Daddow wisely notes that imposing a tax is a lot easier than collecting one imposed on a population that doesn’t file federal income taxes.
If those funding sources for Obamacare don’t materialize, rates for insurance policies will soar. More employers will decide paying a fine for not offering coverage is the cheapest way out, and a lot of folks who are used to having employer-provided insurance will be dumped into the government exchanges.
Costs will go up, services will go down, Daddow predicts, because the health care system is not prepared to absorb 33 million new patients.
Any goodwill Obamacare generated by mandating coverage of pre-existing conditions and for “children” up to age 26 will evaporate once employees start losing their policies and the monthly bills skyrocket.