From the AP:
Obama's Big Wins on Bills May Not Help Democrats
...After winning a landmark health care overhaul earlier this year, Obama now stands on the brink of seeing Congress approve the most far-reaching overhaul of Wall Street regulations since the 1930s. Democrats aim to put it on his desk by July 4.
Yet with the economy still wobbly and the stock market retreating, Americans remain nervous about the possibility of a double-dip recession. They have seen few concrete benefits yet from the slow-to-unfold health care law. Likewise, it may be some time before Obama can point to results from the advancing legislation to rewrite the rules that govern Wall Street.
Study Points to Health Law’s Penalties
By ROBERT PEAR
WASHINGTON — About one-third of employers subject to major requirements of the new health care law may face tax penalties because they offer health insurance that could be considered unaffordable to some employees, a new study says.
The study, by Mercer, one of the nation’s largest employee benefit consulting concerns, is based on a survey of nearly 3,000 employers.
It suggests that a little-noticed provision of the law could affect far more employers than Congress had assumed.
As they study the law, employers are discovering another provision that got much less attention. If a company offers coverage but requires any full-time employees to pay premiums that amount to more than 9.5 percent of their household income, the coverage is deemed unaffordable, and the employer may have to pay a penalty.
A goal of the law, pushed through Congress by President Obama and Democratic leaders with no Republican support, is to give all Americans access to affordable insurance.
The Mercer survey found that one-third of employers had some workers for whom coverage might be “unaffordable,” meaning that the workers’ share of premiums — in the absence of federal assistance — would consume more than 9.5 percent of their household income.
Since it is household income, if a spouse loses his job at a different firm, the employed spouse may subject her employer to penalties.
MORE: From Rasmussen:
Health Care Law
63% Favor Repeal of National Health Care Plan
Support for repeal of the new national health care plan has jumped to its highest level ever. A new Rasmussen Reports national telephone survey finds that 63% of U.S. voters now favor repeal of the plan passed by congressional Democrats and signed into law by President Obama in March.
Obama's theory of democracy is that the people don't know what they want but deserve to get it - good and hard. On to November!