Tag Archive for 'Health Insurance'

SBA Poll Results: How is Obamacare affecting your health insurance?

The Question:
How is the impact of Obamacare affecting your health insurance coverage so far?

47% - My plan is still in force for now, with no changes in cost or coverage.

32% - My plan is still in force, but the premium has been increased.

0%- My plan has been cancelled, but I found acceptable coverage in the Exchange.

18% - Exchange options are more expensive and not as good as my canceled plan.

3% - If my plan is cancelled, I won’t be able to afford the Exchange options.

My Comments:
When considering the damage that Obamacare has created, it’s difficult to know where to begin. Over half of our respondents report challenges due to Obamacare, and it’s only been in force for six weeks. One can only imagine how bad things will be a year from now, based on the current trend and the knee-jerk attempts to “fix” the law. And I’m not even talking about the website. And the fear of what this law would do has been a major headwind to economic growth since it passed, by creating more long-term uncertainty that I’ve ever seen in my long career.

As you know, I have been an outspoken critic of Obamacare since day one. I was convinced it was never going to be successful in replacing a 200-year-old marketplace, and nothing that has happened in the past six weeks has surprised me. Obamacare should never have been passed. It took a contrived ruling by Chief Justice Roberts so it could at least seem to be constitutional. And the ineptitude of the government to run anything, let alone create something, has never been more fully in evidence.

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