Is This News a Crushing Blow to Obamacare's Credibility?

There isn't much that the stock market dislikes more than uncertainty; and there are few pieces of legislation to have worked their way through Congress with more question marks than the Patient Protection and Affordable Care Act, known also as Obamacare.

This health reform bill, which will greatly expand the number of insured individuals in the U.S. while also capping insurers' profits, is set to go into full effect in just under six months... or so we thought.

Source: White House on Flickr.

A crushing blow to the U.S. labor force
Having just this weekend examined the merits of whether the federal government was ready to handle the technological, staffing, and educational aspects of setting up the complex health insurance data center and leading 34 separate state health exchanges, we received what I consider to be devastating news last night from the White House. According to the Obama administration, it will be announcing later this week a postponement to the health care law requirements (known as the employer mandate) for medium-to-large business for one additional year, until Jan. 1, 2015.

If you recall, as part of Obamacare, businesses with 50 or more employees are required to offer health care options to their full-time employees (defined under the PPACA as working 30 or more hours). Although these businesses aren't obligated to pay a cent of their employees' health care premiums, if the costs of their employees' premiums tops 9.5% of their income, the business is penalized between $2,000 and $3,000 on a per-employee basis.

The prospect of this penalty sent shockwaves throughout the large business sector and prompted job and hour cuts across a number of industries. Regal Entertainment (NYSE: RGC  ) , the nation's largest movie theater operator, slashed weekly hours for thousands of its employees and squarely blamed Obamacare for the cuts. Medical device maker Stryker (NYSE: SYK  ) took a slightly different approach but delivered similar end results. Because of the 2.3% medical device excise tax, which will be used to help fund the Medicaid expansion, Stryker shed 5% of its workforce in order to save more than $100 million annually.

The decision to give medium-to-large businesses an extra year to prepare was summed up by the Associated Press, which had been in discussion with White House advisor Valerie Jarrett, as: "She [Jarrett] said since enforcing the coverage mandate is dependent on businesses reporting about their workers' access to insurance, the administration decided to postpone the reporting requirement, and with it, the mandate to provide coverage." 

While the explanation by Jarrett makes sense, the only reward here is for U.S. businesses, which will get another year of potentially full-time employment from their workforce. In return, the U.S. labor force gets another 18 months of uncertainty as to how their employer is going to handle the implementation of Obamacare. Although I noted a study a few months ago that showed only 11% of employers had altered their hiring habits, or planned to cut hours or jobs in anticipation of Obamacare, if any of these employers are big corporations, then we could have a very large problem on our hands. 

Not so fast, individual health insurance buyers...
If you've been jubilantly cheering the delay up until now and are an individual health insurance purchaser, you may not be nearly as excited to find out that the individual mandate will still go into full effect on Jan. 1, 2014.

A big component to yesterday's delay announcement has to do with seeing how quickly workers adapt to the new law and sign up for insurance. Admittedly, the penalty for failing to sign up for health insurance for the average worker is going to be pretty low in 2014 (a flat fee of $95 or a percentage of income), but will escalate each year through 2016. There has been talk that individuals may choose to take the penalty since it would be, in some cases, considerably cheaper than purchasing even the least costly health insurance plan on the health exchanges. If a lot of individuals choose to go this route, delaying the employer mandate isn't going to make much difference to the success of Obamacare.

The other piece of the puzzle I examined over the weekend and relates to whether the government is ready to implement the insurance exchanges in just 90 days. If history serves as any indicator, it's going to be a glitch-filled and shaky start. It took the Bush administration three full years to prep for the implementation of the Medicaid Modernization Act, with work on that project continuing up to, and after, its launch. Nowadays, with even more riding on the line with regard to cloud-computing technology and needing to simultaneously access numerous branches of the government to determine everything from eligibility to health-plan conformity, the pressure is many times greater.

Is Obamacare's credibility gone?
Regardless of your personal opinion on the merits of Obamacare, the fact of the matter has been that many of the initial promises of the bill haven't been adhered to thus far.

In February, the Centers for Medicare and Medicaid Services, or CMS, proposed a 2.2% reimbursement rate decrease to Medicare Advantage health-benefit providers. Though a bit steeper than many had expected, the reduction proposal followed the basic expectation that the government was going to reduce its cash disbursements to for-profit health-care business. However, following two months of some 160 lawmakers and insurers lobbying the CMS, it decided in April to reverse its decision and propose a 3.3% increase to Medicare Advantage reimbursement rates! At the time, it was great news for Humana (NYSE: HUM  ) and Universal American, which derive about two-thirds and three-quarters of their revenue from Medicare Advantage plans. But, it set an even greater precedence in the sector that health insurers weren't going to cede their pricing power to the government. 

History practically repeated itself just a few weeks later when the CMS reversed its decision yet again on reimbursement rates, this time for acute-care hospital providers like HCA Holdings (NYSE: HCA  ) and Tenet Healthcare. Unlike with Medicare Advantage providers, there wasn't any lobbying involved, just a mere reversal of opinion to raise reimbursement rates for acute-care providers by 0.8% and 1.1% for outpatient acute-care providers. The initial assessment by the CMS had called for a drop of around 1% in reimbursement rates. 

Then came yesterday's decision to back down from the employer mandate deadline and push it back one year, which multiple news outlets have referred to as more politically motivated than anything else with elections coming up in mid-2014.

One big benefit and a potentially huge problem
There is a chance this move could have benefits to the insurance sector and health-benefit providers like WellPoint (NYSE: WLP  ) in that it gives businesses an extra year to figure out how to operate with a part-time labor force and exempt themselves from the penalties that could be associated with needing to offer health insurance and subsidizing their employees. If medium-to-large businesses choose to reduce hours, it could cause employees in increasing number to seek out insurance plans on the state-run exchanges, ultimately validating the effectiveness of Obamacare and making WellPoint -- which purchased AMERIGROUP last year to expand its individual market Medicaid-based member group -- look like a genius.

Conversely, separating the effective dates of the individual and employer mandates makes a difficult bill to understand even more complex. More so than that, it could potentially reduce confidence in a bill that registered its second-lowest favorable rating since it was passed, according to the Kaiser Family Foundation's latest tracking poll. If approval ratings for Obamacare continue to wane, individuals may simply opt to take the penalty rather than sign up for health care, adversely impacting insurers like WellPoint.

The one thing I can tell you is that I'm very eager to see what the next approval rating for Obamacare is according to the Kaiser Family Foundation.

Are you still in the dark about how Obamacare might affect you and your portfolio? Don't worry -- you're not alone. To help prepare investors for the massive changes coming to the American health care system, The Motley Fool created a special free report that makes this complex topic easily understandable. Download "Everything You Need to Know About Obamacare" and discover how the law may impact your taxes, health insurance, and investments. Click here for your free copy today.


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  • Report this Comment On July 03, 2013, at 10:56 AM, Littleeccy wrote:

    Obama is out of his depth, it must be hard to understand finance when you are raised on welfare and food stamps, and never held a worth while job before being elected

  • Report this Comment On July 03, 2013, at 10:56 AM, FiscalHound wrote:

    The bottom line: the Obama administration and its legions of fervent worshippers don't care what the outcome may bring. It's all about perception and placating the the radical base of the party.

    That same logic can be applied to any of Obama's economic actions.

  • Report this Comment On July 03, 2013, at 11:01 AM, lerpderp234 wrote:

    Nice to see motley fool is getting a bunch of money to write irrational hyperbolic headlines. a CRUSHING blow? yeah right a 1 year delay in a small part of the policy.

    Once the individual mandate and banning of pre-existing conditions go through next year, this law will be set in stone.

    The corporatist tears are plentiful.

  • Report this Comment On July 03, 2013, at 11:08 AM, maxsdad53 wrote:

    Here's a tidbit that is in the new Senate immigration bill. LEGAL immigrants aren't eligible for Obamacare... so businesses who hire them are EXEMPT from both insurance costs and penalties. 12,000,000 new workers willing to take low wage jobs... no health care costs... courtesy of Harry reid and the liberals.

  • Report this Comment On July 03, 2013, at 11:10 AM, slanciano wrote:

    Ever wonder what's really in store for you involving Obozocare ?

    Bring up this Youtube portal page and type in the following search criteria:

    Know the TRUTH about the Government Health Care Bill

    Click search - then click on one video icons on the left margin

    This is video reading of the law word for word.No propaganda just the facts.

    After viewing you have ask yourself .... when has government involvement ever resulted in improving efficiency of delivering a service that has resulted in cost savings ? The answer should be self evident. But in the words of Nancy Pelosi... "lets pass the bill so we can read what's in it". So bring up YouTube and listen to the verbatim reading of the ACA so you can appreciate just how convoluted it is. End result thousand upon thousands pages of regulations that have no end in sight. Thought the tax code was complicated ? Think again.

  • Report this Comment On July 03, 2013, at 11:11 AM, soundersfan wrote:

    Of course this is a politically motivated move. Think about it....if companies start cutting hours in order to avoid covering their employees or other companies lay off to help defray the costs of Obamacare....who is going to suffer? Certainly the employees but those in DC who supported Obamacare will also suffer in 2014! This should be blatantly obvious to everyone.....just another ploy on the part of the administration to placate the ignorant part of their base and to get them reelected in 2014.

    If you were an employee whose job was cut because the company couldn't afford the health care obligations OR if you were an employee whose hours were cut AND you still had to pay for insurance on the exchanges (insurance, which by all accounts will cost you dearly), who would you blame???

  • Report this Comment On July 03, 2013, at 11:11 AM, RichardGozinya wrote:

    There's two examples of 25 hour work weeks and loss of jobs. Can't have that before the next election. If business can't figure it out in 3 years one more year won't help. I also don't believe that business owners are not capable of figuring this out. Pure politics.

  • Report this Comment On July 03, 2013, at 11:12 AM, lobo012847 wrote:

    We can only hope that this is just the beginning of MANY more!!! Perhaps enough will be stopped to derail the whole legislative train wreck!!!

  • Report this Comment On July 03, 2013, at 11:12 AM, buni123 wrote:

    this is not a mistake or I told you so victory...this is a deliberate action as part of the clowerd-piven strategy. Those whose insurance coverage is being dropped (pre-exist now covered but at much higher premiums), will end up with exhorbitant premiums or gov't help. NO MORE PRIVATE OWNERSHIP...fine print, assets will belong to government not to reimburse cost of premiums, but the costs of all health care billed and paid. I said 2 plus years ago next step demoralize military, create own,,,this is a step to undermine the working class and remove private ownership of homes and allow government to control assests such a retirement accounts. Far=fetched, read exec orders, Obama care laws, strategies to take down and undermine constitution (ayers, piven, communist credo).

  • Report this Comment On July 03, 2013, at 11:16 AM, IndyColtsFan wrote:

    Small problem here: the law explicitly REQUIRES implementation of this provision on 1/1/14. There is no escape hatch so saying implementation is deferred a year is as meaningful as my saying my hair will reappear tomorrow morning. On a serious note, the real question is, will Congress attempt to exercise its prerogatives or sit there like a lump and let the lawlessness continue? I'm betting lump as in lumpen proletariat.

  • Report this Comment On July 03, 2013, at 11:31 AM, upstateny wrote:

    Hahahaaaaaaa. Who couldn't see this coming? Dems and Reps signing and unread bill. As I heard a comedian once say...our congress should be called "Congress at Bernies".

  • Report this Comment On July 03, 2013, at 11:33 AM, ScottPletcher wrote:

    I'd like to see the *factual* basis for this claim by the article's author: "This health reform bill, which will greatly expand the number of insured individuals in the U.S.". Don't think so -- many people will end up *losing* the coverage they have now.

  • Report this Comment On July 03, 2013, at 11:35 AM, adventa wrote:

    I want to know -- and am a registered and bewildered Independent, not an argumentative Obama-disliking Republican -- exactly how the mandate for individuals to buy health insurance is the least bit constitutional. How on Earth can the govt force us to buy something or be penalized??? Makes NO sense. Seems we shd put our heads together and come up with some legal action to the SCOTUS or something. Next they'll be forcing us to buy GMO foods -- oh, whoops, we're aready forced, without knowing it!!!

  • Report this Comment On July 03, 2013, at 11:38 AM, GuitarJim wrote:

    Max Baucus said implementation of the ACA next year was going to be a "train wreck" - he was one of the AUTHORS of the law. Obama is trying to push some of the worst damage off until 2015, AFTER the 2014 elections. This article is one of the few I've read where the author didn't at least acknowledge that was a possibility. It seems pretty obvious to everyone else.

  • Report this Comment On July 03, 2013, at 11:41 AM, kimba918 wrote:

    Damn Nancy Pelosi and Harry Reid. The 1st problem this fly by night scheme has produced is chaos. Chaos with the insurance companies, chaos with all businesses that fall under this healthcare act, chaos for individuals who do not have insurance through work, and chaos with our economy.

    It is bad enough that we have no idea how much of this healthcare plan will actually become viable due to the constant bickering in Congress and the constant efforts to undo restrictions to insurance companies like pre-existing clauses (and then what happens if that succeeds?).

    But now Obama has given businesses more time to downgrade, layoff, and restructure so that those who are employed face a lose, lose scenario. Those hoping to get employed, can kiss benefits good-bye.

    In essence, Obama has said, "hey, take another year to cluster @#$# your employees now and in the future."

    United Healthcare has announced no more individual policies in California and that will expand. They say they are participants in Washington, only they don't offer any coverage.

    This is a nightmare. It is absolute proof that you cannot take something as giant as national healthcare and plan and pass it like you were creating the year's laundry list using only bleach for detergent.

  • Report this Comment On July 03, 2013, at 11:43 AM, GhostdogWarrior wrote:

    Is "this" a crushing blow to his credability? "This"? LOL I think he lost it years ago ten times over. How about telling George, "Let me be clear, this is NOT a tax" LOL What a liar

  • Report this Comment On July 03, 2013, at 11:44 AM, 2smartforlibs wrote:

    Lapdog new media will never let the Obama care plan get dirty. The lies will just come at a faster rate. Can't let there overlord look bad

  • Report this Comment On July 03, 2013, at 11:44 AM, DannyBoy13 wrote:

    How can a crushing blow be delivered to something that had no credibility to begin with?

  • Report this Comment On July 03, 2013, at 11:45 AM, hbofbyu wrote:

    The more laws passed the better people we become (because we no longer have to take responsibility and think for ourselves). The future is so bright.

  • Report this Comment On July 03, 2013, at 11:46 AM, GuitarJim wrote:

    @adventa, the twisted logic of Justice Roberts is that you're not being mandated to buy anything. As you say, the federal government doesn't have the authority to do that. He came to this conclusion when he determined there was no civil or criminal penalty for opting not to buy health insurance.

    Justice Robert also concluded that the penalty for not buying insurance was, in fact, a TAX. The federal government does have the authority to levy individual income taxes. Justice Roberts concluded that the tax was legal, and you effectively get an exemption from the tax if you buy health insurance.

    Therefore, the government isn't mandating that you buy health insurance. They're mandating that you pay a health insurance tax, or get an exemption from that tax if you purchased health insurance.

    The problem with Justice Robert's interpretation is that it's diametrically opposed to the written law. The law (and it's proponents) went to great lengths to explain that the penalty was NOT a tax, and that the mandate was legal under the interstate commerce clause (which caused Justice Scalia to issue a hearty belly laugh in court).

  • Report this Comment On July 03, 2013, at 11:48 AM, frankbeisel wrote:

    Since Healthcare has become a business providers are constantly trying to extract more money from insurers and government. Healthcare systems are overloaded with PhD management that has little to nothing to do with actual healthcare. The last Hospital I worked for in my 36 years of healthcare management had over 50 managers for a small community hospital with an average daily census of 35 for the acute care hospital and 65 for an attached skilled nursing facility. After re-organization they cut 8 managers, (too few) and shortly after added assistant managers to refill the management ranks.

    This ratio of manager to patients is not unusual in smaller hospitals, when we pay for healthcare in America we are paying a lot for over head and management that has nothing to do with healthcare, we would be better off if there was no government involvement in healthcare and nobody had insurance then the costs would drop 80 percent overnight as true market forces would replace the distorted cost structure now in place.

    Do one thing to educate yourself before you visit a healthcare provider ask for a cost estimate for the services you are about to access if they can't tell you ask yourself this is there any other service where you are completely divorced from the cost to the extent that is makes no difference at all what is charged? Costs for advanced procedures such as an MRI can be up to 75% higher in a hospital than a clinic for the exact same service. Greed has ruined American Healthcare, if you want to be healthy take care of yourself and remember we all die what matters most is how we live.

  • Report this Comment On July 03, 2013, at 11:53 AM, ObamaStinks wrote:

    As the DemoCraps delay ObamaCare so they can Deceive voters in favor of the 2014 election - you know another Obama Lie is coming and it's sickening - watch in 2014 Obama will call this Stinky bill a success simply because it's not implemented yet and most of his brainwashed followers will believe him

  • Report this Comment On July 03, 2013, at 11:57 AM, SLTom992 wrote:

    The entire reason that this is being put off is to keep this crushing Obama-care expense off of the shoulders of the public until AFTER the mid-term elections. They believe they can get in enough Liberals to control the House and then laugh in your faces.

  • Report this Comment On July 03, 2013, at 12:00 PM, juanvaldez59 wrote:

    Democrats own this bogus Obama Care, they rammed it into law when they had control of everything. Obama delay till 2015 is only to save same democrats from getting the boot in upcoming midterms due to the chaos Obama care will create. If democrats have so much faith

    in Obama care they should be forced to forfeit their current coverage and participate in their own creation.

  • Report this Comment On July 03, 2013, at 12:00 PM, remmdawg wrote:

    Obamacare never had any credibility.

    How is one more year going to help? It just delays a disaster.

    It's a totally crappy bill written by idiots and should be scrapped.

    Then, there should be a bipartisan effort to enact real health care reform with a simplified national safety net, medicolegal reform and broad free market reforms. But it isn't going to happen and we will end up with crappy completely socialized medicine.

  • Report this Comment On July 03, 2013, at 12:03 PM, AtlasShrugged1 wrote:

    There will not be any crushing blows to Obama care. It has the power to tax and therefore has unlimited power. Obama care is omniscient, omnipotent. The only crushing blows are what blows it will deliver.

  • Report this Comment On July 03, 2013, at 12:05 PM, govtisscum wrote:

    The repeal of this should be brought up in the house every 3-6 months. As far as I'm concerned the government can kiss my a.z.z.

  • Report this Comment On July 03, 2013, at 12:10 PM, a24689b wrote:

    This ObamanableCare Act is just one plank in the Progressivist Agenda to bring this country to its knees. There was no dopiness involved; it has all been quite brilliant and deliberate.

    Don't get played by the Big Government Fish that is rotting and stinking from the guts, not the head. That is how a fish rots. That is how THIS fish is decaying.

  • Report this Comment On July 03, 2013, at 12:20 PM, LiveFreeOrDie13 wrote:

    If the Motley Fool is a business site the author knows NOTHING about business. How can he point out the examples of layoffs and lack of hiring in anticipation of Obamacare and then say "the only reward here is for U.S. businesses"?? What about the thousands that will not lose their jobs or be hired due to the implementation delay??. The author is a typical liberal idiot that should stay out of the deep end of the pool.

  • Report this Comment On July 03, 2013, at 12:20 PM, flatroader wrote:

    I'll quote from the Bible ...seems this was written for obama ..."A good man out of the good treasure of the heart bringeth forth good things: and an evil man out of the evil treasure bringeth forth evil things." "Ye are of your father the devil, and the lusts of your father ye will do. He was a murderer from the beginning, and abode not in the truth, because there is no truth in him. When he speaketh a lie, he speaketh of his own: for he is a liar, and the father of it." ....The end

  • Report this Comment On July 03, 2013, at 12:21 PM, kreccles wrote:

    Obama had credibility?

  • Report this Comment On July 03, 2013, at 12:23 PM, smorpo wrote:

    these are all questions that should have been asked up front instead of slammed down our throats by the radical left when they had their 15 minutes of a supermajority.

    Note to conservatives, if we ever do get a supermajority again do the same thing as Pelosi: rush through hyper-right wing legislation, don't allow debate from the left and we'll figure out the details later.

    I would normally say don't stoop to that kind of governing but that is what liberals will do every time. They don't care about the process or the results, they just want their ideas in place no matter what the cost. We should learn from this.

  • Report this Comment On July 03, 2013, at 12:27 PM, DrWuHu wrote:

    "This health reform bill,..."

    "...34 separate state health exchanges,..."

    "...businesses with 50 or more employees are required to offer health care options..."

    "...aren't obligated to pay a cent of their employees' health care premiums..."

    and on and on and on...

    CHECK IT OUT, SHEEP!!! Stop calling insurance "care"! We will NEVER EVER be able to solve this problem until we can make this very simple and OBVIOUS distinction!

    No problem was ever solved with the thinking that created it.

  • Report this Comment On July 03, 2013, at 12:29 PM, singlesmeetup wrote:

    They are looking at the approval ratings, but what they should be considering is that employees who have recently gotten their hours cut in half are also only making half the money. Health insurance will be much lower on the list compared to things like food on the table, power, Internet, car payment, gas, etc. Even with insurance, you still have to have some discretionary income to USE the insurance to afford the time off to go to the doctor, pay for deductibles, co-pays, prescriptions, etc. I think the net increase in the number of folks who have insurance in 2015 will not be that different from the number who had insurance a year ago.

  • Report this Comment On July 03, 2013, at 12:29 PM, yodelingcat wrote:

    I'm sorry - Obamacare had credibility? I must have dozed off somewhere --

  • Report this Comment On July 03, 2013, at 12:29 PM, khesanha126 wrote:

    What does this word mean?

    Dhimmitude

    The word "Dhimmitude" is found in the new health care bill;

    so what does it mean?

    Thought this was interesting and worth passing on.

    Obama used it in the health care bill.

    Now isn't this interesting?

    It is also included in the health care law.

    Dhimmitude -- I had never heard the word until now.

    I typed it into Google and started reading.

    Pretty interesting.

    It's on page 107 of the healthcare bill.

    I looked this up on Google and yep, it exists..

    It is a REAL word.

    Dhimmitude is the Muslim system of controlling non-Muslim populations conquered through jihad (Holy War).

    Specifically, it is the TAXING of non-Muslims in exchange for tolerating their presence AND as a coercive

    means of converting conquered remnants to Islam.

    ObamaCare allows the establishment of Dhimmitude and Sharia Muslim diktat in the United States . Muslims are specifically exempted from the government mandate to

    purchase insurance, and also from the penalty tax for being uninsured. Islam considers insurance to be "gambling",

    "risk-taking", and "usury" and is thus banned.

    Muslims are specifically granted exemption based on this.

    How convenient.

    So I, as a Christian, will have crippling IRS liens

    Placed against all of my assets, including real estate,

    cattle, and even accounts receivable, and will face hard

    prison time because I refuse to buy insurance

    or pay the penalty tax. Meanwhile, Louis Farrakhan

    will have no such penalty and will have 100% of his health insurance needs paid for by the de facto

    government insurance. Non-Muslims will be paying a tax

    to subsidize Muslims. This is Dhimmitude.

    I recommend sending this on to your contacts.

    American citizens need to know about it --

    snopes.com : Health Insurance Exemptions Apr 13, 2010 ...

    Dhimmitude is the Muslim system of controlling non-muslim populations ...

    The ObamaCare bill is the establishment of

    Dhimmitude and Sharia ...

  • Report this Comment On July 03, 2013, at 12:38 PM, ajlondon wrote:

    Uninsured young and healthy will take the $95 penalty.

    And everyone desperately ill and sick will take the insurance.

    So by January 1 you should have an insurance pool of previously uninsured desperately sick, ill, paraplegic etc.....

    Brilliant.

  • Report this Comment On July 03, 2013, at 1:02 PM, VegasGuy2312 wrote:

    I am shocked that the government finds it difficult to administer a large project on time and on budget...shocked I say!

    Also, according to other news organizations, there is nothing in Obamacare bill that a delay can be done by the White House at all. So, this move may be illegal according to the law.

    Lastly, this is also a blatant political move to give Democrats who face re-election in 2014 some cover. The political motive I believe is the bigger reason for this illegal move.

  • Report this Comment On July 03, 2013, at 1:33 PM, Vance1965 wrote:

    The sad fact of the matter is this bill was never meant to help anyone but the government. This was the biggest government power grab in history and the Obama drones fell in line believing their lord and master was trying to help them. Sheeple being led to the slaughter by a tyrant.

  • Report this Comment On July 03, 2013, at 1:51 PM, DonkeyJunk wrote:

    Wow. Lots of new accounts created today.

  • Report this Comment On July 03, 2013, at 2:29 PM, Makikijoe wrote:

    The glitches will be worked out soon enough.

    And shame on any company that hurts it's workers by cutting back on workers hours in order to be able to deny it's employess health insurance. I got a better idea ..... raise the price of your product or service a little. Shame on Regal Theaters for doing this kind of shady thing to their workers. Consolidated Theaters and other theater companies have not said that they will resort to this tactic. I'm willing to pay an extra fifty cents for each movie ticket I buy if that will help get all the Regal workers covered by health care.

    If allowed to proceed, the new law will eventually help millions of people. Let's hope the Republicans don't get their way and destroy it. That would be really sad.

    Because the GOP alternative plans, which they offered us back in 2009 and 2010, were very insufficient. Their plans would not have made a big dent in the number of Americans who don't have health care coverage.

    Only the Democratic bill was comprehensive enough to be able to help a majority of the uninsured. If anything, it should have gone even further than it did. It should have absolutely guaranteed health care for everybody. With no exceptions.

  • Report this Comment On July 03, 2013, at 3:04 PM, fedupped wrote:

    Is is trust obliterated? In word? Y-E-S

  • Report this Comment On July 03, 2013, at 3:33 PM, joyfulone59 wrote:

    What? Corporate America should be happy that they have another year to get it together. Any one with one brain cell floating around in their heads and is against the Affordable Care Act, there is NOTHING President Obama can do to make it easier for everyone. The only idea the Republicans have come up with to resolve the most messed up health care system in the free world is to do nothing. Anything they have to say about the Affordable Care Act is meaningless since they wouldn't know where to start in fixing this mess.

  • Report this Comment On July 03, 2013, at 3:40 PM, boogaloog wrote:

    I agree with ajlondon. Desperately ill & paraplegic people should NOT be able to afford healthcare! (sarcasm)

  • Report this Comment On July 03, 2013, at 3:58 PM, doco177 wrote:

    1. Millions are losing the insurance Obama promised they could keep. Because ObamaCare forces employers to offer expensive Cadillac plans but also offers the option of paying a fine for not providing health insurance that can be cheaper than providing it, between seven and twenty million Americans are likely to lose their health insurance coverage according to the Congressional Budget Office. The original estimate was closer to four million.

    2. The cost of healthcare premiums is about to further skyrocket. Premium costs have already exploded, but that is a slow-motion explosion. In the near future, we could see costs double or worse. Naturally, these costs will hit an already burdened middle class hardest.

    3. Lost jobs. Lost jobs.

    The Federal Reserve's March beige book on economic activity noted that businesses "cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff."

    Human resources consulting firm Adecco found that half of the small businesses it surveyed in January either plan to cut their workforce, not hire new workers, or shift to part-time or temporary help because of ObamaCare.

    4. Potential doctor shortages that will mean rationing: The healthcare industry is already a bureaucratic quagmire. ObamaCare is about to add steroids. As the profession becomes tyrannized by government, the talented people currently practicing medicine plan to get out sooner than expected. Who knows how many will choose not to get in. Doctor shortages are what lead to the nightmare known as rationed care.

    5. Somewhere around $800 billion in tax increases will hit America's middle class. This added burden will not only further oppress a middle class already reeling from a drop in wages over the last few years, but could damage the overall economy.

    6. Inflation, the cruelest tax on the poor. When businesses get socked with added costs brought about by higher taxes and burdensome government mandates, they pass those cost along to the consumer in the form of higher prices.

    7. Added bureaucracy. Even those Obama lapdogs over at the Washington Post's Wonk Blog are admitting that applying for health care is about to get more burdensome than the byzantine paperwork involved in buying a home.

    8. To cut costs or to avoid having to provide insurance, workers on the economic margins are already losing hours, which means a lower paycheck. There are a million sad stories in ObamaVille; here are just a few of them.

    9. ObamaCare is projected to add $6.2 TRILLION to a deficit the GAO has already declared "unsustainable." That's "trillion" with a "t".

    10. More taxes than currently estimated are likely to hit because of situations like this one.

    11.Muslims, Amish, Native Americans, Congress are exempt from mandate and penalties under Obamacare that the rest of us have to pay.

    The govt becoming more involved in health care is the reason the costs have increased. So Govt creates a crisis, then provides a solution that comes at the expense of liberty and freedom, costs trillions, and by most accounts won't solve the problem but in fact make it far worse.Corruption, incompetence, disregard of the Constitution, and lying are integral to the way that this country is being run.

    Three years ago, Obama, Democrats, and his media lied to us about cutting the cost of health care, being able to keep our insurance, and not taxing the middle class.

    Today, those lies and what ObamaCare is and will do to the working and middle class are the biggest untold story in America.

    Just refuse obamacare..REFUSE..If only a mere 20% of the over 300 million population of the USA refuse Obamacare the government would be overwhelmed to even think they could lock every citizen up that refused to participate in the most corrupt and unlawful ways which it was passed that circumvented the constitution of the United States.

  • Report this Comment On July 03, 2013, at 4:18 PM, PeteH66 wrote:

    @ khesanha126: Maybe you shouldn't refer people to snopes.com to "verify" your claims about "dhimmitude," because snopes refutes them thoroughly. Here's what snopes says: "Despite frequent mention of the term in internet-circulated rumors, the word 'dhimmitude' does not appear in the PPACA, and it has no application to U.S. health care legislation." Also: "The fact is that the PPACA legislation does not specifically exclude any particular religious groups from its provisions."

    Please, stop spreading lies.

  • Report this Comment On July 03, 2013, at 5:25 PM, gulfcoastrebel wrote:

    This writers words, "Crushing Blow" to "Obamacare" tells us all we need to know about his anti-Obama, Republican biases. Businesses have had four years! to prepare for the ACA. They haven't had enough time!? Now they want another year for foot-dragging or they will punish their employees for the law. Business as usual. The writer assumes the individual insurance purchaser doesn't want cheap or free insurance and is "jubilantly cheering the delay"? Oh, really?. Most people without insurance are 'jubilantly cheering the delay' being over! I can't wait to be able to buy real insurance for a few hundred instead of catastrophic for thousands of dollars.

  • Report this Comment On July 03, 2013, at 5:28 PM, PeteH66 wrote:

    Hey doco177: there's SO much misinformation in your screed it's hard to know where to start. Let me just request that, in place of your unsourced, Chicken Little-y generalities, you offer us actual links to documentation of your assertions or -- even better -- stories about how your own life has been affected by the legislation you want us to hate so badly.

  • Report this Comment On July 03, 2013, at 6:11 PM, DoctorCornelius1 wrote:

    President Obama will go down as the coolest prez ever. Cool as a cucumber in the face of rampant lame brained attacks from the far right and the far left and the idiots in the conservative media. That being said, his credibility is safe as a 2 term president that endured during the greatest economic fracas since the Great Depression, who persevered the long tried-n-failed attempts to provide universal healthcare in a capitalist driven classist country, and furthering an actual solution to the great immigration problem. It may not be the "final solution" that most of you racist big-talkers want, but it's something.

  • Report this Comment On July 04, 2013, at 2:20 AM, The1MAGE wrote:

    DonkeyJunk commented about a whole bunch of accounts created today.

    Out of 49 posts, I could find 8 that I believe are members who didn't join just to make mostly hit and run political posts. There were a couple that were iffy.

    And one who posts one of the same two posts every time.

    We can't have an honest debate when 83.7% are here just to push propaganda. (And that is both sides.)

  • Report this Comment On July 04, 2013, at 3:43 AM, SaviorKing wrote:

    Q: Is This News a Crushing Blow to Obamacare's Credibility?

    A: No, it never had any to begin with.

  • Report this Comment On July 04, 2013, at 6:13 AM, skypilot2005 wrote:

    To fully understand this, I believe one only needs to step back and determine Obama’s and most elected Democrat’s ultimate goal. That goal is a “Single Payer” health care system. That is what they originally wanted but, didn’t have the votes to pass it even with a Democrat controlled House and Senate.

    They weren’t honest about it then and aren’t honest about it now.

    They are just pushing this back so as to minimize their loses in the 2014 elections.

  • Report this Comment On July 04, 2013, at 6:18 AM, skypilot2005 wrote:

    On July 03, 2013, at 6:11 PM, DoctorCornelius1 wrote:

    "It may not be the "final solution" that most of you racist big-talkers want"

    What an intellectual “Giant”.

    Come on....

  • Report this Comment On July 04, 2013, at 6:25 AM, skypilot2005 wrote:

    On July 04, 2013, at 2:20 AM, The1MAGE wrote:

    "DonkeyJunk commented about a whole bunch of accounts created today.

    Out of 49 posts, I could find 8 that I believe are members who didn't join just to make mostly hit and run political posts. There were a couple that were iffy.

    And one who posts one of the same two posts every time.

    We can't have an honest debate when 83.7% are here just to push propaganda. (And that is both sides.)"

    Interesting. How did you find this out?

    Please list the "new members" commenting on this article.

    I think it would be great to "expose" them.

    Thanks,

    Sky

  • Report this Comment On July 04, 2013, at 7:41 AM, skypilot2005 wrote:

    , DoctorCornelius1

    A "Fool" since yesterday.

    Hmmm.....

  • Report this Comment On July 04, 2013, at 7:50 AM, skypilot2005 wrote:

    lerpderp234

    Became a "Fool", yesterday...

  • Report this Comment On July 04, 2013, at 9:45 AM, benjonson wrote:

    At this point Obamacare is throwing a party and no one seems willing to show up.

  • Report this Comment On July 04, 2013, at 1:10 PM, Gene0001 wrote:

    [[[Is Obamacare's credibility gone?]]]

    ...The program never had credibility to begin with. Americans say," we don't want it" the head of our Government say's, "you're going to get it or be fined".

    ...I never felt so free to pay in my life, option of "I don't want it" isn't mine, ours, to make.

  • Report this Comment On July 04, 2013, at 3:47 PM, payrownbills wrote:

    Im just curious as to exactly when the government decided it wasn't about the CONSTITUTION that clearly states "WE, THE PEOPLE..." and instead decided it was all about themselves, the people on their payroll (legit or not)and big corporations?!? Im confused... Wasn't the basis for this "Obamacare" (which I have always seen as another lie to make the rich richer and poor, well, starved out) originally dreamt up from our dear brotherhood of Repubicans?!? (Romney, Bush, etc) And Really, party doesn't seem to matter anymore anyhow, none of them could tell the real truth to save their own lives, let alone ours! Stop buying into the governments use of fear and fake promises to pass legislative that is not good for the back bone of this country, that they use to deficate and desecrate our AMERCIA, our FREEDOM and our CONSTITUTION! We need CHANGE, but not the kind we are getting from our politicians or from our government! My opinion, Obamacare sucks, its not good for the average American, and there is WAY more of us than the ones who will actually benefit!

  • Report this Comment On July 04, 2013, at 9:25 PM, adasand wrote:

    Surprise surprise, investors are against giving healthcare to all citizens. I am an investor too but not the greedy kind like most of youll here that is only worried of the well being of their selves.

    I didnt see wallstreet complaining about stimulus, neither the bail outs. I guess welfare is okay when it is corporate but when it is welfare to feed a poor person that is a blow to your guts.

    All of youll are living because of govt welfare, if the govt didnt stimulate the economy we will be in a depression. So congrats you hypocritical welfare takers.

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