Tuesday, March 26, 2013

The Perfect Storm: Senate's Mid-Term Elections In The Middle of The ObamaCare Debacle

The stories are everywhere: folks are finally starting to see the ramifications of the ObamaCare debacle. As Ms Pelosi predicted, once folks read the law, they will know what is in it. This is the most recent story: business groups in states that have said "no" to ObamaCare are asking for the President's help. Businesses in those states can't afford the $3,000/employee penalty.  (They won't get help from Mr Obama signature program; he will count on the Senate/Congress to delay enactment/penalties until after the mid-term election; claiming more time is needed to put the necessary bureaucracy in place.) Here's the story alluded to:
Under the 2010 Affordable Care Act, or “Obamacare” as it is known, states were required to expand Medicaid, the federally funded health insurance plan for the poor and disabled, with the federal government covering all costs for three years and the states paying about 10 per cent of costs after that. 
But the Supreme Court said last year the state mandate was unconstitutional and gave states the right to opt out. So far, 14 have [opted out], meaning employers of low-wage workers in those states will either have to offer insurance plans to employees or face federal penalties.
In states that are not expanding Medicaid, employers will have to pay $3,000 for each employee who joins a state exchange programme to buy health insurance.
Meanwhile, with another Democratic retirement, that's "democratic" with a "big D," it looks like the Dems will lose the Senate in 2010 unless there's a  miracle.
“The battle for the Senate will come down to Democrats’ ability to hold seats in Republican-leaning states,” said Nathan Gonzales, deputy editor of the non-partisan Rothenberg Political Report, based in Washington. “A lot depends on how popular the president is” next year “because if people are dissatisfied, their option is to vote against the president’s party.” 
 I assume if it's that "bad" in the Senate, the House is even "worse."

Yes, this looks like the perfect storm: ObamaCare ramifications hit the 2014-mid-term elections.