Delaying ObamaCare Employer Mandate (Not to be Confused with the Individual Mandate) ... What's a Few Billion?

And so it begins.

According to the President, at least one important piece, albeit a wrongheaded approach, of the Affordable Care Act, aka ObamaCare, isn't ready to be implemented on time. And so it will be delayed for at least another year.

Of course, no admission has been forthcoming on the cost of such a delay or the inescapable fact that the new health care law isn't going to improve America's broken health care system, or that it won't save the taxpayers money, and that it isn't going to be popular with the majority of We the People.

ObamaCare rule delay could cost U.S. billions has the estimated cost of delaying the employer mandate for one or more years. No word yet on any other provisions which may not yet be ready for 'prime time:

 

"The surprise move by the Obama administration to delay penalties for big employers that don’t provide workers with health insurance could wind up costing the government billions of dollars.

In May, the non-partisan Congressional Budget Office estimated that the employer mandate in President Barack Obama’s signature health-care law would bring in $10 billion in fiscal 2015. Between 2014 and 2023, it is expected to raise $140 billion.

It now looks like the government can’t count on that revenue for at least one year. To be sure, the government will still take in an estimated $2 billion from the individual mandate in 2015, CBO estimates. Already, however, there is pressure from the law’s critics to delay that mandate as well."

Summing Up

Talk's cheap.

We get plenty of cheap talk from the government knows best gang.

Stay tuned for just how much this cheap talk from Washington will end us costing We the People.

The simple fact is that we ain't seen nothing yet.

That's my take.

Thanks. Bob.