Wednesday, March 23, 2011

Obamacare turns 1

President Obama signed the health reform law a year ago today.

There's been a lot of press about the small business tax credits, which could help some small businesses provide insurance for employees, and lower taxes for those that already do.

A columnist in Forbes said the preliminary numbers are that it's working, although this AP story says its not going THAT great. You may have seen the Blue Cross Blue Shield ads in the papers promoting the small business tax credit.

I guess we'll know more after tax season.

I do know of one small business in town that got a nice credit under the program. Not ours, we have too many employees to qualify.

There is still a ton of fear and bombastic, wild claims that the law will crush the economy and put bureaucrats in charge of health care. Actually, it bolsters the existing system of private, employer based health care and by making everyone pay into it.

The best predictor seems to be what's happened in Massachusetts, where a similar system has been in place for five years and, while much less than perfect, has basically worked to get most people insured.

3 comments:

Anonymous said...

It has already been deemed unconstitutional, and it will be repealed.

Anonymous said...

You just can't grasp what a piece of crap legislation Obmacare has turned into - They are giving exemptions right and left and they have NO ANSWER for the Medcaid costs passed onto the States! (Which will no doubt BK some of the already troubled States!)

I noticed you didn't even get one response so I just had to put in my two cents!

Its all "SUNSHINE" but you choose to ignore the clouds gathering in the SKY!

Go Figure!

Anonymous said...

Btw: You know that if Obamacare is allowed to proceed - that it will end in a Single Payer Government Controlled/Run Socialist System!

Have NO DOUBT!