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7 Big Myths About Obamacare

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Confusion abounds when it comes to the Affordable Care Act, commonly referred to as Obamacare. Recent surveys show that large numbers of Americans don't understand the health reform act and how it will affect them. In the following slideshow, we look at several prevailing myths about Obamacare and examine the real story.

There are plenty of misconceptions that persist even now -- three years after passage of the landmark legislation. Some actually are based in part on facts -- but others totally miss the mark. Click on the slideshow to find out more about seven big myths about Obamacare.

One thing isn't a myth: Obamacare is rewriting the rules for the health-care industry, and in the process of doing so, it's creating massive opportunities for investors to get ridiculously rich. How? By investing in a handful of specific health-care stocks. In this free report, our analysts walk you through these opportunities and the companies that are positioned to exploit them. The informational edge contained in it is invaluable but can only be exploited profitably while the rest of the market remains in the dark. To access this free report instantly, simply click here now.

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  • Report this Comment On September 07, 2013, at 12:21 PM, emjayay wrote:

    So, a bunch of stuff anyone who has been paying attention already knew, but unsupported by any actual facts or analysis, which is really a promotion for some investment products. Thanks.

  • Report this Comment On September 07, 2013, at 12:31 PM, KUBLOTNIK wrote:

    i was listening to a radio show about a year ago. a NEUROSURGEON called and said that he was returning from a conference done by HHS. he said that REGULATIONS written by HHS to implement the ACA required that a hospital establish a board of examiners made up of doctors,administration,nurse admin. etc to give the final O.K. to proposed care of patients coming to the hospital for serious,costly care.the surgeon said he doubted very much if this board would get together at 2 a m to review the care needed for a old female /male patient suffering from a neuro aneurysm that needed immediate surgery. and they laughed at Palin when she described these boards as death panels. when the guy that obama originally wanted to head HHS, tom daschle ,wrote a book on health care in america,he said that we would not be able to pay for all the care that the boomer generation will need.that maybe we will need to just let the old people die like they used to. just take a pill and go away. this is what we are looking at in this country. what a sad,sad state we have come to.

  • Report this Comment On September 07, 2013, at 1:44 PM, doco177 wrote:

    Google.... "Obamacare Flowchart" at Intellectual Takeout .... to see a visual representation of the corrupt mess this really is

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

    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."

    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. 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.

    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.

    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.

    REFUSE and Repeal Obamacare...If only a mere 20% of the over 300 million population of the USA boycott Obamacare the government would be overwhelmed to even think they could penalize or mandate every citizen 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 September 07, 2013, at 10:47 PM, GETRICHSLOW2 wrote:

    Right On doco177!!! I am starting to ask myself why I even bother to get out of bed and go to work everyday. Why not just sit on the porch and wait on my check to arrive in the mail.

    The American people are basically brain-dead and absorbed in their multitude of entertainment choices. Those who fought the bloody revolution for Liberty and those who have died violent deaths since to maintain it have all died in vain if we continue on the path we are on.

    I still cannot believe that bone-head was reelected. If we do not elect a conservative president and strengthen Congress so this thing can be repealed it is going to take the country down for good.

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