Mt. Vernon Register-News

Opinion

December 31, 2013

2014 will be hard on Obamacare too

(Continued)

Now that 2013 is drawing to a close, we see why Obamacare’s drafters did what they did. Obama’s approval ratings are at or near all-time lows, but that matters little to a White House that already won four more years. And while Republicans have directed the public’s attention toward Obamacare’s woes, their failure to win the White House or a Senate majority in 2012 means that outright repeal of the law remains a pipe dream for now.

Unfortunately for Obamacare’s supporters, the story doesn’t end there. Nor do the political ramifications for Democrats. It may be that 2014 is an even rougher year for the ACA than 2013 was, and I think that will be the crucial reason Republicans regain control of the Senate in the midterm elections. Here’s why.

First, some of Obamacare’s least popular provisions go into effect in 2014. This includes a new $60 billion tax on health insurers, which will be levied relative to premiums collected and directly passed on to consumers. And, of course, Obamacare’s requirement that individuals secure health insurance coverage (or pay a tax penalty) kicks in during the coming year as well.

Second, millions of Americans who buy their coverage on the individual market or get it through small employers will be shocked by just how much their premiums go up in 2014. The young and healthy will be especially susceptible to this rate shock, and this in turn will further drive them away from purchasing coverage in future years. Given skyrocketing premiums, the economic incentives for many of these “young invincibles” are aligned against buying coverage in the coming years. But these are also the people that the ACA most needs to be enrolled through its health insurance exchanges to offset the comparatively higher risk and costs associated with insuring the sick and old. These dynamics may lead to even higher premiums in the coming years.

Text Only
Opinion
  • Remember the pledge Editor:The county board chairman is not being factual with his recent comments concerning the Public Safety Tax Pledge made by the 2004-2010 County Board.First of all, the debt we were facing was caused by the foolish actions of nine board members of

    July 31, 2014

  • Back to the future for death penalty? The surreal national debate over the death penalty reached a climax of sorts July 23 in a prison execution chamber in Florence, Arizona. Double murderer Joseph Wood was put to death by lethal injection shortly after his lawyers went to the Supreme Co

    July 31, 2014

  • Reduce property tax Editor:The regular July meeting of the Rend Lake Conservancy District Board of Trustees is always interesting, and this year was no different. It is at this meeting that the board makes the annual tax levy for the district. Like every year, the debat

    July 31, 2014

  • Away from the tyranny ‘Without courage, we cannot practice any other virtue with consistency,” the late poet Maya Angelou reflected in an interview with USA Today in 1988. “We can’t be kind, true, merciful, generous or honest.”What a poem Angelou might have written about

    July 31, 2014

  • No Headline Provided House and Senate conferees have agreed on a $17 billion bill to address the scandal over poor health-care service at the Department of Veterans Affairs. The legislation is now on a fast track to pass Congress before its August recess, showing that Re

    July 31, 2014

  • Shackled by 'dead men' In theory, the American people’s elected representatives decide every so often how much to tax the public and how to allocate the revenue among various priorities, both short-term and long-term. In practice, however, Congress and the president have a

    July 31, 2014

  • Close the tax loophole that sends US corporations overseas Since we last overhauled our federal tax code, in 1986, countries around the world have lowered their tax rates, leaving the United States with the highest corporate tax rate in the developed word. At the same time, the system has become full of inef

    July 29, 2014

  • Israel and the U.S.: Whose survival instinct is stronger? There’s something darkly coincidental in the fact that the latest weapon to be deployed against the survival instinct of both Israel and the United States is an alleged “heartlessness” when it comes to children. The people of Israel are castigated in

    July 29, 2014

  • College cost isn't big problem for poor students To judge by this summer’s banner policy proposals, the most important question for higher-education reform right now is giving students easier access to loans. But evidence from Canada suggests those changes won’t address the greater need: Getting mo

    July 29, 2014

  • Ducks, geese a blessing I would like to respond to the “Geese and ducks causing problems in Veterans Park” article that was published in the Mt. Vernon Register-News on July 16, 2014. I must share that I do understand that at times there have been a great number of the Cana

    July 29, 2014

Twitter Updates
Facebook
Stocks