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Economy
Obamacare Discourages Work - CBO; That's Good - WH
2014-02-09
It happened in September, when her boss abruptly changed her job description. She went from doing payroll, which she liked, to working on her boss's schedule, which she loathed. At another time, she might have had to grit her teeth and accept the new position because she needed the health benefits.
Or looked for another job that had health benefits. Or gone postal and bumped off her boss.
But with the health-care law soon to take effect, she simply resigned. "It was wonderful. It was very freeing," said Lower, no pun intended 56, of Bourbon, Ind., who is now babysitting her 5-year-old granddaughter full time. With the help of federal subsidies that kicked in Jan. 1, she is paying less than $500 a month for health coverage for herself and her husband.
An especially generous subsidy, since she now has no income.
Did she thank you and me? It's the least she could do. But no doubt she thinks she's 'earned' this benefit...
The nonpartisan CBO says that workers, taking into consideration the new financial assistance available from the federal government to make insurance more affordable for low- and middle-income people, will scale back their productivity. It contends that the effect on the labor force will be most pronounced among those who qualify for the subsidies. The more money people make, the lower their subsidies.
Who would have ever imagined that?
The report cited evidence that government health-insurance programs for the poor discourage work. A study in Tennessee found that the employment rate ticked upward after the state in 2005 kicked 170,000 adults off Medicaid, the state-federal insurance program for the poor.
More shocking news!
Economists across the political spectrum agree that workers' decisions will have an effect on the economy. But like other debates about the law, this one divides along ideological lines and hinges on differing opinions about the fundamental role of government in the lives of Americans.
Really? Even though Mrs. Bobby no longer receives the WaPo at home (in Texas), I feel obligated to bring you its award-winning prose/news.
The White House and its allies argue that the government has a role in addressing what they defined as a failure of the health-insurance market: the high prices and coverage restrictions that have kept health coverage out of reach for so many people including millions that don't want to pay for it at all. Like Social Security, which provides a safety net so people can retire, the health law may have the effect of leading some Americans to stop working, they say.
That's fine, but I object to paying their subsidy so they can loaf. There is enough of that already!
But they called the impact positive, arguing that people have for too long been stuck in jobs that are a poor fit or that they dislike, simply for the benefits, not to mention the salary.
Since when is that a problem? Life doesn't care that you don't like your job. You do the job anyway and find 'meaning' to your life outside work. My grandfather could tell you all about that.
While some people may make the calculation to just work less to keep more generous benefits, many will use their time to do something more productive, such as start their own business or take care of family members, advocates of the new law say.
How will they start a business when the costs of O-care crush the startups?
Conservatives say that the CBO numbers prove that the health-care law will be a drag on the economy. Moreover, they say, it makes no sense to give people subsidies to encourage them to quit their jobs.
Why don't we ALL quit working and take subsidies? Think how liberating that would be. And how stupid...
Posted by:Bobby

#3  Remember the talking points -

Unemployment during a Trunk administration - BAD
Unemployment during a Donk administration - GOOD
Posted by: Procopius2k   2014-02-09 20:18  

#2  "Conservatives say that the CBO numbers prove that the health-care law will be a drag on the economy."

Putting a drag on the economy was one of the main purposes of the ACA. To Democrats, this is not a bug-- it's a feature.

"Moreover, they say, it makes no sense to give people subsidies to encourage them to quit their jobs."

It makes perfect sense to Democrats: the more people who get lured into chronic dependency on government handouts, the more people who will be inclined to vote Democrat to keep the handouts coming.

The Democratic Party used to be "the working-man's party" (or at least, that's how they billed themselves); anymore, they're the party for the NON-working man.

They've become the Parasite Party-- the party for freeloaders, fools, freaks and f*ckups.
Posted by: Dave D.   2014-02-09 18:40  

#1   But, but, but I thought work wuz good for ya.

From the Burg Bulldozer file: Roosevelt's CCC Camp logging photo from the 1930's.
Posted by: Besoeker   2014-02-09 09:50  

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