Obamacare is a cancer that must go says Heritage Foundation President Ed Feulner (The Foundry, March 19):
The law’s escalating regulations and costs weigh heavily on the businesses that fuel our economy, one of the reasons job creation has been so anemic and economic recovery has been lackluster. Obamacare is expected to force Americans to pay $99 billion more in taxes and penalties than originally anticipated. Families earning over $250,000 will get hit with a higher Medicare payroll tax.
And just last week, the Congressional Budget Office (CBO) estimated that costs, originally pegged at $938 billion, have now risen to $1.76 trillion. Congressional Republicans estimate the tab to be $2.6 trillion. CBO also says that as many as 20 million Americans could lose their employer-provided coverage because of Obamacare.
Turning to the individual mandate forcing all Americans to buy insurance, it quickly led to a revolt by a majority of states, who are now challenging the law before the Supreme Court. The Heritage Foundation weighed in on the issue and filed an amicus brief urging the Court to strike down the law. If government can regulate inactivity, it can do anything.
As Obamacare moves into its implementation phase, we are beginning to see more clearly where it is headed. A heavy-handed mandate for preventive services collides with religious liberty by ordering all insurance plans to cover abortion-inducing drugs, contraception and sterilization at no-cost to the insured. Religious groups serving the public will have to provide such coverage regardless of their religious beliefs and deep moral objections. Those who choose not to comply will face heavy fines that will divert resources from their work to serve the poor, elderly, and sick, if not cause them to leave this work entirely. […]
This is only the tip of the iceberg. With each new requirement, Obamacare will make insurance more expensive, reduce flexibility and choice, and take away liberty.