“Arbitrary power is most easily established on the ruins of liberty abused to licentiousness.” –George Washington
“House Republicans plan to vote this week on a bill that would delay ObamaCare’s individual mandate, adding to the one-year delay of the employer mandate the administration already announced. … But even if President Obama were to sign an individual mandate delay bill into law — highly unlikely — it would be largely meaningless in terms of avoiding ObamaCare’s long-term health care and budget disasters. … In practical terms, a one-year delay in the individual mandate would go virtually unnoticed. The penalty for not buying insurance next year is a tiny $95, hardly enough to convince the young and healthy — for whom the mandate was designed in the first place — to buy coverage if they weren’t already so inclined. And those most likely to sign up for benefits in the ObamaCare exchanges won’t care about the mandate either, since they’ll be older and sicker people who stand to benefit both from the tax subsidies and the ObamaCare market regulations that artificially lower their premiums. … It’s why Obama was so willing to delay the employer mandate in the first place — since doing so virtually guarantees that hundreds of thousands more people will end up at an ObamaCare exchange after their employers use the delay to drop coverage. It also helps explain why Obama is letting states simply take the applicants’ word for it that they don’t have coverage available to them at work and that their income really is as low as they claim. Despite the fact that it opens the door to fraud, lax enforcement guarantees more will sign up for Obama-Care subsidies. The fact is that the problems with ObamaCare run far deeper than the employer and individual mandates. With or without them, the law will still drive up insurance costs, massively increase federal spending, create huge doctor shortages, impose $1 trillion in new taxes, hurt job growth, and do nothing to rein in health care costs. This apparently is of no concern to Obama or Democrats. If anything, they might welcome it, since the more expensive health care becomes, the more Americans will be dependent on the government to afford it.” —Investor’s Business Daily
Reprinted with permission.
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