A Fortune 500 benefits expert analyzes ObamaCare

From John Mauldin's weekly Outside the Box investment newsletter:
My friend Lisa Cummings, an expert on employee benefits (she was one of the first employees at Dell and was a senior exec at Wal-Mart), has analyzed the bill; and from what she tells me it appears to be one big pile of unintended consequences and costs. It will be far cheaper for an employer to simply pay the $2,000 fine and pay for the employee to enroll in the government health exchange program, which of course puts more cost on the taxpayer. Behind the curtain of wonderful and laudable objectives is a mountain of regulations and costs.

Yes, ObamaCare is far, far worse than you thought. Click on over for the horrific details, including:
Moves 18 million people onto Medicaid programs. [...] Adds new taxation on capital gains, including a new 3.8% tax on the sale of your home [...] “a Ponzi scheme of the first order, the kind of thing that Bernie Madoff would have been proud of.” [...] Adds a medical device tax of 2.9% on everything from CT scanners to surgical scissors, to be passed along to health-care consumers [...] Triggers loss of insurance coverage by large numbers of lower-paid employees [...] Subjects college student medical plans to possible elimination [...] Healthy people will pay more for insurance coverage. [...] Health-care cost curve bends in the wrong direction by increasing overall health spending


Negocios Loucos said...

"There's nothing you can do about it dude so why worry about it?" ~ An associate sheeple of mine and further proof that the entire system has to crash for change to occur. People like this are more interested in American Idol and football and can't be bothered.

Anonymous said...

Oh but there is something we can do about it. We can take back Congress and defund ObamaCare, and repeal some if not all of it.

Your friend, like all leftists, wants the public to remain ignorant and apathetic. That's how they maintain power. Well, they lost. The people woke up.

Jr Deputy Accountant said...

This is great, my new across-the-street neighbor (who used to work at the Pentagon so he knows what's up) just recommended John Mauldin's newsletter to me at dinner last night. And then you wrote about it.

Funny how that works.

I'm going to go ahead and skip the horrific details if you don't mind, I just ate.

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