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CBO Confirms Obamacare's Individual Mandate is a Paper Tiger
Instablog ^ | 8/7/2014 | John Sexton

Posted on 08/07/2014 5:05:13 PM PDT by markomalley

Broad exemptions to Obamacare's individual mandate, including one added secretly last year, make the mandate a paper tiger. In June the CBO confirmed this by raising its estimate of the number of people who could claim an exemption and sharply dropping its estimate of the number of people who will pay a penalty.

The Wall Street Journal reports, "almost 90% of the nation's 30 million uninsured won't pay a penalty under the Affordable Care Act in 2016." In 2012 CBO said 18 million could qualify for exemptions. This year CBO said that number was 23 million. As for those who will wind up paying a penalty for non-compliance, CBO originally estimated 6 million people would pay. This year they dropped that estimate to 4 million people.

The individual mandate has long been viewed by supporters of the law as one key to making the math work out. It requires younger, healthier people who often go without insurance to buy a plan at an artificially high price. Because those people won't utilize the services they pay for as often, they help subsidize the cost of insuring older, sicker individuals. Without the mandate in place, Obamacare could face a death spiral of increasing rates and fewer people signing up.

Initially there were 12 exemptions to the mandate, most of which were fairly targeted. But last December HHS added two more exemptions. One of those, an exemption for people whose insurance had been cancelled as a result of new Obamacare regulations, was highly publicized at the time.

(Excerpt) Read more at breitbart.com ...


TOPICS: Editorial; Government
KEYWORDS: democratcare; obama; obamacare

1 posted on 08/07/2014 5:05:13 PM PDT by markomalley
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To: markomalley

Can we start blaming Hussein yet?


2 posted on 08/07/2014 5:20:28 PM PDT by Libloather (Embrace the suck)
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To: Libloather
Can we start blaming Hussein yet?


3 posted on 08/07/2014 5:23:29 PM PDT by markomalley (Nothing emboldens the wicked so greatly as the lack of courage on the part of the good -- Leo XIII)
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To: markomalley
Chest pains?

Bad cut?

Exempt from ObamaCare?

See you at the E.R.

Just like BEFORE ObamaCare!

So - we spent $100 billion, we completely destroyed our old medical system, and now we are right back at the same place?

4 posted on 08/07/2014 5:24:01 PM PDT by zeestephen
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To: markomalley
Without the mandate in place, Obamacare could face a death spiral of increasing rates and fewer people signing up.

Gee, that would be too bad.

Actually, that is exactly what nobama wants. Obamacare is nothing more than a damned expensive bridge to single payer.

5 posted on 08/07/2014 5:27:59 PM PDT by upchuck (It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care.)
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To: markomalley

See tag line.


6 posted on 08/07/2014 5:37:04 PM PDT by Carry_Okie (ObamaCare IS Medicaid: They'll pull a sheet over your head and send you the bill.)
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To: markomalley
....enter Hillary in 2016 with the grand solution, SINGLE PAYER!!!!!!!!!!.. AND THE LADIES GO WILD, YAAAYYYYYYY!!!!!!!!

HIL-LAR-EEEE HIL-LAR-EEEEE HIL-LAR-EEEEEEEE!!!!!!!

7 posted on 08/07/2014 5:47:20 PM PDT by CivilWarBrewing
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To: markomalley
1. Be late (once or more in six months)on your power or water bill.(check)
and/or
2.Claim confusion on the requirements, and being too afraid to ask for help, lest any or all Federal agencies like the IRS/DHS/DOJ/NSA/EPA/TSA,(DNC)etc places oneself at risk of being on a domestic terrorist watch list...(check)

Everyone is good to go, to avoid any and all potential penalties for non-compliance!

Especially if you live in one of the 36 states who did not set up state exchanges.

8 posted on 08/07/2014 5:49:41 PM PDT by sarasmom
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To: CivilWarBrewing

Do you really think Republican and Independent women voters would vote for Hillary Clinton for POTUS simply because she is female?

ROTFLMAO!

All Democrats would vote for her, certainly.
Male and Female alike.That’s not in doubt, were she to be nominated.

Everyone else?
Not so much.Not at all.


9 posted on 08/07/2014 6:03:11 PM PDT by sarasmom
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To: markomalley

Why doesn’t every company and organization that DOESN’T have an exemption just exempt themselves and say “Well, they did it first.”


10 posted on 08/07/2014 6:22:35 PM PDT by VerySadAmerican (Liberals were raised by women or wimps. And they're all stupid.)
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To: markomalley
Without the mandate in place, Obamacare could face a death spiral of increasing rates and fewer people signing up.

No it won't. They will resort to rationing healthcare to make the costs even out - just like every other country with socialized medicine. Then they'll start reminding us incessantly that we have the best healthcare system in the world. The British government does that and the people believe it.

11 posted on 08/07/2014 6:23:02 PM PDT by SeeSharp
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To: sarasmom
Good post.

I called our water company and asked, "If I don't pay my bill, how long until a shut-off notice is issued?"

Answer: "It will be on the next bill."

12 posted on 08/07/2014 7:48:59 PM PDT by T Ruth (Islam shall be defeated.)
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