From the first rumblings of a new healthcare law, critics have preached that the real Obamacare facts are far worse than the promises.
The real Obamacare facts include higher healthcare costs, diminished treatment quality, hidden taxes and an inflated deficit. Â
"Obamacare was a political nightmare for Democrats in the 2010 election. In 2014, it's shaping up to be a political tsunami," Brad Dayspring, a communications strategist for the National Republican Senatorial Committee wrote in a recent email to supporters.
Indeed, President Obama's own party is even having second thoughts.
Sen. Max Baucus, D-MT, called it a "train wreck." Sen. Jay Rockefeller, D-WV, described is as "beyond comprehension."
And, Henry Chao, the government's chief technical officer in charge of putting in place the insurance exchanges mandated by the law, was quoted in the Congressional Quarterly saying, "I'm pretty nervous…Let's just make sure it's not a third-world experience."
The president himself envisions hiccups: "Even if we do everything perfectly, there will be glitches," he told reporters April 29 at a White House news conference.
President Obama acknowledged that more than half the states are prepared to initially sit out the law's new Medicare expansion goal. As a result, millions of low income Americans won't have access to health insurance through Medicaid. Additionally, 33 states have opted against running their own insurance exchanges.
These are just two wrinkles in Obamacare. These 15 others are more shocking.
15 Obamacare Facts You Must Know
- Roughly six million of the 19 million people with individual health policies will pay more. Single adults age 21-29 will be walloped with a 46% increase.
- Three million people will lose their insurance altogether, the Congressional Budget Office (CBO) projects.
- Six million will have to pay the individual tax mandate penalty in 2016 because they don't want or won't be able to afford coverage.Â
- People that have insurance via an employer could have their plan dropped as a result of increasing rates. By 2019 (five years into Obamacare), an estimated 12 million people who would have had an offer of employment-based coverage under prior law will lose their offer, the CBO reports.
- Health insurers will need to increase premiums between 1% and 9%.