How Obamacare affects the markets- Money Morning - Only the News You Can Profit From.
We can't get enough of our reader emails, and there have been plenty to answer lately...
One huge trend we've noticed recently is that getting more Obamacare info is a priority for many of you.
That's why Money Morning Capital Wave Strategist Shah Gilani addressed a few Obamacare "facts" that readers of his Wall Street Insights & Indictmentsservice wanted to discuss.
Obamacare6Obamacare Facts: This Doctor Tells Why He Might End Up Jobless January 1st
My good friend Mark Kot is the real Hamptons Doctor. He doesn't make house calls because his Southampton Urgent Medical Care facility is where everyone goes for the best medical care in the Hamptons.
I asked him for his take on Obamacare. Yesterday he sent me the little ditty below, and I need to share it with you today.
He got it off the Internet. Which means it's true. No, I'm not kidding. Well, at least this time I'm not kidding. This Internet ditty is true.
Before I share it with you, let me tell you why it is so true and so frightening...
ObamacareWhat the Obamacare Employer Mandate Delay Means for Markets and the 2014 Election
The Obama Administration released a shocking decision on Tuesday night to delay the Obamacare employer mandate requiring U.S. companies to provide health insurance to employees who work more than 30 hours a week and are part of a workforce of more than 50.
Mark Mazur, the Assistant Treasury Secretary for Tax Policy, announced on the Treasury Departments blog that the Obama administration "will provide an additional year before the ... mandatory employer and insurer reporting requirements begin."
Despite the significant decision by the administration to delay the business mandate, the individual mandate (recently ruled Constitutional as a tax by the Supreme Court), will go into effect as scheduled. Individuals will need to provide proof of insurance in 2014, whether or not there is a business mandate.
The Obamacare mandate is likely a political move in order to delay any negative economic impact of the law on the economy, particularly unemployment, in advance of the 2014 Congressional election that could harm Democrats.
For investors, the financial impact will be just as significant and opportunities robust in the near term. Expect the markets to react accordingly over the next few days.
Significant Political Implications Await Ahead