Obamacare, the signature accomplishment and pride and joy of President Obama, is unraveling, and fast. From the get-go it was a hard pill to swallow. So much so because it was shoved down Congress’ throats without even giving them the courtesy of time to read the 2,700-page document. Infamously, the ever so thoughtful Speaker of the House at the time, Nancy Pelosi, declared that they had to pass the bill before they could read it, to understand what was on it.
The small and medium size entrepreneurs are so saddled with the myriad of regulations that they have to follow, that they spend more time trying to understand their new and unwelcomed duties than they spend managing their actual businesses.
- Rosario Marin
It is abundantly clear that even the few people who wrote parts of the bill, actually read the entire bill. Neither Nancy Pelosi, Senator Harry Reid, nor for that matter the president himself read the entire bill. So is it any wonder that as America and most especially the business community is burdened with its implementation, confusion, uncertainty and outright frustration abound?
There seems to be few winners, if any, at this point. The promises that were made to the most ardent supporters have not been kept. People were promised that they could keep their plans, only to find out that it is not likely. They were promised that they could keep their doctors, but that is hard to do when their doctors are not even willing to practice medicine anymore. They were promised that their premium costs would not go up and yet, according to the Kaiser Family Foundation health care, premiums for the average family cost $1,975 more today than in the year President Obama signed the bill into law. Paradoxically, the president held a press conference just last week to tout the $100.00 rebates some people are getting from their insurance companies. Is he serious?
A lot of the big firms got their waivers right away, but the small and medium size entrepreneurs are so saddled with the myriad of regulations that they have to follow, that they spend more time trying to understand their new and unwelcomed duties than they spend managing their actual businesses. They are not expanding; as a matter of fact, they are actually contracting so much so that franchises across the board are reducing the number of hours their employees are working.
And so that brings us to the latest group of supporters of the law to turn on Obama and the Democrats who shoved this monstrosity down American’s throats: the mighty unions. Three of the largest unions sent a scathing letter to Congress last week reminding them how much they have supported them. They have painfully witnessed how many of those “boots on the ground” have gone from full-time to part-time employees. They now feel that the threat to the middle class is real. This law “will destroy the very health and wellbeing of our members along with millions of the other hardworking Americans,” their letter says.
Obamacare couldn’t be implemented as it had been originally anticipated for too many reasons to explain here, so the government announced last week that penalties for companies failing to comply with the law will be delayed by a year. Coming to think of it, why don’t we just delay it forever? Now that is something even the unions could smile about.
Rosario Marin was the 41st Treasurer of the United States and is co-chair of the American Competitiveness Alliance.