America does face a cliff – not a fiscal cliff, but a set of precipices obscured by Republicans' obsession over government’s size and spending, Reich writes.
States have until Dec. 14 to decide whether they will implement their own insurance exchanges under 'Obamacare' or have the federal government do it. Many governors have already refused to set up exchanges.
The health-care law could strain household budgets, but drastic impacts on the US economy over the coming decade are unlikely, experts say.
The health-care reform law, aka Obamacare, is poised to enter a crucial 12 months that includes setting up state exchanges, levying taxes on the wealthy, and preparing for the individual mandate.
OK, Republicans have ceded ground on tax revenues. Now, under Obama's 'balanced' approach to averting the fiscal cliff, Democrats presumably would consent to spending cuts on entitlement programs or Obamacare. But what Dems would accept may not be what GOP has in mind.
On Monday, the Supreme Court ordered a lower court to decide on a case involving a clash between religious liberty and Obamacare. Government must tread lightly in defining religion as a way to achieve universal health care and increase access to contraceptives.
House Speaker John Boehner says it should be, but with a Democratic president and Senate, the reality could be that Republicans will only be able to chip away at the edges of Obamacare.