Obama Admin: Two Thirds of Small Businesses to See Premiums Spike Under Obamacare
“The Obama administration has finally been forced to disclose what we’ve long feared: the president’s health care law means higher premiums for millions of American workers. For all the promises of lower costs for small businesses, the administration now admits that far more of these workers will pay higher than lower premiums under the law. This broken promise comes in the form of lower take-home pay for some of the hardest-working people in this country. Two-thirds of these Americans – 11 million people – will see more money coming out of their paycheck every month, according to the president’s own actuaries. This is another punch in the gut for Americans already struggling in the president’s economy. Two-thirds of small business employers face higher premiums as well, which is one of the reasons so many are struggling to create jobs under the president’s law.
“It’s clear why the Administration sought to delay and deemphasize the release of this report. It undermines the central promise of the president’s health care law: affordable coverage. And the only reason this information has come to light is the hard oversight work of House Republicans. These 11 million people who will see their premiums spike are 11 million more reasons to repeal this law and start over with common sense reform that will make care more affordable, not more costly.” #Obamacare #ThanksObama