I told yall it would be and SP euro/asia style is only way to insure everyone. Data is starting to come in. Less will be insured than before and cost 4x as much.
"The central parts of ObamaCare dont roll out until 2014, but the wheels are already falling off this clunker. The latest news from four federal agencies is that 1) insurance will be a lot less affordable than Americans were led to expect, 2) fewer people than promised will get insurance and 3) millions of people who have coverage through a job now will lose it, thanks to the presidents reforms. Oh, and children are the biggest victims.
...
Start with the IRSs new estimate for what the cheapest family plan will cost by 2016: $20,000 a year to cover two adults and three kids. And that will only cover 60 percent of medical bills, so add hefty out-of-pocket costs, too.
The next surprise is for parents who thought their kids would be covered by an employer. Sloppy wording in the law left that unclear until last week, when the IRS ruled that kids wont be covered.
Starting in 2014, the law will require employers with 50 or more full-time employees to offer coverage or pay a penalty. Affordable coverage, that is meaning the employee cant be told to contribute more than 9.5 percent of his salary. For example, a worker earning $40,000 a year cannot be required to pay more than $3.800.
But the law doesnt specifically mandate family coverage and now the administration says that wont be required.
You can see why: If the lowest-cost family plan (again, two adults and three kids) is to run a whopping $20,000, and if the employees contribution is limited to $3,800, the employers tab would be $16,200 adding about $7.40 an hour to the cost of that employee. Wisely, the IRS announced on Jan. 30 that employers wont have to pay for dependent"
http://www.nypost.com/p/news/opinion/opedcolumnists/wheels_coming_off_QPojjZX0Bd8BU80hDpcKZP
"The central parts of ObamaCare dont roll out until 2014, but the wheels are already falling off this clunker. The latest news from four federal agencies is that 1) insurance will be a lot less affordable than Americans were led to expect, 2) fewer people than promised will get insurance and 3) millions of people who have coverage through a job now will lose it, thanks to the presidents reforms. Oh, and children are the biggest victims.
...
Start with the IRSs new estimate for what the cheapest family plan will cost by 2016: $20,000 a year to cover two adults and three kids. And that will only cover 60 percent of medical bills, so add hefty out-of-pocket costs, too.
The next surprise is for parents who thought their kids would be covered by an employer. Sloppy wording in the law left that unclear until last week, when the IRS ruled that kids wont be covered.
Starting in 2014, the law will require employers with 50 or more full-time employees to offer coverage or pay a penalty. Affordable coverage, that is meaning the employee cant be told to contribute more than 9.5 percent of his salary. For example, a worker earning $40,000 a year cannot be required to pay more than $3.800.
But the law doesnt specifically mandate family coverage and now the administration says that wont be required.
You can see why: If the lowest-cost family plan (again, two adults and three kids) is to run a whopping $20,000, and if the employees contribution is limited to $3,800, the employers tab would be $16,200 adding about $7.40 an hour to the cost of that employee. Wisely, the IRS announced on Jan. 30 that employers wont have to pay for dependent"
http://www.nypost.com/p/news/opinion/opedcolumnists/wheels_coming_off_QPojjZX0Bd8BU80hDpcKZP