tax penalties is to be delayed one year.

wel,” House Speaker John Boehner said. “This is a clear acknowledgment that the law is unworkable, and it underscores the need to repeal the law and replace it with effective, patientcentered reforms.” One advocacy group, the American

“The president’s healthcare law is already raising costs and costing jobs. This announcement means even the Obama administration knows the ‘train wreck is coming and will only get worse. I hope the administration recognizes the need to release American families from the mandates of this law as www.underwritersinsider.com

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Action Forum, claims that Obamacare has cost a total of almost $31 billion and 112 million man-hours to date. Almost 56,000 new employees, laboring 2,000 hours per year would be required to process all the paperwork generated under the act once implemented. According to Rep. Bill Cassidy of (RLA), “This delay in implementing the employer mandate acknowledges this while encouraging employers to drop insurance coverage for their employees. Taxpayers will pay more and deficits will increase. We must replace Obamacare with patient-centered reforms that expand healthcare access without destroying jobs.” 7

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The Underwriter's Insider July 2013  

America's Largest Exclusively Online Insurance Magazine! Stay informed and entertained with the Insider's coverage of insurance, politics,...

The Underwriter's Insider July 2013  

America's Largest Exclusively Online Insurance Magazine! Stay informed and entertained with the Insider's coverage of insurance, politics,...

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