Thursday, March 28, 2013

America - Now with More Hope and Change.

In passing Obamacare in a flurry of corruption and ignorance, Congress failed to properly provide for the tax credits that would make it affordable:

The most disastrous legislation in modern history continues to unravel before our eyes, asReuters reports on yet another loose thread plucked from the hem of ObamaCare: the IRS has issued rulings that mean the tax credits necessary to make President Obama’s ridiculous plan “affordable” to low-income families won’t be available to many of them.
Tax credits are a key component of the law and the White House has said the credits, averaging about $4,000 apiece, will help about 18 million individuals and families pay for health insurance once the Affordable Care Act takes full effect, beginning in January 2014.
The tax credits are geared toward low and middle-income Americans who do not have access to affordable health insurance coverage through an employer. The law specifies that employer-sponsored insurance is affordable so long as a worker’s share of the premium does not exceed 9.5 percent of the worker’s household income.
In its rule making, or final interpretation of the law, the IRS said affordability should be based strictly on individual coverage costs, however.
That means that, even if family coverage through an employer-based plan far exceeds the 9.5 percent cutoff, workers would not be eligible for the tax credits to help buy insurance for children or non-working dependents.
“It’s an issue. It needs to be fixed,” Ron Pollack, executive director of Families USA, an influential healthcare advocacy group said on Tuesday, referring to what he called “the family glitch problem.”
Incidentally, the title of the Reuters piece is “Little hope seen for millions priced out of health overhaul.”  If only we could send that headline back to 2008!
For Big Government programs, abject failure and the exposure of fraudulent promises never means saying you’re sorry, much less repealing an obviously unworkable law.  No, those failures and lies create opportunities for even more tortured legislation and madcap spending.  They’ll be “fixing” ObamaCare forever… and that makes its political midwives very, very happy.

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