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Obamacare may prompt people to work less
CNN Money ^
| February 4, 2014
| Tami Luhby
Posted on 02/05/2014 12:53:31 PM PST by rightwingintelligentsia
Many workers may opt to work less to retain their eligibility for Medicaid or federal subsidies under Obamacare, a new report has found.
The Affordable Care Act could reduce the labor force by the equivalent of 2.5 million workers in 2024, according to the non-partisan Congressional Budget Office's annual outlook.
That doesn't mean employers will start swinging the ax or even that that many jobs will be lost, CBO says. Rather, more people will likely opt to reduce their hours, or leave the workforce entirely, so they stay under the income caps for Medicaid and federal subsidies.
(Excerpt) Read more at money.cnn.com ...
KEYWORDS: 0carenightmare; abortion; cbo; cboobamacarereport; cboreport; deathpanels; desparatespin; laborforce; obamacare; zerocare
All according to plan..more people staying on the plantation is a good thing to the libs.
posted on 02/05/2014 12:57:54 PM PST
Are you choosing which third world nation you want to immigrate to? Why should I live in this one and support all of the losers. Lots of perks for seniors on pensions in Panama.
posted on 02/05/2014 12:57:56 PM PST
by SHOOT THE MOON bat
(If I'm going to live in a banana republic it might as well be one with good tropical weather.)
It’s not a lack of work that would be the problem, but a lack of income. If I ever win the lottery of sufficient means, I’d be happy to not work at all.
posted on 02/05/2014 12:58:55 PM PST
(What Islam and secularism have in common is that they are both death cults)
Many will opt to work less because the pay from those extra hours or better job is being stolen to pay for someone else’s subsidy. Goin’ Galt.
“Obamacare may prompt people to work less “
Well that’s obvious, and it was one of the intended consequences.
posted on 02/05/2014 1:11:28 PM PST
by I want the USA back
(Media: completely irresponsible traitors. Complicit in the destruction of our country.)
That’s OK, amnesty will take care of this according to the GOPe.
posted on 02/05/2014 1:14:20 PM PST
by headstamp 2
(What would Scooby do?)
The San Francisco Chronicle, in an article publishes October 13, 2013, advised this: People whose 2014 income will be a little too high to get subsidized health insurance from Covered California next year should start thinking now about ways to lower it to increase their odds of getting the valuable tax subsidy. "If they can adjust (their income), they should," says Karen Pollitz, a senior fellow with the Kaiser Family Foundation. "It's not cheating, it's allowed."
posted on 02/05/2014 1:17:44 PM PST
(For a person to get a thing without paying for it, another must pay for it without getting it.)
These people honestly think government money grows on trees.
This post is aching for a Mr. Obvious image.
posted on 02/05/2014 1:35:03 PM PST
(Give me freedom, not more government.)
IOW’s citizen’s making rational economic decisions based on a disincentive for work? Those can’t be Obama-voters...
posted on 02/05/2014 1:46:17 PM PST
The CBO report on the millions of workers to be freed from their jobs in order to be unemployed by virtue of Obamacare, has proven what B. Hussein Obama has said many, many times over his First Five Year Plan: My number one priority is jobs, Jobs, JOBS!
Yeah, B. Hussein wanted FEWER jobs, but none the less he WAS thinking about jobs, Jobs, JOBS !
posted on 02/05/2014 3:39:27 PM PST
(Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
And of course, no such thing as “government money,” only trillions extorted from taxpayers...all 49% of us.
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