Perhaps the question is no longer if Obamacare will wreak havoc on the American economy.
Instead, the query seems to have morphed into something far more dire and prophetic: Just how much chaos will the law inflict upon the American people, businesses, and the economy?
Many wonder, too, if the law will actually improve the country’s health care system.
The law is having a rough spring, with criticism coming from its own architect, job creators worried about health care mandates, and science itself.
Formally known as the Patient Protection and Affordable Care Act, Obamacare should be fully phased in by Jan. 1, 2014. As the date creeps up on the federal government, some, including the point man behind the law, grow nervous about implementation.
Baucus predicts a “train wreck” if HHS botches Obamacare implementation.
“I just see a huge train wreck coming down,” Montana Democratic Sen. Max Baucus, the politico who spearheaded the reform effort, told Health and Human Services (HHS) Secretary Kathleen Sebelius at an April 17 hearing.
The now-retiring Baucus expressed grave fears that HHS isn’t adequately prepared to administer the complex law.
Republicans quickly pounced on the Democrat’s words, saying his admission is an early sign of the law’s failure. Democrat Senate Majority Leader Harry Reid, of Nevada, affirmed Baucus’ position two weeks later, warning that the federal government must have adequate resources to set up the law and educate the public about its benefits.
Any taxpayer-funded public relations push would have to perform mightily to match the negative anti-Obamacare vibes spilling out of America’s private sector. Job creators routinely forecast dire effects they believe the law will have on hiring.
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(Excerpt) Read more at dailyreckoning.com ...
