Wednesday, November 12, 2014

Obamacare begins to unravel

Yahoo ^ | 11/12/14 | Rick Newman 

There was strong opposition to Medicare before it went in to effect in 1965, but after that, the health program for seniors quickly became an accepted and even popular part of the U.S. medical system.
Supporters of the Affordable Care Act, President Obama’s bold health reform law, often highlight the similarity to Medicare in terms of initial opposition. But Obamacare, as the ACA is known, is hardly catching on like Medicare did (at least not yet). In fact, the law suddenly seems more threatened than at any time since it was passed in 2010, and it’s now possible the whole unwieldy program could collapse.
Three things happened during the first 10 days of November that amount to a major downgrade in the prognosis for Obamacare. First, Republicans won a majority of seats in the Senate, giving them control of both houses of Congress. Second, the Obama administration sharply lowered its estimate for how many people will enroll in Obamacare in 2015. Third and probably most important, the Supreme Court agreed to hear a sleeper legal case that could have devastating consequences for Obamacare if the justices side with the plaintiffs.
(Excerpt) Read more at finance.yahoo.com ...

T-Shirt