John Ransom

It’s not been a good few weeks for Obamacare, and thus for the American taxpayer. As doomsday draws near, with the implementation of key provisions of Obamacare, even stalwart Obama allies in the labor movement are pulling alarm bells.

That can’t be good for anyone.

So, let just put it this way: Obamacare is about to cost you more money than even the crooked accounting they did in the first place would admit of.

Labor leaders, including Jimmy Hoffa, sent a highly publicized letter in July to Senate Emperor Harry Reid and House Jester Nancy Pelosi this summer warning “Right now, unless you and the Obama Administration enact an equitable fix, the ACA [Obamacare] will shatter not only our hard-earned health benefits, but destroy the foundation of the 40 hour work week that is the backbone of the American middle class.”

While many conservative commentators focused on the “40 hour work week” to suggest unions had broken with Obama on Obamacare, that was just a red herring.

The key phrase was “equitable fix.”

Equitable Fix is union-ese or Chicago-speak for an Offer-You-Can’t-Refuse.

So as a part of the “equitable fix” for poor neglected union membership, the White House is considering offering Obamacare subsidies to union members in an attempt to buy back their love, according Forbes’ Avik Roy, a Senior Fellow at the Manhattan Institute for Policy Research.

“Now, according to a report from InsideHealthPolicy,” writes Roy, “the Obama administration is considering offering insurance subsidies—intended for the uninsured—to labor union members who already have employer-sponsored coverage.”

Roy estimates that the proposal, if enacted, would cover about 20 million union members and cost about $50 billion per year, even though their health insurance is already covered under an existing employer-sponsored plan mandated by the government.

The interest on $50 billion per year could build a few, nice, big casinos in Havana, Cuba too.

Bada bing! The labor movement is back! 

I’m just pointing that casino thing out generally speaking.

You know? For informational purposes. 

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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