Obamacare Isn’t Doing Much to Help Unemployment Rates

I will sign a universal healthcare bill into law by the end of my first term as president that will cover every American and cut the cost of a typical family’s premium by up to $2,500 a year.

These are the exact words that Obama spoke during his presidential campaign, and the words that ultimately led to the passing of the Affordable Care Act in late 2009. Yet, as January 1, 2014 swiftly approaches – the date the ACA is to go into effect nationwide – it is becoming increasingly clear to Obama’s many supporters that this universal healthcare bill won’t be as affordable as they’d hoped.

As Obamacare’s full implementation draws near, Americans are watching in dismay as their premiums sky-rocket. Even Colorado is experiencing what many experts have come to call “rate-shock.” Sadly, though, Colorado’s rise in premiums is on the lower end of the spectrum, with their rates expected to go up only 19%-41%. Other states can expect to see an increase of over 100%!

While one might expect higher premiums to hit wealthy, older and sicker individuals, this isn’t the case – those who can expect to get hit the hardest are the young and healthy, and families—all of which are already struggling to make ends meet. Small businesses are already preparing for the worst as well; 61% of small business owners aren’t hiring out of fear that if they do, they won’t be able to afford the high costs of healthcare for their employees. This only contributes to the mess that America is slowly spiraling into, because not only are employment rates near historic lows, but with business owners trying to cut overhead at every turn, and with Obamacare looming ahead, employment rates aren’t projected to get much better any time soon.

So far, Obamacare looks to be doing more harm than good. Check out how much other states rates are expected to increase at http://coloradopeakpolitics.com/2013/03/20/obamacare-cost-health-insurance-premiums-rise-nationwide/.

  Date posted: Thursday, July 4th, 2013
Category: Health Care Reform

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