Thursday, March 13, 2014

The latest change in the law

Obama finally sees the solution for those who can't afford the Affordable Care Act--prioritize your expenses and buy less of optional items like cable and shoes. Would you ask this over spender for advice on your budget?

The most recent change he's made in the law without Congressional approval is to say if it creates a hardship, you don't need to sign on (until after the 2016 elections to save the Democrats). Ironically, he has finally admitted that Obamacare IS THE HARDSHIP for millions.

[T]he individual mandate is probably done for.

I would now assume that no one will pay the individual mandate fine for 2014. The administration may give up on the mandate in the course of the ongoing enrollment period if the political pressure is great enough, or they may keep up the pretense of it through the end of the enrollment period in March (when it will have finished its work, so to speak, since its purpose is to influence choices made during that period) but then exempt everyone from it as they did with the employer mandate for this year. Having now exempted from the fine people whose policies were canceled and who haven’t spent the money to get more expensive and less appealing new coverage, the politics of still applying the fine to everyone else who is uninsured this year will probably just not be sustainable, and the politics of exempting people from it (especially if they can hold out on doing so until after March 31) will be far too appealing for this White House to resist. They may claim the mandate will be back in 2015, but if they do exempt everyone from it in 2014 it will be hard to bring it back.

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