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Rules Weren’t Made to Be Broken: a Look at Obamacare

By    |   Friday, 04 Feb 2011 12:50 PM

Don’t want to belong to Obamacare? No worries, just get a waiver.

The healthcare law was touted as President Barack Obama’s great accomplishment. He claimed it would lower costs for everyone and cover 30 million more people.

You didn’t really believe that, did you? I mean, have a party and invite 30 million more people who contribute little or nothing to the costs but the overall price for everyone will go down?

Service Employees International Union, vocal supporters of Obamacare, like this bill so much they asked were and were granted a waiver. Yes, that’s right. The SEIU, whose political action committee contributed almost $30 million Obama’s 2008 election bid have at least six locals that are now exempt

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The exact quote from Andy Stern, the union president, was: “The president of the United States came up to me — following up on a call he made earlier — and said, ‘without SEIU members and your stories and your lobbying and your demonstrations this would not have happened,’ and that is true.”

Want to know one of the largest beneficiaries of the more than 700 groups who have received waivers from the supposedly historic healthcare bill? The United Federation of Teachers (UFT), the union representing New York City’s public school teachers. The UFT is a chapter of the American Federation of Teachers (AFT). They spent more than $2 million on Obama’s 2008 election campaign.

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In the last few months, more than 500 waivers have been granted. About 40 percent of the waivers have been granted specifically to unions, even though unions represent about 7 percent of the households in America. Now, I have nothing personally against unions. This all revolves around one thing: fairness

What do you think of a law where certain people receive an exemption or waiver? I mean almost 44 percent of Americans pay no federal income tax. And guess what? About 44 percent support this new healthcare bill. Add to the fact that the congressmen who wrote the new healthcare law were exempt from it.

For me it is very simple. If this law can’t be for 100 percent of the people, it shouldn’t be for any of them. And even if you believed the Congressional Budget Organization’s assertions that this would be deficit-neutral, one thing remains clear. That assertion was made before more than 700 businesses and organizations were exempt. Without their participation, let’s all see what the “new numbers” would be.

You haven’t seen this on your local news, have you? Obama didn’t tell everyone in his State of the Union address about all the waivers he granted, did he?

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About the Author: Bill Spetrino
Bill Spetrino is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He is also the editor of the Dividend Machine. Discover more by Clicking Here Now.

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Don t want to belong to Obamacare? No worries, just get a waiver. The healthcare law was touted as President Barack Obama s great accomplishment. He claimed it would lower costs for everyone and cover 30 million more people. You didn t really believe that, did you? I...
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Friday, 04 Feb 2011 12:50 PM
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