Betsy McCaughey, former lieutenant governor of New York and the author of “Beating Obamacare,” writes “Obamacare is collapsing,” and explains one of the chief reasons why — it’s simple math:
Obamacare is collapsing. Only 10 percent of uninsured Americans who qualify for Obamacare exchange plans are signing up. Even with subsidies to soften the sticker shock, 90 percent of the people these plans were intended to help are saying “no thanks,” according to a survey released last week by management consultants McKinsey & Company. A majority says the plans are too expensive.
The Affordable Care Act requires most Americans to enroll in “essential coverage” by March 31 and attach proof of it when they file their 2014 taxes. The law imposes a tax on those who don’t comply.
Not a mere $95, as widely thought. The tax is 1 percent of your adjusted gross income, with additional taxes for each uninsured child. If you, your spouse and three kids are uninsured, and your income is $75,000, your penalty could add up to $1,750 for 2014. Not chump change, yet not enough to force the uninsured to buy plans. Chief Justice John Roberts warned that a tax steep enough to do that would violate the Constitution.
The upshot is that some of the very people the law was supposed to help will end up worse off — still uninsured and with less money in their pockets. There are two ways to solve their problem — the legal way and the Obama way.
Last week, the House of Representatives tried to legally solve it. The House voted 250 to 160 to postpone the tax for a year. Twenty-seven Democrats broke party ranks to support the measure. But President Barack Obama vowed he would veto it, so it will go nowhere.
Yet, posing as a hero, Obama is likely to do by presidential fiat what he won’t do in cooperation with Congress.
Read more: GOP USA
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