5 Reasons Obamacare Won't Save You

The official enrollment period for the Affordable Care Act's "transformative" health care reforms - aka Obamacare - goes into effect on Tuesday October 1.

Here's are the five biggest things you need to know.

1. Obamacare won’t stop premiums from rising. Premiums were rising before the health law, and Obamacare isn’t going to change that. The law’s biggest effect will be in the individual market, where, for some people, plans are likely to be significantly more expensive than individual market plans were before the law — even, in some cases, after the application of taxpayer-funded subsidies.

2. Employers will drop benefits and reduce hours. Obamacare's rules forcing employers to cover employees working more than 30 hours a week will push some companies to trim hours and create more part-time staff. This is already happening, including one case where an Obamacare call center made sure its many of its workers were part-timers! It's likely that several million people will transition from their current employer insurance to the exchanges. Some estimates say the numbers could be even higher, which would mean that taxpayers end up shelling out for more subsidies.

3. Don't expect the exchanges to work smoothly. The administration has failed to hit many of Obamacare's implementation deadlines so far and its likely that the law's insurance exchanges aren't ready for primetime. Online enrollment is definitely being delayed in at least one state — Oregon. Reports are surfacing that the pricing mechanism isn't working right in the federal exchanges that will be running in 34 states.

4. Health care entitlements are still the nation’s biggest fiscal problem. Over the next 25 years, federal spending on “major health care programs” is expected to rise from about 4.6 percent of the economy to about 8 percent. About a quarter of that rise is specifically due to Obamacare. More than anything else, federal spending on programs such as Medicare - and now Obamacare - is why spending patterns are unsustainable.

5. Don't expect the law to be delayed or defunded. Republicans in Congress have been making a big fuss to defund or delay Obamacare. But congressional options for killing Obamacare are slim right now. There are still some legal challenges in the works that could impair the law but the smart money is that most of the law's provisions go forward as scheduled.

About 2.30 minutes.

Produced by Nick Gillespie and Peter Suderman, who narrates, and edited by Joshua Swain.

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  • NoVAHockey||

    That's how Obama signs his name? the b inside the O.

  • Almanian!||

    Well, that's the among Kenyans

  • Almanian!||

    ..."style"...

  • Oso Politico||

    I am no handwriting expert but his signature looks awfully shaky, like his thinking, perhaps.

  • Oso Politico||

    I am no handwriting expert but his signature looks awfully shaky, like his thinking, perhaps.

  • Oso Politico||

    I am no handwriting expert but his signature looks awfully shaky, like his thinking, perhaps.

  • Oso Politico||

    I am no handwriting expert but his signature looks awfully shaky, like his thinking, perhaps.

  • Oso Politico||

    I am no handwriting expert but his signature looks awfully shaky, like his thinking, perhaps.

  • Oso Politico||

    I am no handwriting expert but his signature looks awfully shaky, like his thinking, perhaps.

  • Almanian!||

    ^^this X 6

  • Hillary's Clitdong||

    Clearly, the squirrelz are busy.

  • Paul.||

    Just a tip, yelling the same thing again over and over doesn't help us understand.

  • Paul.||

    Is this one of those "Obamacare and You" PSAs that's been funded by the Obama administration? Because if it is...

  • Fist of Etiquette||

    "I think that it's important for us to recognize and acknowledge that this is working the way it's supposed to."

    I actually don't doubt that.

  • ||

    That's his real signature? Really? Really really?

  • John||

    Serious question, how long would the government have to shut down before damaging the country and causing as much harm as this monstrosity? A month? A year?

    Seriously, we do need a government. So lets forgo the "the longer the better" remarks. I think that it would be a long while before the scales balanced out. And considering that Dem interests groups are hurt by a government shut down more than R interest groups and that the majority of the country hates this law and knows it is a disaster, how long before the Dems rolled over and defunded it?

  • Paul.||

    Again, you have to define "shut down". As its been proven in previous shutdowns (1994), after an extensive-- and I mean extensive-- media search, the kind of obscure shit that stops after a shutdown hardly makes a meaningful difference to the daily lives of most Americans.

    Now, if you're talking about a more extensive shutdown, like Detroit, you can see that even there things seem to move along relatively well.

    But notice... notice, that even when the Detroit government has "collapsed", the code enforcement people and people who bless business licenses are in full swing. Even the government finds a way to keep its hammer of power swinging in even the toughest times. Especially when that arm is even remotely connected to 'revenue enhancement'. The government is acutely aware of incentives.

  • John||

    That is just it, it would be a pretty long time wouldn't it? Don't the Republicans owe the country shutting the government down to stop this?

  • Paul.||

    Well, school kids get a summer vacation, why can't ordinary Americans get a summer vacation from government? Even if it only comes once every 20 years?

  • NotAnotherSkippy||

    They would get crucified at the polls, unfortunately. Best to make the most of the show now and keep pushing the issue in the future one sequester at a time. Still waiting for the planes to fall out of the sky on that one...

  • ||

    Come October 1st, they'll be one kind of news story: personal accounts of uninsured people buying insurance and talking about it changing their lives forever. The whole issue will come down to a few dozen Susan Ogendorps from Omaha, Nebraska, who just love Obamacare, and if you disagree, then you must hate all the poor, humble Susan Ogendorps in the world.

  • amelia||

    I don't have health insurance. I've been denied twice due to preexisting conditions. I both dread and am curious about what will happen when I apply for insurance under Obamacare. I get to find out how long it will take to get an actual quote. I'm wondering how it will compare to the COBRA premium I was paying a couple of years ago ($700 per month). I don't anticipate it being much less. I couldn't afford it then and can't now.

  • XM||

    I don't have health insurance either, and I NEVER had full coverage (the kind now mandated by Obamacare) in the United States. NEVER. This is probably true for most "insured" Americans.

    I'm afraid the odds aren't in O-care fan's favor. Tax subsidies help, but the bottom line is, a lot of people will go from paying nothing for their healthcare to now spending almost 100 dollars month in healthcare (some bronze plan, I assume).

    Are there many 25 year old kids (whose parents aren't insured, let's say) who are rushing to their computers trying to compare prices in the exchange? Or are they playing GTA5? A lot of kids in their mid 20's in my circle think Obamacare is free healthcare for all. That's the extent of their knowledge of this new healthcare mandate.

  • Carolynp||

    I tend to agree with you there. When we first left grad school, we purchased health insurance for ourselves and our kids for a painful $1k per month. That was ten years ago. I just don't see the occupy generation being big on planning towards the future. Else, why would they have gotten degrees in "Women's theology" and "18th Century British Literature"?

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