Daily Reminder: January 14, 2012

On this day in 2010, faced with continued opposition to health care reform by usually friendly labor unions concerned about the taxation of so-called “Cadillac” health plans, Democratic Party leadership in the U.S. Senate cut one of what was to be many deals – by ensuring union leaders that the excise tax would not kick in until 2017, the year following the second term of President Barack Obama if re-elected, Democrats were able to obtain union support.

This, of course, came on the heels of the government restructuring of General Motors, which reprioritized and undermined shareholder and bondholder interests … while leaving union interests intact.

During the subsequent years, various inherent problems with the president’s health care reform legislation would manifest themselves in different ways, the aforementioned deal being only one example. A better example could be found in the 1,372 waivers from the health care reform law granted by the White House by June 2011, waivers that went to labor unions, large corporations (usually those that advocated in favor of the president’s reform agenda to begin with), and even entire states. Sen. Harry Reid’s state of Nevada, for example, sought and received a waiver from ObamaCare, the Nevada Health and Human Services Department stating that forcing through certain implementation requirements “may lead to the destabilization of the individual market.”

Barack Obama’s health care reform law may have been officially titled the “Affordable Care Act,” but perhaps a better name would have been “Waivers for Favors.”



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