I must've been hearing things again; I could've sworn that I heard The Pharaoh Obama say that if I liked my current health insurance I could keep it...hopefully one of you Obama voters can clear this issue up for me.
And I appreciate how the Obama-bot writer attempts to spin this dreck-sandwich...'sure it'll cost $1.165 trillion over the next decade but...BUT...it'll reduce the short-term deficits...and, and, and fewer people will have to pay the penalties...!!'
Excerpt from The Washington Times, all emphasis is my own:
Seven million will lose insurance under Obama health law
By Stephen Dinan - The Washington Times
February 5, 2013, 01:00PM
President Obama's health care law will push 7 million people out of their job-based insurance coverage — nearly twice the previous estimate, according to the latest estimates from the Congressional Budget Office released Tuesday.
CBO said that this year's tax cuts have changed the incentives for businesses and made it less attractive to pay for insurance, meaning fewer will decide to do so. Instead, they'll choose to pay a penalty to the government, totaling $13 billion in higher fees over the next decade.
But the non-partisan agency also expects fewer people to have to pay individual penalties to the IRS than it earlier projects, because of a better method for calculating incomes that found more people will be exempt.
Overall, the new health provisions are expected to cost the government $1.165 trillion over the next decade — the same as last year's projection.
With other spending cuts and tax increases called for in the health law, though, CBO still says Mr. Obama's signature achievement will reduce budget deficits in the short term.
During the health care debate Mr. Obama had said individuals would be able to keep their plans.
http://www.washingtontimes.com/blog/inside-politics/2013/feb/5/obama-health-law-will-cost-7-million/print/#ixzz2KFJLQntO
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