Sunday, February 16, 2014

Obamacare making people less likely to work

White House press secretary Jay Carney said that the low cost of Obamacare health insurance will give workers the flexibility to leave the work force if they choose. He agreed with the CBO’s opinion that many individuals work at jobs that they don’t really value solely because the positions provide health insurance. So, whereas Obama once said, “If you like your health care plan you can keep it,” he is now saying, “If you don’t like your job, you can leave it.”

The subsidies built into Obamacare are exceptional in their severity. As has been noted by many observers, even relatively small increases in income can result in substantial losses in federal subsidies. 

With health care costs eating up increasingly large portions of personal incomes, it is easy to see why health care subsidies could be the deciding factor for many people to stay home.

AddThis