Under the Gang of 8’s backroom immigration deal with Senators Schumer, Corker and Hoeven, formerly illegal immigrants who are amnestied will be eligible to work, but will not be eligible for ObamaCare. Employers who would be required to pay as much as a $3,000 penalty for most employees who receive an ObamaCare healthcare “exchange” subsidy, would not have to pay the penalty if they hire amnestied immigrants.
Consequently, employers would have a significant incentive to hire or retain amnestied immigrants, rather than current citizens, including those who have recently achieved citizenship via the current naturalization process.
Beginning in January, businesses with 50 or more full-time employees, that do not currently offer healthcare benefits that are considered “acceptable” by the Obama administration, must pay a penalty if at least one of their workers obtains insurance on a new government-run “exchange.” The penalty can be as much as $3,000 per employee.
Many employers have been preparing to cope with the new regulations by slashing the hours of full-timers to part-time status. Since “full-time,” in the language of ObamaCare, is averaging 30 hours per week, employers will, in general, receive the penalty if they have 50 or more employees who are working an average of 30 hours per week.
If the immigration bill becomes law, many employers could receive incentives of hundreds of thousands of dollars to hire amnestied immigrants over American citizens. In addition, these newly legalized immigrants could work “full-time,” an advantage for companies and businesses as well, while employers could lay off or diminish to “part-time” status, American workers.
At the moment, there is just one, singular force holding back the IRS from making an all-out, systematic assault on conservative Americans as a way of life in this country. That force is the Republican-controlled House of Representatives. Were the body not in GOP hands, the IRS targeting of a significant number of citizens for their political beliefs would have already fallen from the headlines. No hearings would be held. No one would be asked to resign. Or if they were, it would only be for show, as the agency continued to target anti-government Americans with Washington’s tacit approval.
Such a one-party system can be arranged, starting this week, as the Senate begins debating the immigration bill. It’s merely a matter of demographics. If amnesty is given to 11 million illegal aliens by Congress, the shift to an America one-party state will accelerate at warp speed.
That’s because the amnesty isn’t really for 11 million people, but for over 30 million. If amnesty for the 11 million illegal aliens currently in the country passes, within a decade, Rosemary Jenks, a lawyer with NumbersUSA tells me, at least 17 million additional people will qualify for permanent legal status, the first step in the pathway to citizenship. They will come as part of the “family unification” process that will allow today’s illegal aliens to bring their family members here. These people would be eligible to enter the country not decades from now, but in the decade after the immigration bill as currently proposed in the Senate passes. Jenks says her estimate of close to 30 million illegals and their families gaining permanent legal status within the coming decade is actually conservative.
[…] Republicans and conservatives like to kid themselves that the values they hold in common with largely Hispanic illegal aliens of today could somehow make them competitive with this demographic if they mollified them with amnesty, but that won’t work.
A mind-blowing 75 percent of Hispanics tell Pew they want bigger government with more services. Contrast that with just 41 percent of the American public that says it wants bigger government with more services. (Some 45 percent of the general American population wants smaller government with fewer services. For Hispanics, it’s 19 percent.)
This Hispanic love affair with big government isn’t a short-term result of the Great Recession. It isn’t a temporary product of the first-generation poverty; immigrants, legal or otherwise, have always struggled through in America. This affection for big government is uniquely cultural for Hispanics, and so strongly embedded that it apparently persists for generations.
Some 81 percent of first-generation Hispanic immigrants tell Pew pollsters they prefer big government. In the second generation, it’s 72 percent. By the third generation, the number is just shy of 60 percent. Contrast that, again, with the mere 41 percent of the general American population that feels the same.
Conservative or Republican candidates have no way to win this class of voter except to offer him an all-powerful government that provides for more of his needs than the one their Democratic opponent is offering. Otherwise, they’ll lose large portions of this vote — for generations. Once former illegal immigrants start voting, an amnesty granted a decade before by a bipartisan majority will be but a distantmemory.
It must be fun for liberals to manipulate Republicans into focusing on hopeless causes. Why don’t Democrats waste their time trying to win the votes of gun owners?
As journalist Steve Sailer recently pointed out, the Hispanic vote terrifying Republicans isn’t that big. It actually declined in 2012. The Census Bureau finally released the real voter turnout numbers from the last election, and the Hispanic vote came in at only 8.4 percent of the electorate — not the 10 percent claimed by the pro-amnesty crowd.
[…] In raw numbers, nearly twice as many blacks voted as Hispanics, and nine times as many whites voted as Hispanics. (Ninety-eight million whites, 18 million blacks and 11 million Hispanics.)
So, naturally, the Republican Party’s entire battle plan going forward is to win slightly more votes from 8.4 percent of the electorate by giving them something they don’t want.
As Byron York has shown, even if Mitt Romney had won 70 percent of the Hispanic vote, he still would have lost. No Republican presidential candidate in at least 50 years has won even half of the Hispanic vote.
[…] The (pro-amnesty) Pew Research Hispanic Center has produced poll after poll showing that Hispanics don’t care about amnesty. In a poll last fall, Hispanic voters said they cared more about education, jobs and health care than immigration. They even care more about the federal budget deficit than immigration! (To put that in perspective, the next item on their list of concerns was “scratchy towels.”)
Also, note that Pew asked about “immigration,” not “amnesty.” Those Hispanics who said they cared about immigration might care about it the way I care about it — by supporting a fence and E-Verify.
Who convinced Republicans that Hispanic wages aren’t low enough and what they really need is an influx of low-wage workers competing for their jobs?
Maybe the greedy businessmen now running the Republican Party should talk with their Hispanic maids sometime. Ask Juanita if she’d like to have seven new immigrants competing with her for the opportunity to clean other people’s houses, so that her wages can be dropped from $20 an hour to $10 an hour.
A wise Latina, A.J. Delgado, recently explained on Mediaite.com why amnesty won’t win Republicans the Hispanic vote — even if they get credit for it. Her very first argument was: “Latinos will resent the added competition for jobs.”
As shown by demographer Eric Kaufman of the University of London, religious couples across all cultures are for obvious reasons (including but not limited to abortion) having more children per family than are the secular-irreligious, whose birthrates are below replacement — which means a declining population.
“After 2020,” says Kaufman, the devoutly religious of all faiths “will begin to tip the culture wars to the conservative side.”
The liberal-counterculture Democrats will of course continue fighting this war in the schools and through the media, but have only one major demographic weapon to counter the fertility gap that is working relentlessly against them.
That weapon is illegal immigration. As the population trends move steadily conservative, the liberals must bring into the country and enfranchise new voters who will reliably cast Democratic ballots.
That, and that alone, is the real issue in the battle over immigration and why the Democrats are so bent on gaining amnesty for illegals. All the rest is window dressing.
Welcome to the “new normal” under Obamanomics. In Europe, where Keynesian economics and Democratic Socialism has dominated for decades, unemployment rates are in the 20’s. For the younger generation, they’re even higher. Yet, instead of learning from their mistakes, Obama and the Democrats insist on repeating them. Millions of innocent people are being hurt in the process.
After a full year of fruitless job hunting, Natasha Baebler just gave up.
She’d already abandoned hope of getting work in her field, working with the disabled. But she couldn’t land anything else, either — not even a job interview at a telephone call center.
Until she feels confident enough to send out resumes again, she’ll get by on food stamps and disability checks from Social Security and live with her parents in St. Louis.
“I’m not proud of it,” says Baebler, who is in her mid-30s and is blind. “The only way I’m able to sustain any semblance of self-preservation is to rely on government programs that I have no desire to be on.”
Baebler’s frustrating experience has become all too common nearly four years after the Great Recession ended: Many Americans are still so discouraged that they’ve given up on the job market.
Older Americans have retired early. Younger ones have enrolled in school. Others have suspended their job hunt until the employment landscape brightens. Some, like Baebler, are collecting disability checks.
It isn’t supposed to be this way. After a recession, an improving economy is supposed to bring people back into the job market.
Sadly, until we get rid of Obamanomics, the jobs won’t be coming back. Business aren’t hiring because they never know when they’re going to be hit with a costly new regulation or tax. Entrepreneurs aren’t willing to take the risk to start a new business in such a hostile business climate.
President Obama heads into the third month of his second term, still unable to find a cure for a sluggish economy, weak employment numbers and his own slipping job approval scores.
Second terms are usually challenging for presidents who have won re-election without having the slightest idea about what they will do over the next four years. And that’s what we are witnessing now with Obama, whose biggest problem is the anemic, job-challenged economy.
[…] The depressing headlines of the past few days tell a sad tale of what the economy is like under his presidency:
– “Weekly Jobless Claims Get Weaker as Outlook Dims” was the gloomy headline over a Reuters news wire story Thursday morning on the CNBC website.
“The number of Americans filing new claims for unemployment benefits rose to its highest level in four months last week, suggesting the labor market recovery lost some steam in March,” Reuters reported.
– “Hiring Is Weaker at Private Companies,” a Washington Post headline blared Thursday.
“Companies hired at the weakest pace in five months in March as recent strong demand for construction jobs evaporated and growth in the vast services sector slowed, signs that the economic recovery could be hitting a soft patch,” the newspaper reported.
That’s the conclusion of the ADP National Employment Report Wednesday, which showed “that private employers added 158,000 jobs last month.” The ADP job survey said “the gain was the smallest since October.”
A separate report Wednesday on the services industry, the economy’s largest job sector, showed that employment growth “pulled back in March.”
You do not hear any of these reports on the nightly TV news because the networks cherry-pick reports that feed the White House line of a continuing economic recovery.
[…] Thankfully, there are economic reporters who resist touting the White House line that everything is rosier under Obama’s policies.
“We’re approaching the four-year anniversary of the economic recovery, and it still doesn’t feel like much of one, what with the unemployment rate at 7.7 percent and wages stagnant over the past five years,” Neil Irwin, the Post’s veteran economic analyst, recently reported.
Even as the Obama White House prepares for a star-studded White House concert featuring Queen Latifah, Cyndi Lauper, and Justin Timberlake, figures from the U.S. Census Bureau reveal that roughly 50 million Americans—one in six—now live below the poverty line.
Additionally, one in five American children have fallen below the poverty line; the last time poverty levels were this high, Lyndon Baines Johnson was president.
“In the last three years, there’s been a great change in the kinds of people we are serving,” said Director of Community Services at Catholic Charities of Baltimore Mary Anne O’Donnell. “There are increasing numbers of people who owned a home, lost their jobs, end up living in their car and are coming with children to our soup kitchen.”
The U.S. government defines a family of four earning under $23,021 as living in poverty. Income used to compute poverty status does not include non-cash benefits, such as food stamps and housing subsidies.
Welfare program enrollments have exploded under President Barack Obama. Americans on food stamps now outnumber the combined populations of 24 U.S. states, costing taxpayers more than double the amount spent on food stamps five years ago. In January 2009, 31.9 million Americans received food stamps. Today, that figure is 47.79 million.
President Barack Obama, who has increased the national debt by $53,377 per household, has proclaimed April“National Financial Capability Month,” during which his administration will do things such as teach young people “how to budget responsibly.”
“I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices,” Obama said in an official proclamation released Friday.
[…] The proclamation on the White House website links to two other government websites: the site for the Consumer Financial Protection Bureau, and MyMoney.gov, which includes materials from 21 federal agencies.
Listed among the “popular topics” on MyMoney.gov is “Managing Debt and Credit,” which includes a link to a page on the Federal Reserve’s website called “Getting the most from your credit card.” Tip 2 on that page is: “Stay Below Your Credit Limit.”
When Obama was inaugurated on Jan. 20, 2009, the total debt of the federal government was $10,626,877,048,913.08. As of the close of business on March 28, 2013, the total debt of the federal government was $16,766,988,432,792.62—an increase of $6,140,111,383,879.54 since Obama took office.
That means that under Obama the federal debt has increased $53,377 for each one of the 115,031,000 households the Census Bureau says there are now in the United States. The president is required by law to submit a budget proposal for the next fiscal year by the first Monday in February.
Thus far, Obama has not submitted his budget proposal for fiscal 2014.
It’s the liberal way to perceive yourself as diametrically opposed to what and who you actually are. Therefore, Barack Obama being a financially incapable liberal is precisely the reason why the man who has yet to submit a budget proposal for 2014 feels he’s qualified to teach young people “how to budget responsibly.”
What’s next, Bill and Hillary Clinton running a Marital Cohesiveness and Fidelity Seminar? How about first daughters Sasha and Malia, who took not one but two spring break vacations, sharing with the younger set how to spend a week at the Atlantis in the Bahamas and River Run in Sun Valley, Idaho on a limited budget? Sorry, but if Barack Obama is financially capable, then outgoing MSNBC host Ed Schultz is qualified to host a new “Eradicate Bias in the Media” show.
Then again, this is the president who is expert at exempting himself from what he insists others do. That is why a person who clearly has no understanding of sound financial principles can say with a straight face: “I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices.”
Wait! When Obama says “all Americans” does “all” include himself and the $10 million dollar vacationer he’s married to, or does “all” just mean everybody except Mr. and Mrs. Obama?
Either way, the president must truly believe that he’s an authority on stretching a dollar, because in his “National Financial Capability Month” proclamation, he said that his “[a]dministration is dedicated to helping people make sound decisions in the marketplace.” That marketplace, by the way, is the same marketplace that he’s currently in the process of destroying. It could be that President Obama thinks that the soundest way to save money in the marketplace is to exchange the marketplace for something altogether different.
One of the big differences between the United States and Cyprus is that the U.S. government can simply print more money to get out of a financial crisis. But Cyprus cannot print more euros, which are controlled by international institutions.
Does that mean that Americans’ money is safe in banks? Yes and no.
The U.S. government is very unlikely to just seize money wholesale from people’s bank accounts, as is being done in Cyprus.
But does that mean that your life savings are safe?
No. There are more sophisticated ways for governments to take what you have put aside for yourself and use it for whatever the politicians feel like using it for.
If they do it slowly but steadily, they can take a big chunk of what you have sacrificed for years to save, before you are even aware, much less alarmed.
That is in fact already happening.
When officials of the Federal Reserve System speak in vague and lofty terms about “quantitative easing,” what they are talking about is creating more money out of thin air, as the Federal Reserve is authorized to do — and has been doing in recent years, to the tune of tens of billions of dollars a month.
When the federal government spends far beyond the tax revenues it has, it gets the extra money by selling bonds. The Federal Reserve has become the biggest buyer of these bonds, since it costs them nothing to create more money.
This new money buys just as much as the money you sacrificed to save for years. But more money in circulation, without a corresponding increase in output, means rising prices.
Although the numbers in your bank book may remain the same, part of the purchasing power of your money is transferred to the government. Is that really different from what Cyprus has done?
Through the centuries – in historic cultures like that of Yap Island who used giant, immovable stone disks for commerce, to today’s United States, whose Dollar fiat currency exists primarily in digital form – “money” is able to be exchanged for goods and services because society agrees to accept it (at a certain rate of exchange).
But what happens when a society starts doubting the value of its money?
Fed, the Great & Powerful
The podcast goes into the mind-blowingly simple process by which new money is created in America by the Federal Reserve (or the “Fed”). That is to say:
The Fed holds a meeting
Those in the room decide how many more dollars they think the world needs
Someone walks over to a computer and adds that many dollars to the banks, with a few clicks of the keyboard
The banks then, if they want to, lend this new money out into the economy on a fractional basis, adding even more “thin air” dollars to the nation’s money supply.
This unique ability in America lends the Fed enormous power. The power to create new money from nothing. With no limit.
And with that power, the Fed can control and/or influence economies and markets the world over.
[…] Money is not wealth. It is merely a claim on wealth.
You can’t print your way to prosperity. History is abundantly clear on that.
With the clarity of hindsight, it’s now obvious how the Fed has now painted itself into a corner.
[…] Cyprus has awakened the world to the reality that central planners can appropriate their money with the bang of a gavel. And while we don’t yet know with certainty how things will unfold in Cyprus, we can project that events there have shaken society’s confidence in the soundness of fiat currency in general. If we know it can be confiscated or devalued overnight, we are less likely to unquestioningly accept its stated value. This doubt that strikes at the very foundation of modern monetary systems.
Cyprus is meaningful in the way that it shines a light on both the importance of hard assets and the risk it poses to market stability. It certainly increases the risk of our prediction of a 40%+ stock-market correction by September, as investors begin to realize that current high values are simply the ephemeral effect of too much money, instead of a sign of true value.
At this point, prudence suggests we prepare for the worst (by parking capital on the sidelines, investing in our personal resilience, etc.) and add to our hard asset holdings (like precious metals bullion, productive real estate, etc.) as insurance to protect our purchasing power. The dollar may strengthen for a bit versus other currencies and perhaps the financial markets, but the long-term trend is a safer and surer bet: Dollars will be inflated. There will be more of them in the future than there are today. So, while our dollars still have the purchasing power they do, we should use the window of time we have now to exchange paper money for tangible wealth at today’s prices.
Over one-third of the 9.1 million full-time jobs among America’s diverse business franchises could be cut back or eliminated by Obamacare as small businesses struggle to maintain profitability while coughing up money to pay for Washington-mandated health care coverage, according to the International Franchise Association.
Cause premiums to skyrocket. In December, state insurance commissioners warned Obama administration officials that the law’s market regulations would likely cause “rate shocks,” particularly for younger, healthier people forced by ObamaCare to subsidize premiums for those who are older and sicker.
“We are very concerned about what will happen if essentially there is so much rate shock for young people that they’re bound not to purchase (health insurance) at all,” said California Insurance Commissioner Dave Jones.
That same month, Aetna CEO Mark Bertolini said ObamaCare will likely cause premiums to double for some small businesses and individuals.
And a more recent survey of insurers in five major cities by the American Action Forum found they expect premiums to climb an average 169%.
Cost people their jobs. The Federal Reserve’s March beige book on economic activity noted that businesses “cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff.”
Around the same time, Gallup reported a surge in part-time work in advance of ObamaCare’s employer mandate. It found that part-timers accounted for almost 21% of the labor force, up from 19% three years ago.
Meanwhile, human resources consulting firm Adecco found that half of the small businesses it surveyed in January either plan to cut their workforce, not hire new workers, or shift to part-time or temporary help because of ObamaCare.
Tax the middle class.IBD reported in February that much of the $800 billion in tax hikes imposed by ObamaCare will end up hitting the middle class, including $45 billion in mandate penalties, $19 billion raised by limiting medical expense deductions, $24 billion through strict limits on flexible spending accounts, plus another $5 billion because ObamaCare bans using FSAs to buy over-the-counter drugs.
During a Thursday luncheon with Republicans, President Barack Obama reportedly was unable to dine on the lobster feast set before him. Daily Caller obtained audio of Collins explaining the reason why.
“He honestly did look longingly at it,” said Collins. “But apparently he has to have essentially a taster, and I pointed out to him that we were all tasters for him, that if the food had been poisoned all of us would have keeled over so, but he did look longingly at it and he remarked that we have far better food than the Democrats do, and I said that was because I was hosting.”
“University of Maine recipe for healthy lobster salad — I pointed that out to the president in keeping with the first lady’s initiatives and Fox Family Potato Chips made in Aroostook County where I’m from and wild blueberry pie full of anti-oxidants, see this was a healthy lunch as well. We did have a little ice cream on the pie too, also made in Maine, Gifford’s Ice Cream.”
I think this is a serious case of projection. If Obama honestly believes that people on the other side of the aisle would resort to poisoning him over political differences, it’s obviously because in his world, the ends justify the means, and he assumes that Republicans must be just as morally bankrupt and willing to resort to evil and violence as his team is.
House Speaker John Boehner (R-Ohio) said he would not include language to defund Obamacare in the continuing resolution bill when it returns to the House, stating, “our goal” is “not to shut down the government.”
Why on earth are they so afraid of a government shutdown? It certainly didn’t kill us in the 90’s – most people can’t even remember how (or if) it even affected them!
Maybe what they’re REALLY afraid of is Americans realizing that their lives can go merrily along just fine – and a lot freer – without Big Government interference every step of the way. That we really don’t need them as much as they need us (and our money) to legitimize their existence.
All Republican members of the Senate voted to defund Obamacare as an amendment to the Continuing Budget Resolution. The vote definitely puts a little heat on certain Dem. Senators up for re-election in 2014.
House Republican leadership recently pushed through a Continuing Resolution that included funding for Obamacare, despite the protests of many members of the GOP. Speaker Boehner and House Majority Whip Eric Cantor received flak in conservative circles for rushing through a hasty vote.
The House of Representatives possesses the “power of the purse” under Constitutional law, so it is not required to fund the executive branch’s activities. It would be extremely rare to withhold funding for government programs, but if there ever was a program as unethical and fiscally ruinous ever devised, it would be Obamacare.
The Republican-controlled House of Representatives voted 267-151 on Wednesday to approve a $982-billion continuing resolution (CR) to fund the federal government through the rest of fiscal 2013 that fully funds the implementation of Obamacare during that period.
The House Republican leaders turned aside requests from groups of conservative members to include language in the bill that would have withheld funding for implementation of all of Obamacare, or, alternatively, that would have withheld funding for the Obamacare regulation that requires health-plans to provide cost-free coverage for sterilizations, contraceptives and abortion-inducing drugs.
Watching the filibuster, the thought occurred to me that this is exactly what should have been done with Obamacare in 2009/2010. Why didn’t Mitch McConnell use every parliamentary procedure to block Obamacare? More relevant to today, these same senators should engage in the same educational filibuster against funding Obamacare next week when the Senate considers the CR. If nothing else, we’re long overdue for a national discussion over Obamacare, personal liberty, and free markets. We need to take this #StandWithRand show and run with it.
In one of the most politically despicable moves ever perpetrated by a sitting administration, federal immigration officials have released hundreds of illegal aliens from prison in anticipation of budget cuts produced by the sequester. “As fiscal uncertainty remains over the continuing resolution and possible sequestration, ICE has reviewed its detained population to ensure detention levels stay within ICE’s current budget,” said agency spokeswoman Gillian M. Christensen in a statement. Immigration officials further warned that even more releases are possible, if the anticipated cuts are realized.
In Arizona, Pinal County Sheriff Paul Babeu, who revealed that more than 500 inmates were released in his county alone, put this ploy in the proper perspective. “President Obama would never release 500 criminal illegals to the streets of his hometown, yet he has no problem with releasing them in Arizona. The safety of the public is threatened and the rule of law discarded as a political tactic in this sequester battle,” he said.
[…] In a coordinated scare tactic, DHS Secretary Janet A. Napolitano on Monday warned that, if the sequester occurs, as many as 5000 border agents will also be furloughed, increasing the chances that even more, and possibly more dangerous, illegal aliens will be roaming the countryside. “I don’t think we can maintain the same level of security,” Ms. Napolitano contended.
Sen. Tom Coburn (R-OK) cut right through the manufactured hysteria. In a letter sent to Ms. Napolitano, he outlined a host of alternative cuts Ms. Napolitano could make. Yet the most telling part of that letter was the revelation that DHS will have approximately $9 billion in unspent funds by the end of FY2013, “raising the question of why we would not start reclaiming these funds,” Coburn wrote.
[…] Once again, the President of the United States has made it clear that he and his administration are prepared to implement their agenda by any means necessary. In this case, Obama, along with DHS and ICE officials, have now demonstrated that they are more than willing to potentially endanger American lives, rather than accept a “cut” that merely reduces the overall increase in government spending. The president undoubtedly sees such tactics as “negotiation.” Extortion is more like it.
The president is also threatening to drop our border guard. In a rational age, these acts would be impeachable. Not too many years ago Californians recalled a governor for offering drivers licences to illegal aliens, and here we have a president flagrantly violating his oath to defend the nation.
Come January, many children currently enrolled in the State Children’s Health Insurance Program (CHIP) will be compulsorily moved out of their current health plans and into state-run Medicaid plans – as a result of Obamacare.
During the 2012 election campaign, Democrats denied that ObamaCare made $716 billion in cuts to Medicare in order to provide funding toward $1.9 trillion in new entitlement spending over the next ten years.
In an announcement on Friday, however, the Obama administration revealed that it would be significantly reducing funding for Medicare, a move that one health insurance analyst said “would turn almost every plan in the industry unprofitable.”
[…] Regarding the cuts, America’s Health Insurance Plans’ (AHIP) president Karen Ignagni said, “Washington cannot tax and cut Medicare Advantage this much and not expect seniors to be harmed.”
Younger, healthier people, many of whom voted for Mr. Obama in droves, will see their insurance premiums climb sharply as Obamacare demands that insurers provide them with more medical coverage than they want or need.
[…] Mark Bertolini, CEO of Aetna Inc. — the nation’s third-largest health insurance company — warned at the end of 2012 that Americans will face a “premium rate shock” when the president’s tidal wave of regulations kick in next year.
Mr. Bertolini predicts unsubsidized insurance premiums will shoot up by 20 percent to 50 percent, on average.
Those numbers may be just for the lucky ones. Some consumers will see their costs double. “We’re going to see some markets go up as much as 100 percent,” Mr. Bertolini told Bloomberg News.
In less than a year, Americans will be hit with not only higher insurance premiums, but massive tax increases:
While much of the dialogue on healthcare reform centers on the federal mandate of health coverage for all Americans – which many conservatives call the largest tax increase in U.S history – less attention is being given to the massive sales tax increase on the purchase of health insurance also implicit within the legislation that will dramatically escalate costs for employers and consumers.
[T]he tax increases that remain on the books will cost taxpayers more than $675 billion over the next ten years. Chief among these will be the sales tax on the purchase of health insurance, totaling $101.7 billion, and making it larger than all the other industry-specific taxes combined.
“The health insurance tax will add a financial burden on families and small businesses at a time when they can least afford it, and it should be repealed, ” says AHIP, a trade association representing health insurance industry providers, in today’s call for the repeal of the health insurance tax before it can take affect.
Last month, the CEO of the nation’s largest health insurance company warned that he and his peers may balk at participating in Obamacare’s insurance exchanges — online, government-run portals where consumers and small businesses without conventional employer-sponsored coverage may shop for policies starting next year.
[…] That’s ominous news for Obamacare. If insurers don’t participate in the law’s exchanges, then consumers who had hoped to secure affordable coverage through the new marketplaces will instead find few choices and high prices. Taxpayers could be hit hard, too, as higher premiums in the exchanges will require more public spending on subsidies.
[A]s ObamaCare’s official launch date approaches, even its backers are beginning to admit that the law could actually create powerful incentives for millions of people and thousands of businesses to drop their coverage, despite the mandate.
[…] “We are very concerned,” California Insurance Commissioner Dave Jones told federal health officials at a December meeting, “if there is so much rate shock for young people that they’re bound not to purchase (health insurance) at all.”
The cause of this rate shock is simple: ObamaCare imposes what is called “community rating” on insurance companies, effectively forcing them to charge the young and healthy more so they can charge older and sicker consumers less.
[…] ObamaCare also forbids insurance companies from turning anyone down — a reform called “guaranteed issue” — which also will provide an incentive for some to drop coverage, knowing they can get it back any time.
“Even with the tax penalty … some healthy people would avoid purchasing coverage until they are sick,” Howard Shapiro, director of public policy at the Alliance of Community Health Plans, told regulators .
The problem is that if the young and healthy drop coverage, the result would be what the industry calls a “death spiral.” Premiums will climb as the pool of insured gets sicker, causing still more to cancel their policies.
Regulations are treated as laws and enforced as such, but they are never voted on by the people’s representatives. They are imposed by the “fourth branch” of government: bureaucrats from hundreds of agencies and departments (many of which are unconstitutional or abuse unconstitutional powers).
Now, it’s not that we don’t get to vote on them. We don’t even get to KNOW about them. Does that sound like the system of representative government our founders intended:
According to the Government Accountability Office (GAO), 35 percent of major federal regulations – those with at least $100 billion in annual economic impact – were issued without a public notice from 2003 to 2010.
The GAO also said that 44 percent of non-major regulations were issued without a public notice, which is referred to as a Notice of Proposed Rulemaking (NPRM).
“During calendar years 2003 through 2010, agencies published 568 major rules and about 30,000 nonmajor rules,” the GAO said in a December report to Congress. “[Federal] agencies published about 35 percent of major rules and about 44 percent of nonmajor rules without an NPRM during those years.”
The GAO found a large spike in this practice under President Barack Obama, with the percentage of major rules issued without public notice jumping from 26 percent in 2008 to 40 percent in 2009. The number of major rules issued this way also hit a high point in both 2009 and 2010. (Obama’s first year in office as president began in January 2009.)
“In particular, from 2008 to 2009, the percentage of major rules without an NPRM increased from 26 percent to 40 percent,” reported the GAO.