• 526 days Will The ECB Continue To Hike Rates?
  • 526 days Forbes: Aramco Remains Largest Company In The Middle East
  • 528 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 928 days Could Crypto Overtake Traditional Investment?
  • 933 days Americans Still Quitting Jobs At Record Pace
  • 935 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 938 days Is The Dollar Too Strong?
  • 938 days Big Tech Disappoints Investors on Earnings Calls
  • 939 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 941 days China Is Quietly Trying To Distance Itself From Russia
  • 941 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 945 days Crypto Investors Won Big In 2021
  • 945 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 946 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 948 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 949 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 952 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 953 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 953 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 955 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Obamacare Support at Record Low 35%; Obamacare Named "Lie of the Year"; Bait and Switch; Obamacare Roundup; Meltdown Coming?

It's been a while since I commented on Obamacare. Given news comes out every day, nearly all of it negative, I have shown restraint. Tonight, here's a recap of what you may have missed.


Obamacare Support at Record Low 35%

Today, December 23, a CNN poll finds Obamacare support at all-time low.


Poll Details

  • 35% support the healthcare law, a 5 percentage point drop in less than a month
  • 62% oppose the law, up 4 percentage points from November.
  • 60% of women oppose Obamacare, up 6 percentage points from November
  • 43% oppose Obamacare because it is too liberal
  • 15% Oppose Obamacare because it isn't liberal enough
  • 63% believe the new law will increase what they will have to pay for medical care
  • 42% believe they will be worse off under Obamacare personally.

I have gathered a huge number of Obamacare links in the past few weeks that I did not have time to comment on. Here are a few of them. This is by no means a complete list.


Obamacare Roundup, Last Two Weeks

The final link above is interesting. The URL title is "obama-administration-secretly-extends-health-care-enrollment-deadline".

I guess it's not much of a secret.

Please note the political spectrum in the above links encompasses everything between the Huffington Post and Fox News. That's quite an accomplishment!


Meltdown Coming?

Let's finish up with a highlight from the Washington Post:

Sen. Joe Manchin (D-W.Va.) says Obamacare could suffer 'complete meltdown'

Sen. Joe Manchin (D-W.Va.) said Sunday that Obamacare could be headed for a "complete meltdown" if costs rise too fast and people are unhappy with their coverage.

"If it's so much more expensive than what we anticipated, and if the coverage is not as good as what we've had, you've got a complete meltdown at that time," Manchin said on CNN's "State of the Union."

The senator said such a situation would result in the law collapsing under "its own weight."

Manchin has been pushing for a one-year delay in the individual mandate -- the requirement that people carry health insurance or pay a penalty. He said that delay would allow the product some time to work its way into the market.

Even Democrats are distancing themselves from this disaster.

 

Back to homepage

Leave a comment

Leave a comment