If you look up the definition of “bait and switch,” you will find a reference to ObamaCare.
OK, you won’t really find mention of ObamaCare. But it would be perfectly understandable if you did.
Its supporters used a series of cynical accounting tricks to make it seem as if the health care reform law would reduce, rather than increase, federal budget deficits. That isn’t likely to pan out, as noted in a devastating recent study by Charles Blahous, a Medicare trustee, and by countless other observers.
And now, more and more small businesses are discovering that ObamaCare’s lure of supposed tax credits for companies that provide medical insurance to their workers was a mirage — or at least requires such a complicated application process that it isn’t worth the aggravation.
Joyce Rosenberg, who writes on small business for The Associated Press, spelled out what a joke the tax credits really are for lots of businesses.