How the Affordable Care Act is Poised to Ruin America’s Economy
If you’re fortunate enough to have health insurance provided by your employer, you may have regarded all the news and strife over ObamaCare with little more than theoretical interest. After all, the Affordable Care Act was meant to insure Americans who would be otherwise uninsured, right? It doesn’t have anything to do with you.
Well, you may want to think again.
Prominent Republicans have called ObamaCare a job-killer, and that’s only one of the reasons this law is so bad for the country. With some of the nation’s top retailers expected to cut hours for their part-time employees, it won’t be long before we see tangible, disastrous ripples emanating from the tsunami that is Obama’s prized legacy. This is a law poised to have extraordinarily dire consequences for the nation’s economy. Here are just some of the ways you can expect to see ObamaCare hurt hard-working Americans.
Increased Identity Theft
Isn’t it ironic that liberals – always the ones who cried loudest when it came to protecting personal privacy – support a healthcare system that will almost certainly lead to a rise in identity theft? According to many antivirus experts, the online aspect of ObamaCare is fraught with security vulnerabilities. Get insurance, find a doctor, and have your identity stolen!
Loss of Insurance
Explicitly counter to its intended effects, ObamaCare caused millions of people to lose their health insurance plans. Some of these unfortunate Americans were able to find replacement plans, but many now find themselves afloat in a world where plans are far too expensive. Ohio alone has seen premiums go up a stunning 41%. Expect to see more bankruptcies as Americans are saddled with hospital bills they can’t cover.
Less Work, Less Money
If there is one thing Americans have always held dear, it is our country’s dedication to a strong work ethic. Never before have we seen a law that actually incentivizes people to find worse jobs and make less money. To qualify for Obamacare’s subsidies, a couple in California must make less than $64,000 a year. By putting these kinds of lower income incentives into the bill, you strip away the foundation of the American dream.
Don’t Count Your Lucky Stars Just Yet
Even if you have health insurance through your job, you may not be able to avoid the personal wrath of ObamaCare for long. It turns out that many employers will begin dropping sponsored health coverage because the new law makes it financially impossible to offer it. This is even more likely if you work part-time, as many of the nation’s largest employers (Home Depot and Trader Joe’s among them) have announced plans to drop health coverage for part-time employees.
If there is a silver lining to this very dark cloud, it is that even liberals are beginning to acknowledge the failure of Obama’s most prominent “hope” and “change.” The law is experiencing tremendous unpopularity on both sides of the political debate, meaning it may be headed for repeal in the next few years. Unfortunately, the damage done in the meantime will come with a hefty price tag.