15 Obamacare Facts the President doesn't want you to know

15 Obamacare Facts the President Doesn’t Want You To Know

§  Roughly six million of the 19 million people with individual health policies will pay more. Single adults age 21-29 will be walloped with a 46% increase.

§  Three million people will lose their insurance altogether, the Congressional Budget Office (CBO) projects.

§  Six million will have to pay the individual tax mandate penalty in 2016 because they don't want or won't be able to afford coverage. 

§  People that have insurance via an employer could have their plan dropped as a result of increasing rates. By 2019 (five years into Obamacare), an estimated 12 million people who would have had an offer of employment-based coverage under prior law will lose their offer, the CBO reports.

§  Health insurers will need to increase premiums between 1% and 9%.

§  Premiums for families will increase by roughly $2,100.

§  Premiums plus out-of-pocket costs are forecast to increase 12.4%.

§  Obamacare will increase the long-term federal deficit by $6.2 trillion, according to the Government Accountability Office.

§  Some $1 trillion middle income tax increases are buried under Obamacare, including the 0.9% payroll tax and the new 3.8% tax on investment income.

§  Obamacare drains $716 billion out of Medicare, leaving it to grow at only half the rate of health care in the rest of the country. The outcome: one out of seven hospitals will leave Medicare over the next seven years.  

§  With 30 million new people entering the healthcare system, expect limited access to health care, longer patient wait times, fewer face-to-face doctor visits, and more doctor refusal of patients.

§  Emergency rooms will become more overcrowded. As more people attain coverage, they will be less afraid of going to the ER for even minor ailments.

§  Doctor shortages will worsen. A recent Physicians Foundation survey of 13,575 doctors found 77% are pessimistic about medicine's future under Obamacare.  Many are prepared to sell their practice and take early retirement.

§  Businesses will cut employees and employee hours in order to comply with the law. The Bureau of Labor Statistics says 10 million involuntarily underemployed part-timers will be affected. 

§  Obamacare kills small business. "If [employees] are thrown out of their medical plans now, where they're covered in a good plan and thrown under the bus, they're going to be destroyed," The Home Depot Inc (NYSE: HD) co-founder Bernie Marcus said on Newsmax TV. "If, in fact, they don't stay as full-time employees but go to part-time employees, they're going to be destroyed. People have to understand that the villain is not their employer; the villain is the U.S. government.