Last week was the anniversary of the signing of the President’s takeover of America’s health care system. The Patient Protection and Affordable Care Act, or as it is more commonly known "Obamacare", was supposed to reduce costs, provide better access to health care, and create jobs. The President even said "if you like your health care plan, you can keep your health care plan."As NJECPAC had warned, Just one year after being signed into law, the cost of Obamacare has soared. The Congressional Budget Office (CBO) now estimates that the cost of Obamacare has increased by over $500 billion, added to the original $938 billion, brings the price tag to a staggering $1.445 trillion.
The President also promised that once fully implemented the cost of the overhaul would cost no more than $65 billion a year. Now the cost is estimated to be three times that. the cost of Medicare is expected to double virtually bankrupting the systems trust fund by 2020. One year later, the law is actually stifling job creation, increasing the costs for all taxpayers, businesses, and states, has placed massive new paperwork requirements on Businesses and there have been over 1040 special waivers representing 2.6 million people just to allow them to keep their current plans.”
Now dont get us wrong, there are what can be viewed as a few good provisions contained in the law. However, exactly as the NJECPAC Board of Governors warned our Congressmen and Senators when they met with them in Washington, every one of those provisions increases costs to Employers, their Employees and Taxpayers. Which only serves to prove that there is no such thing as a free ride.
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