The Real Costs of Obamacare More than Double Benefits

Yesterday, it was reported that Sen. Barbara Boxer (D-CA) and Sen. Chris Murphy (D-CT) claimed Obamacare, aka the Affordable Care Act, was working, and they had the numbers to back it up even though those numbers were not revealed. So far, there have been no reliable, verifiable, or accurate numbers printed in any new media. What are the numbers on Obamacare?

The Daily Caller reported on the regulatory costs of Obamacare versus its benefits. It will surprise no one that “the annual costs of Obamacare regulations come in at $6.8 billion a year so far – around 2.5 times the total benefit of its heavy-handed regulations, according to study released Monday.”

The study showed the federal government’s estimate of the regulatory benefit at approximately $2.6 billion annually, while the cost of complying with these regulations hits almost $7 billion. So, the increased efficiency and productivity projected by the federal government will be exceeded by the cost to comply with the new regulations. Looking through the formula using standard math, it seems Obamacare will actually cost $4.4 billion dollars more in regulatory compliance than it saves through efficiency and productivity. Since the government is pushing Common Core – the answer is correct as long as you can show how you arrived at the answer – math; it must have used common core math to arrive at significant savings.

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The report issued by American Action Forum (AAF) indicated “regulations have imposed over $27.2 billion in total private sector costs, $8 billion in unfunded state burdens, and more than 159 million paperwork hours on local governments and affected entities.” This is just in the first four years since the law was signed. Implementation of Obamacare by state governments and the private sector takes 159 million paperwork hours per year – that computes to “80,000 employees working 50 weeks per year full-time” at 40 hours per week, not the 30 hour threshold defined by Obamacare as full-time employment.

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AAF’s Sam Batkins, who authored the study, indicated “These burdens obviously cost state and private entities time and money which could otherwise be devoted to productivity, not regulatory compliance.”

Per the Daily Caller:

The tallied costs of the Affordable Care Act don’t include the Congressional Budget Office’s prediction that the law will reduce employment by 2.5 million by 2024, for one, or inefficiencies in insurance policy cancellations and widespread problems with federal and state Obamacare exchanges.

Some parts of the law aren’t analyzed at all: federal regulations on the employer mandate – widely lambasted for placing undue burdens on companies large and small – simply don’t include costs, benefits or paperwork requirements. Batkin concludes that when it comes to this cornerstone of Obamacare, “the public has little knowledge of the law’s broader impact.”

Obamacare authorizes at least 11 regulations that will have significant economic impact on small businesses, including mandatory labeling for restaurant menus and vending machines and payment systems policies, among others. The total bill will be $1.9 billion for small companies, according to the federal government’s public numbers.

The transparency of the federal government at work is clearly evident in the “numbers” regarding every aspect of Obamacare.

The American taxpayer gets hit once again. Not only will higher taxes impose an additional $42 billion dollar burden this year, Obamacare regulations will compound that figure bringing the total to $49 billion. The American Taxpayer Relief Act of 2012 is anything other than taxpayer relief – the only relief it seems to be doing is relieving Americans of more of their hard-earned money to line the Washington coffers for miss-spending. When you add in the travesty of Obamacare, one can begin to see why no one in Washington really wants to come forward and honestly talk about any of it.

The AAF reports concluded that similar results could be seen in 2015 without reform.

Through Obamacare, Americans are being relieved of hard-earned money, work-hours, previous health care plans, and in some cases employment. The question that should be answered by all these politicians is “Is this law, initially enacted to assist a small segment of the American population that destroys the majority of Americans designed to do anything, but destroy the middle working class?” It’s a fair question. After looking at what data has been exposed, there can be no other conclusion except this law was designed to destroy, not only our health care system, but the middle class. Every member of Congress, who voted for this law, knows it, hid it, still hides it and sprays the stench of the manure they are spewing with booze laced Kool-Aid while trying to put rose-colored glasses on the population.

Everywhere you turn, the failures of Obamacare are certainly more prevalent than the successes. If the successes were so numerous, Democrats would be parading these stories through the news so fast there would be no time or space left to report the failures – the lapdog media would eagerly do their bidding to keep their “savior” from wiping egg off his face. If the truth was known, if the savings were so great for Americans, the Democrats would have posted all the information available ASAP in order to rapidly gain support for the violation of the Constitutional limits imposed on the federal government and the violation of individual God-given rights that Obamacare has imposed. Remember Franklin D. Roosevelt? He gained widespread approval from the American public for his implementation of communist/socialist programs to the point Americans were enthusiastically clapping away their liberty.

The Democrats did none of this. Their action in passing this law without the support of the majority of Americans was secretive, less than transparent and downright tyrannical. So Boxer and Murphy trotted out yesterday with their same old pat phrases of how many millions the law is helping with the numbers to back it up claiming they are all about the truth. However, these numbers on the regulatory cost of Obamacare along with the indication that the public has little knowledge of the full impact of this unconstitutional law indicates anything but the truth has been presented by Washington from both sides of the aisle. It is an election year, so it’s time to snow the voters so these despots can keep their position.

There is no real way to “reform” this travesty of a law. Reform produces more costs, more costly regulations and more wasted hours for implementation of reform. And, reform means just another way to stick it to the American taxpayer. At this point in time, there seems to be no way to repeal this atrocity or any way for the House to pull the plug on funding. The real fight lies, and always has, at the state level on a state by state basis for nullification. The federal government has no power to force the people to purchase health insurance or the states to assist the federal government in implementing this law.

Remember the Tenth Amendment, “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”

If the Republicans gain control of both the House and Senate and institute “reform,” there will be no more Obamacare, but a Republican form of the same song with a different dance.

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