GOP Blog

More Studies, More Bad News For ObamaCare

Recent Studies Suggest That ObamaCare Is Bad Medicine For Working Families And Small Business

Obama Promised His Plan Would “Bring Down Premiums By $2,500 For The Typical Family.” (Sen. Barack Obama, Remarks Of Senator Barack Obama Economic Roundtable With Democratic Governors, Chicago, IL, 6/20/08)

Study Finds That Ohioans Could See A Premium Increase Of 55 To 85 Percent When ObamaCare’s Provisions Are Phased In. “Ohioans who buy individual insurance policies could see their premiums jump 55 to 85 percent in 2014 when key provisions of the new federal health-care law kick in, according to a new report.” (Catherine Candisky, “Insurance Premiums Expected To Increase, Report Says,” The Columbus Dispatch, 9/20/11) 

Workers Will See A Premium Increase In Health Care Coverage Provided By Their Employer. “Rates also are expected to increase for those with employer-sponsored coverage but not nearly as much.” (Catherine Candisky, “Insurance Premiums Expected To Increase, Report Says,” The Columbus Dispatch, 9/20/11)

  • The Analysis Finds That Premiums Offered Through Small Businesses Could Increase 5 To 15 Percent While Large Employers Premiums May Increase 3 To 5 Percent. “The analysis by Milliman Inc. projected that premiums on policies offered through small businesses could increase 5 to 15 percent while the cost of insurance through large employers may jump 3 to 5 percent.” (Catherine Candisky, “Insurance Premiums Expected To Increase, Report Says,” The Columbus Dispatch, 9/20/11)

 

Obama Administration’s Own Study Finds That The Health Care Tax Credit Won’t Keep Small Businesses From Dropping Health Coverage For Their Employees

Small Business Administration Finds That ObamaCare’s Health Insurance Tax Credit May Not Spur Small Businesses To Offer Health Care.“A new study by the Small Business Administration shows the health insurance tax credit, effective starting in the 2010 tax year, may not be enough incentive for small businesses to offer their employees health care. Only about two-thirds — 2.6 million of the 4 million eligible small businesses – will benefit from the health insurance tax credit included in the Patient Protection and Affordable Care Act of 2010, according to the study.” (Janean Chun, “Is The Tax Credit Enough To Boost Small Business Health Care?” The Huffington Post, 9/20/11)

Less Than A Third Of Small Businesses Even Qualify For The Temporary Tax Credit. “The credit, which is only available for a maximum of six years,  puts small business owners through a series of complicated ‘tests’ to determine if they qualify and how much they will receive. Fewer than one-third of small businesses even pass the first three (of four) tests to qualify: have 25 employees or less, provide health insurance, and pay 50% of the cost of that insurance.” (Dan Danner, Op-Ed, “ObamaCare Vs. Small Business,” The Wall Street Journal, 5/27/10)