by the Left Coast Rebel
Sometimes I grow weary of reading and analyzing the malfeasance and treachery that surrounds us. I'm sure that you do too.
Aside from bankrupting the nation, bringing the quality of care down for everyone and instituting the most micromanaged government intrusion into every aspect of our lives, Obamacare also disincentives productive work. The gory details from IBD:
... the new health law will give some older households without access to employer care a big incentive not to earn too much. That’s because earning more than 400% of the poverty level would make them ineligible for subsidies that may be well in excess of $10,000 for couples.
Consider this example of a single individual age 62 in a high-cost area and no access to employer care. According to the Kaiser Family Foundation’s Health Reform Subsidy Calculator:
* At 200% of the poverty level, or $23,000 in income in 2014, an individual would get $10,750 in premium subsidies.
* At 400% of the poverty level, or $46,000, an individual would get $7,830 in premium subsidies.
* And at 401% of the poverty level, an individual would get no government support.
Just another Ivy League-overlooked, moral hazard aspect of the forced takeover of our health care industry. If we still had enough of the Founder's spirit running through our veins, there would be a revolt over this. Remember, Obamacare has nothing to do with 'improving' the health care system, it has everything to do with income redistribution.
Will there be on November 2?
Updated: Daniel Blatt reminds us of Nancy Pelosi's words on Obamacare and jobs:
In February, Ed Morrissey pointed out that in making the case for the Democrats’ health care overhaul, House Speaker Nancy Pelosi told us that is wasn’t really a health-care reform bill, but actually a jobs bill: “In arguing for the current version of ObamaCare, whatever that is at the moment, Nancy Pelosi claims that it will create four million jobs — or nearly half of all the jobs lost over the last two years:“
Related: Howard Towt on Nancy Pelosi over at Anti-Republican Culture.