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The Mounting Costs of Obamacare

Wednesday, March 31, 2010  |  posted by Hugh Hewitt

Boeing is the latest company to announce an income tax charge as American business sorts through the obvious impacts of Obamacare.

Did the CBO include additional tax revenues from the loss of the deduction for retiree prescription drug benefits? And did the CBO calculate how many American companies would not only be losing the deduction but also dropping the coverage and thus forcing retirees into the Medicare program, and what the costs of that would be?

As Obamacare rolls out the questions –and costs– are piling up. A few days ago Ed Morrissey ran a story on the impact to restaurants of the calorie chart provisions of the law. And the consequences to “family plan” premiums due to the addition of the hundreds of thousands of 21 to 26 year olds being added has yet to hit.

I hope the NRCC and NRSC are maintaining a comprehensive list of the impacts of Obamcare for handy reference as November draws near.


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