As 2014 nears its close, Americans without insurance are running out of time to avoid the significant ObamaCare penalties that are scheduled to hit in 2016. The deadline to avoid the penalties is February 15, 2015. Uninsured Americans will be faced with a fines of $325 per adult or two percent of family income, whichever is higher. But whether the IRS will be able to effectively enforce the individual mandate remains to be seen.
On Tuesday, ObamaCare architect Jonathan Gruber appeared before Congress to explain his controversial statements made in 2013 when he admitted that the law’s writers took advantage of the “stupidity of the American voter.” Gruber used the hearing as an opportunity to issue more public apologies for his statements.
As 2014 nears its end, the Obama administration is facing a whole new set of challenges to its signature healthcare law, ranging from Jonathan Gruber’s upcoming testimony before the House Oversight Committee and big goals for a short open enrollment period, to the Supreme Court’s decision to hear cases that question the validity of subsidies, and revelations that the Department of Health and Human Services inflated its enrollment figures. And in the midst of these issues, President Obama may lose a vital core of ObamaCare supporters, as many big businesses are threatening to withdraw their support.
It could hardly have been more remarkable if the senior senator from New York had arrived wearing sackcloth and ashes. Charles Schumer, ardent promoter and defender of the Patient Protection and Affordable Care Act, told a gathering at the National Press Club in Washington Tuesday that he now believes Democrats took a wrong turn in passing the ObamaCare law in 2010.
Profiting handsomely from the Affordable Care Act, big insurance companies have become some of the Obama administration's most valuable allies in promoting and defending the law.
Florida Senator Marco Rubio and Wisconsin Representative Paul Ryan — potential Republican presidential contenders for 2016 — have teamed up to create a Republican alternative to ObamaCare. They are hoping to have their plan completed for a vote by next year.