Budget Deal Hits ObamaCare

The budget deal reached Friday would affect two initiatives contained in last year’s health-care law that were bitterly opposed by businesses, killing one outright and slashing funding for the other.

The agreement would eliminate a provision of the health-care law enabling low-income workers to opt out of employer-offered health insurance and shop for more affordable coverage on insurance exchanges to be created in 2014, according to congressional aides and business groups.

Under the provision, employers would have had to help pay for the insurance purchased on the exchange. Ending the program would save the government $4 billion over 10 years, but it wouldn’t result in any immediate spending cuts because it isn’t set to begin for three years.

Read more here.

Author: AKA John Galt

A small business owner, a tea party organizer, a son, father and husband who is not willing to sell out the future lives of his children.

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