By Suzy Khimm
I wrote last week about how the fate of health reform depends on the states, given their starring role in carrying out major parts of the
Affordable Care Act. They'll be hugely responsible for setting up the new insurance exchanges -- which have to be running by 2014 -- and enforcing the beefed-up insurance regulations. But there are changes already underway that will give us an early preview of what's to come.
Now that Obamacare has been enacted, Americans across the nation are seeing their health insurance bills spiking, leading to what has been a documented slide in full-time hiring, a drop in consumer discretionary spending, not to mention stagnant and declining real wages. In short: a broad economic contraction (yes, yes, who could have possibly foreseen this).
Ludicrous Taxifornia Healthcare Proposal
California keeps up its insane attack on businesses of all kinds, this time with a proposal to force small businesses away from money-saving self-insurance plans into the arms of more costly Obama-care plans.
The LA Times writes, California seeks limits on small-business self-insurance trend
On the eve of President Obama's fifth State of the Union, three Republicans senators - Sens. Tom Coburn (Okla.), Richard Burr (R-N.C.) and Orrin Hatch (R-Utah) - have unveiled a new health reform plan to replace Obamacare.
Professor John H. Cochrane of the University of Chicago had an op-ed in the Wall Street Journal on Dec. 25, in which he gave a brief description of (among other things) a market in which individuals buy our own health insurance — and not from an Obamacare exchange.
This begins a series of posts about the recently adopted health care reform, a subject I have not discussed on this blog so far. I will not be ranting about how wise or stupid the bill is. If you want to hear me rant, buy me a martini. As long you keep buying, I'll keep ranting. Instead, I want to cover the effects that businesses will face.
Obviously, the whole Obamacare implementation is in disarray. Some of this I expected -- the policy cancellations -- and some of it I did not -- the horrendous systems implementation. But I actually thought that most of this would be swept under the rug by a willing media.