The full force of the law won’t even kick in until 2014–in other words, there’s an onslaught ahead. And even without Obamacare, premiums are skyrocketing and hitting small businesses.
On January 21, 2009, Barack Obama stood on the steps of the U.S. Capitol and, in his inaugural address, pledged to America that he would “wield technology’s wonders to raise health care’s quality and lower its cost.” What he did wield, of course, was a 2,000-page bill known as Obamacare. More than a year on, we now know that health care costs are soaring, and the President’s signature legislation is to blame.