Now that voters apparently have told Washington they want the full implementation of Obamacare, the largest tax increase ever for U.S. citizens, critics are noting that the fine print includes an option for a taxpayer-subsidized offering that would compete directly with private insurance – likely demolishing the industry.
Republican nominee Mitt Romney had promised to repeal Obamacare before the taxes and liabilities set up by Democrats kicked in.
A provision for federal competition with private insurance was given little attention, because it was not scheduled to enacted for some time.
However, with Tuesday’s election results, there appears to be no hurdle to the full imposition of Obamacare’s massive taxes and restrictions, according to analysts.
And that raises prospects that been on the back burner, such as the possibility Obamacare would lead to a single-payer, national program that controls all of health care.
Read More: WND.com