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CMS’s Small Business Report Was One Year Late

From the Daily Caller:

Report: Two-thirds of small business employees to see Obamacare premium hikes

By Sarah Hurtubise | February 24, 2014

Obamacare is once again under fire after federal estimates that health insurance premiums will increase for 11 million people who work for small businesses, according to a report from the Centers for Medicare and Medicaid Services (CMS).

House Speaker John Boehner blasted the Obama administration over the report Monday, calling it yet another “broken promise” from Obamacare’s authors.

“The Obama administration has finally been forced to disclose what we’ve long feared: the president’s health care law means higher premiums for millions of American workers,” Boehner said in a statement. “This is another punch in the gut for Americans already struggling in the president’s economy.”

So what is he going to do about it? He has been cutting the legs out from the people who have been trying the hardest to stop Obama-Care.

Boehner played a key role in commissioning the report, which was mandated by the 2011 Budget Control Act, or the sequester.

Missouri Republican Rep. Sam Graves, chairman of the House Small Business Committee, hit back against the Obama administration delaying the damning report — which was supposed to be completed within 90 days of the enactment of the sequester.

“The Obama administration’s long delay of this CMS report is consistent with the rest of the law — behind schedule and bad news for small business,” Graves said.

Technically the The Budget Control Act of 2011 was ‘enacted’ when it was signed into law on August 2nd, 2011. But the sequester cuts were not implemented until March 2013. So even going by the latest possible date for ‘enactment,’ this CMS report was almost a year late.

CMS initially issued the report to Congress Friday afternoon, rating Obamacare’s effect on premiums in the small group market, or for those individuals with employer-based coverage from a small business.

In other words, as usual, this bad news was put out in another late Friday afternoon ‘news dump.’

The results were buried by news about Obamacare’s impact on Medicare Advantage

While the agency overseeing Obamacare didn’t make any final predictions, it warned of “considerable uncertainty as to whether small employers will decide to terminate their existing offer of health insurance coverage and send their employees to individual market Exchanges.” …

The small businesses which CMS fears may begin cutting coverage altogether aren’t subject to the employer mandate requirement. After the latest Obamacare delay, even medium-sized businesses between 50 and 99 employees will have until 2016 to comply with the requirement to provide employees coverage, opening the possibility of more companies laying off employees so they can cut out increasingly expensive insurance coverage altogether.

Although these companies will never be able to admit they are laying off people because of Obama-Care. Or they will bring down the IRS on their heads.

House Minority Leader Nancy Pelosi’s spokesman Drew Hammill called the Obama CMS-issued report “the latest instance of House Republicans attempting to peddle half-truths and incomplete data” to fight the Affordable Care Act…

How dare Congressional Republicans cite the Obama administration’s own report!

This article was posted by Steve on Tuesday, February 25th, 2014. Comments are currently closed.

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