Sunday, February 10, 2013

The Incredible Shrinking PPACA
...According to the CBO’s latest estimates, the PPACA will lead to only 27 million people gaining coverage. One factor is the refusal of some governors to participate in the Medicaid expansion. Another is that millions of Americans are expected to lose their employer-based coverage, a point the WSJ emphasizes in this story.

The CBO has long said it expects the new federal health law will prompt some companies to drop millions of employees from health plans because workers have new options to buy insurance on their own. In August, CBO put the number at four million over 10 years. Now it’s seven million....

Sweet: ObamaCare is going to cost us 127 million+ hours a year
... Every hour and dollar spent complying with the Democrats’ health care law are time and resources being taken from spending time with family, growing a business and creating jobs, or caring for patients. Since many small businesses do not employ in-house lawyers and accountants, compliance costs are especially expensive and burdensome. Given the new demands of complying with the law, it is not surprising that over 70 percent of small businesses cite the health care law as a major obstacle to job creation.

What could be done in 127,602,371 hours?

Mount Rushmore, which took 14 years to build, could be constructed 1,040 times.
Halley’s comet, seen from Earth once every 76 years, could be spotted 191 times.
The Empire State building, which took 7 million hours to build, could be constructed 18 times.

Ways and Means Chairman Dave Camp (R-MI) stated, “This is just another example of the Obama Administration placing the burden of their policies on the backs of those who are already doing more with less time and resources – families and small businesses. With many rules and regulations yet to come, these 127 million burden hours – many of them due to complying with new taxes – are just the tip of the iceberg. Worst of all, the law has failed to deliver what Americans need most – affordable health care.”...