Obamacare may prompt people to work less

CNN Money ^ | February 4, 2014 | Tami Luhby

[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.

[rainee]

All according to plan..more people staying on the plantation is a good thing to the libs.

[SHOOT THE MOON bat]

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.

[Jonty30]

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.

[informavoracious]

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.

[I want the USA back]

“Obamacare may prompt people to work less “
Well that’s obvious, and it was one of the intended consequences.

[headstamp 2]

That’s OK, amnesty will take care of this according to the GOPe.

[Teotwawki]

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."

[informavoracious]

These people honestly think government money grows on trees.

[jdsteel]

This post is aching for a Mr. Obvious image.

[Tallguy]

IOW’s citizen’s making rational economic decisions based on a disincentive for work? Those can’t be Obama-voters...

[Graewoulf]

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 !

[twister881]

And of course, no such thing as “government money,” only trillions extorted from taxpayers...all 49% of us.

[informavoracious]

Exactly my point!