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Even Obama seems to be losing faith in Obamacare
Yahoo Finance ^ | 3/6/14 | Rick Newman - The Exchange

Posted on 03/07/2014 10:17:41 AM PST by NormsRevenge

If you’d like the government to change something about Obamacare, give the White House a ring. They’re in a flexible mood.

President Obama this week approved yet another delay to provisions in the Affordable Care Act, giving insurers until 2016 to sell a type of insurance policy that’s supposed to be banned under the health-reform law. The ban, which was supposed to begin this year, would prevent insurers from selling bare-bones plans that might be affordable but don’t abide by 10 “essential service rules” required under the new law.

When insurers began canceling such coverage last year, however, several million Americans were forced off plans they had chosen, with most alternatives being more expensive. That undermined Obama’s frequent claim that “if you like your health insurance, you can keep it,” and turned into one of the most controversial elements of a law that hardly lacks detractors.

In November, Obama announced a one-year delay in the ban on “substandard” plans, as he used to call them. Now, extending the delay to 2016 will “provide consumers with choices so they can decide what is best,” the government says. Yet these limbo plans — temporarily allowed but bound to vanish at some point — defy the whole intent of Obamacare, as if the president is losing faith in his own plan. “This is a political move to minimize the impact of this as an argument against Democratic candidates,” says Sean Nicholson, a management professor at Cornell University.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Crime/Corruption; Culture/Society; Government; Politics/Elections
KEYWORDS: 0carenightmare; abolishobamacare; aca; epicfail; faith; losing; miserablefailure; obama; obamacare; obamacareillegal
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To: NormsRevenge

If it isn’t free, no one wants it.


21 posted on 03/07/2014 11:22:12 AM PST by VRWC For Truth (Roberts has perverted the Constitution)
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To: NormsRevenge

I believe his and the democrats’ plan is to try to keep this law into effect until after he leaves the White House. Then the next president can be blamed for destroying Obama’s signature legislation.


22 posted on 03/07/2014 11:40:56 AM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: GOPJ

I know that ,,, the pubbies need to hammer the obvious point of someone who demanded it HAD to be done or else, and that same someone obviously doesn’t think it’s THAT important.


23 posted on 03/07/2014 12:10:08 PM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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