HEALTH CARE REFORM LAW ONE YEAR LATER

Today, on the one year anniversary since government-approved health care was signed into law, a look at the implementation of the new health care reform reveals how the legislation has failed to deliver on costs, premiums, spending, and preserving Americans’ existing coverage:

19 — States where parents can no longer buy child-only insurance policies as a result of the law
30 — States suing to block the law from taking effect, or requesting waivers from its requirements
51 — Percentage of American workers who will lose their current health coverage by 2013, according to the Administration’s own estimates
1,270 — New bureaucrats requested by the Internal Revenue Service to implement the law this year
$2,100 — Increase in individual insurance premiums due to Obamacare, according to the Congressional Budget Office
$2,500 — Premium reduction promised by candidate Obama “by the end of my first term as President”
6,578 — Pages of new regulations issued implementing Obamacare through March 14, 2011
800,000 — Reduction in the American labor force due to Obamacare provisions that “will effectively increase marginal tax rates, which will also discourage work,” according to the CBO
2,624,720 — Total individuals in 1,040 plans granted waivers thus far exempting them from the law’s insurance mandates; nearly half of whom participate in union plans
7,400,000 — Reduction in Medicare Advantage enrollment as a result of Obamacare, resulting in a loss of choice for seniors and millions of beneficiaries losing their current health plan
40,000,000 — Firms subject to the health law’s new 1099 reporting requirements, which the National Federation of Independent Business called a “tremendous new paperwork compliance burden”
$118,000,000,000 — New costs imposed on states to implement Obamacare—budgetary costs that will lead to reduced services for other state programs like education or to higher state taxes
$310,800,000,000 — Projected increase in health costs due to Obamacare, according to the independent Medicare actuary, who called its promise of lower costs “false, more so than true”
$552,200,000,000 — Amount of higher taxes Americans will pay if Obamacare remains in place
$1,390,000,000,000 — Federal spending on new entitlements during fiscal years 2012-2021 according to the CBO, a 48 percent increase from an earlier estimate