Case in point: it was intended to ensure everyone had health insurance. Sounds wonderful, right? Well, the problem is that the CBO (Congressional Budget Office) has projected that persons without insurance may actually go up, not down.
Here is essentially what is happening. As businesses are being mandated to cover part of any full time employee’s health insurance, they are cutting people back in hours so they don’t meet full time requirements. This is especially true since insurance rates are increasing. The business just can’t afford to take the hit.
Now, there is also the fact that individuals who once had health insurance through their employers that have it cut, they still have to get it according to the individual mandate, or else they will be fined by the IRS.
The problem is, their wages haven’t matched the new bill they now have to pay, so they either suffer with less money and buy insurance, or they don’t buy insurance and then suffer with less money. It’s lose, lose for those individuals.
They also do not qualify for any assistance like Medicare. Why? Because they are over the income threshold. That doesn’t make buying their own insurance any more affordable for them. They will literally be left with less money, no matter what road they choose.
This is just one of the many reasons I will never support this, and want it fully repealed. It is not good for the American people.