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President Obamas health-care overhaul will put roughly 25 million people into public health exchanges by 2018, ring up more than $1 trillion in insurance costs over the next decade and could well create a small contingent of workers unwilling to work for fear of losing federal medical aid.
Those are the findings from a Congressional Budget Office report released Tuesday, which also said the number of those receiving subsidies through exchanges will total 20 million in that time.
WASHINGTON Obamacare will push the equivalent of about 2 million workers out of the labor market by 2017
This sucks that innovation and r@d is being hit hard.
people choosing to work less.
oh the horror
Everything Obama has promised about Obamacare has turned out to be misleading. As usual.
CBO Report: [t]he estimated reduction [in labor] stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses demand for labor.
A lot of people change their jobs. So the tax benefit should change and go with them, and not be attached to their jobs. We want to address job lock. So, the key question that ought to be addressed in any health care reform legislation, is are we going to continue job lock, or are we going to allow individuals more choice, and portability to fit the 21st century workforce? [Paul Ryan, 5/20/2009]
Today, leaving a job or changing jobs means leav*ing behind the health insurance provided at the place of work. Individuals who wish to take a better job, change careers, or leave the workforce to raise a family or to retire early take substantial risks. [...] Under the McCain plan, which links tax breaks directly to individuals instead of to their place of work, individuals would no longer feel obligated to stay with their employers simply because they need to keep their employer-based health insurance. [Heritage Foundation, 10/15/2008]
Of course there are a number of things that I like in health care reform that Im going to put in place . I also want individuals to be able to buy insurance, health insurance, on their own as opposed to only being able to get it on a tax advantage basis through their company. [Mitt Romney, 9/9/2012]
[T]he employer-based system leads to job lock, whereby people are afraid to leave their jobs if they fall ill on the job, because switching plans could mean higher premiums or denial of coverage. [Avik Roy, former health care adviser to Mitt Romney, 2/7/2012]
So people are no longer locked into jobs they don't want...and this is bad?
This is a profound truth!
Thanks EDGETHO!
"dimocraps lie. Top to bottom, inside-out, the long the short the tall the fat the skinny the young the old the elected the unelected the men the women the sexually confused long hair short hair brothers sisters cousins moms dads their dogs their cats their unions their teachers their tv personalities their actors actresses congressmen congresswomen senators
dimocraps lie. the ones in here are especially pathological liars"
How much was our current health care system costing? This certainly does suck and really so when it comes to science, innovation and r@d within the healthcare field
