More Bad News For Obamacare

When is the last time you heard good news about Obamacare? It just keeps getting worse, and every time you turn around there is more bad news. This week is no different as the Washington Times reports the latest trouble for the dreadful law.

The audit released Tuesday by the Treasury Inspector General for Tax Administration (TIGTA) said the widely criticized medical device tax is proving unwieldy and has brought in less money than the law’s architects had hoped, raising larger questions about the government’s ability to manage the other taxes included to help pay for the health care law.

The IRS hasn’t even been able to identify exactly which FDA-registered manufacturers should be paying the 2.3 percent excise tax on their sales of medical devices, TIGTA inspectors said in the new report.

A separate study made public Tuesday added to Obamacare’s woes as the New York Federal Reserve reported that half of state manufacturers and a third of service sector firms contemplating a change in their health insurance carrier expect the law to “considerably” increase their health care costs next year. (Read More)

Those costs that will be “considerably” increased include higher deductibles, increased co-pays, higher out-of-pocket maximums and increases to premium contributions by employees.