Top Five Obamacare Promises to Remember

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Top Five Obamacare Promises to Remember Remember when former Speaker of the House Nancy Pelosi (D–CA) told the American people that “we have to pass the [health care] bill so that you can find out what is in it”? Well, it’s been over two years since the enactment of Obamacare, and we’ve found out a lot. Not only are the provisions currently in place falling short; the promises made about the health care law look to be broken. We've rounded up five of them: 1.     The law won’t raise taxes on families making less than $250,000 a year. Obamacare includes over 18 new taxes (including the individual mandate) that will hit the middle class. These taxes come in all forms: on insurers, prescription drug manufacturers, medical device makers, and even tanning salons. Of course, the Administration would be quick to point out that none of these taxes is on individuals. But common sense tells us that these taxes will be passed on to the consumer. As a result of the Supreme Court decision, the individual mandate is now a tax and one that the Administration can’t run away from. A new report from the Congressional Budget Office shows that nearly 70 percent of the individual mandate will be paid for by those earning less than 400 percent of the federal poverty level. 2.     If you like your health plan, you can keep it. Facing great uncertainty as a result of the struggling economy and the health care law, would anyone be surprised if more employers decide to drop coverage and pay the penalty than originally predicted? It makes sense for an employer to get out a calculator and set aside a lump of money to pay the government each year rather than worry about aligning their plans with still unknown and likely ever-changing government mandates. And don’t think this broken promise just affects those with employer coverage—seniors will be hit, too. The chief Medicare actuary projects that enrollment in the ever-popular Medicare Advantage options will decline by 50 percent as Obamacare cuts go into place. Read the full list on The Foundry >> Updated: Obamacare in Pictures Supreme Court Allows States to Opt out of Medicaid Expansion Medicare and Seniors: Answering the $6,400 Question There is No 'Conservative Case for Obamacare' Medicare's Status Quo: No, We Can't   69% OF THOSE HIT BY THE INDIVIDUAL MANDATE TAX ARE MIDDLE- OR LOW-INCOME AMERICANS Obamacare is hammering the very people it was intended to help. Learn More >>     About The Heritage Foundation Founded in 1973, The Heritage Foundation is a research and educational institute — a think tank — whose mission is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense. The Heritage Foundation | 214 Massachusetts Ave NE, Washington, DC 20002 | 202.546.4400 | heritage.org