November 18, 2013
If there were any shreds of hope left that the stunning decline of
the middle class could be turned around, Obamacare has absolutely
destroyed them. Over the past decade or so, the middle class in the
United States has been absolutely eviscerated.
The number of working age Americans without a job has increased by 27 million since the year 2000, median household income in the U.S. has fallen for five years in a row, and the poverty numbers in this country are spiraling out of control.
And now here comes Obamacare. As you will see below, Obamacare is
causing millions of Americans to lose their current health insurance
policies, it is causing health insurance premiums to explode to
absolutely ridiculous levels, and it is systematically killing jobs even
though the employer mandate has been delayed for a while. All of this
is creating a tremendous amount of stress for millions of middle class
families that are already stretched extremely thin financially.
According to CNN,
a survey that was conducted earlier this year found that 76 percent of
all Americans are living paycheck to paycheck. Most of those families
simply cannot afford to pay much higher health insurance premiums for
new policies that also come with much larger deductibles and
significantly increased out-of-pocket costs. Millions of those families
will ultimately end up choosing to do without health insurance
altogether, and that will create a whole host of new problems. This is a
disaster that is so enormous that it is really hard to put into words.
If the U.S. health care system was a separate country, it would be the
6th largest economy on the entire globe all by itself. And now
Obamacare is going to bring the entire U.S. health care system to its
Obamacare: Since October 1st, The Number Of Americans With Health Insurance Has Fallen By Nearly 4 Million
Last week, Barack Obama decided to allow Americans to keep their current health insurance plans for one more year.
Isn’t that generous of him? Especially considering the fact that he promised us over and over that if we liked our current health insurance policies that we would be able to keep them permanently.