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The Obamacare bomb - The scheme is about to blow up the incentive to work
Washington Times ^ | Sept 9, 2013

Posted on 09/14/2013 11:04:20 AM PDT by Jim Robinson

A mere three weeks remain before the Obamacare exchanges open for business. The likely result will be the closing doors on Main Street, as shopkeepers and entrepreneurs shut down, unable to make ends meet. It’s clear that the wounded economy can’t cope with the exploding costs ahead.

Ohio announced that premiums would rise in the individual market by an average of 88 percent next year. Premiums will rise 72 percent in Indiana, 125 percent in Wisconsin. Even California, with its relatively robust individual market, is bracing for increases of 66 percent.

The Obamacare train wreck bearing down on us is about far more than higher costs. A study by University of Chicago economist Casey B. Mulligan documents the perverse Obamacare incentives that encourage Americans to become much less productive. He estimates that the legislation acts as a payroll tax increase for about half the working, non-elderly population earning an average weekly wage. Obamacare will turn those who work hard into losers, declaring part-timers the winners.

A typical family of four with an income of up to $94,200 will get a generous subsidy for health insurance if the head of the house drops out of full-time work and becomes a part-timer. It’s an implicit payroll tax increase of almost 5 percent. The net result is a reduction in productivity throughout the economy.

Imposing a large new tax will persuade many that long hours are for suckers. Many will decide that it isn’t worth the effort and drop out of the work force. Why work full-time to see the money taxed away? Better to work fewer hours and keep the same after-tax income.

Obamacare imposes additional pressure on bosses to move employees to part-time status to avoid large penalties by the IRS. Businesses and some public-sector employers have begun slashing their employees’...

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Editorial; Government; News/Current Events
KEYWORDS: 0carenightmare; abortion; boondoggle; deathpanels; economy; employment; jobs; obamacare; singlepayer; trainwreck; unemployment; welfarestate; zerocare
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1 posted on 09/14/2013 11:04:20 AM PDT by Jim Robinson
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To: Jim Robinson

2 posted on 09/14/2013 11:09:24 AM PDT by Bratch
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To: Jim Robinson
Hmmm...

Reduced incentive to work
Already dropping % adults in workforce
M2 velocity dropping precipitously

What could go wrong with this?

3 posted on 09/14/2013 11:10:06 AM PDT by HangnJudge
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To: Jim Robinson

http://www.politico.com/politico44/2013/09/obama-comments-on-usrussia-deal-172640.html


4 posted on 09/14/2013 11:10:55 AM PDT by Sacajaweau
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To: Jim Robinson

The crappy economy and Obombacare are killing small business. The Yellow Pages have shrunk to less than half their size around here. Many shops and services are out of business.


5 posted on 09/14/2013 11:14:56 AM PDT by shove_it (long ago Orwell and Rand warned us of 0bama's America)
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To: Jim Robinson

That was part of the original plan. All going as planned for the central planning wing of the democrat party.


6 posted on 09/14/2013 11:15:47 AM PDT by I want the USA back
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To: Jim Robinson
I wonder how the Sharks will describe Obamacare regulation and how it will cut into their profit.


7 posted on 09/14/2013 11:17:43 AM PDT by Slyfox (Without the Right to Life, all other rights are meaningless.)
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To: Jim Robinson

“Some men aren’t looking for anything logical, like money.
They can’t be bought, bullied, reasoned or negotiated with.
Some men just want to watch the world burn.”
-Alfred Pennyworth-


8 posted on 09/14/2013 11:18:07 AM PDT by Repeal The 17th (We have met the enemy and he is us.)
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To: Jim Robinson
Re: “The scheme is about to blow up the incentive to work.”

Don't worry.

McConnell, Boehner, and Cantor will “help” the Democrats fix it.

9 posted on 09/14/2013 11:18:50 AM PDT by zeestephen
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To: Jim Robinson
Many will decide that it isn’t worth the effort and drop out of the work force.

And those are just the doctors...
10 posted on 09/14/2013 11:21:03 AM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: Jim Robinson

Which is why I say, “Don’t defund it, let it happen”. This fustercluck will be the beginning of the end for the Rats.

When your enemy is digging himself a hole, don’t tell him to stop digging.


11 posted on 09/14/2013 11:21:07 AM PDT by Signalman
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To: Signalman
Which is why I say, “Don’t defund it, let it happen”.

Of course Obamacare will fail, in every important sense. But what makes you think it will be repealed?

How many failed government programs have been repealed?

By what process would it be repealed?

12 posted on 09/14/2013 11:24:58 AM PDT by St_Thomas_Aquinas (Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: Bratch

Let it just explode..don’t defund it..don’t fix it. Leave it alone.


13 posted on 09/14/2013 11:28:29 AM PDT by Recovering Ex-hippie
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To: St_Thomas_Aquinas

It will be repealed when the majority of voters, especially the low-information dolts who vote for the Rats election after election, finally figure out how bad it is and vote for candidates who WILL repeal it.


14 posted on 09/14/2013 11:30:26 AM PDT by Signalman
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To: St_Thomas_Aquinas

It won’t be repealed but replaced by single payer. That was the plan to begin with.


15 posted on 09/14/2013 11:31:10 AM PDT by Rusty0604
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To: I want the USA back

That was part of the original plan. All going as planned for the central planning wing of the democrat party.

_____________________________________________________________

The law of unintended consequences, historically, has not been something that Democrats have understood.

Your comment suggests that they now, not only understand, but actually planned for this.

While a very few progressive planners may get this, the majority of their blind supporters have no clue.

I know that when push comes to shove, close to 75% of the Democrat party will push back in a way that has never been seen.

The clueless Zombies are getting clued in as their hours are cut and they realize that they have been lied too.

They hate Republicans, mainly because they hate Bush, and this opens the door for Tea Party Libertarians.


16 posted on 09/14/2013 11:31:39 AM PDT by Zeneta (No eternal reward will forgive us now for wasting the dawn.)
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To: Recovering Ex-hippie
leave it alone

That's too risky to let the feds pick and choose what coverage they can afford. The best way out might be to make it voluntary, just like Obama promised in his debates with hillary.

17 posted on 09/14/2013 11:32:04 AM PDT by grania
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To: Jim Robinson

. . . and if ObamaCare proves to be the disaster it appears to be then let’s hope voters remember this in the next couple election rounds. At the rate Obama is going his two terms may be remembered as the most incompetent administrations ever which transformed the country into an intractable mess. As much damage as he is doing I actually belief it is not beyond repair, and with a conservative President and Congress the country can rebuild itself. We are stronger than the twerp and his political hacks who now control The White House. I believe the younger generation is going conservative — Ted Cruz, Rand Pual — and those old eighty year-old liberal like Feinstein and Reid will retire soon enough.


18 posted on 09/14/2013 11:34:27 AM PDT by AtlasStalled
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To: Jim Robinson

“Health law’s ailments can be cured by single-payer system”
All the shortcomings of the healthcare restructuring result from the decision to leave it in the hands of private insurers...
http://www.latimes.com/business/la-fi-hiltzik-20130911,0,2211922.column

Right on cue, we will be seeing many more articles like this one from 4 days ago.


19 posted on 09/14/2013 11:36:29 AM PDT by Rusty0604
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To: Bratch

Guess what — it is.


20 posted on 09/14/2013 11:37:26 AM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: Jim Robinson

The pathway to single-payer will be a bumpy one.


21 posted on 09/14/2013 11:39:42 AM PDT by headstamp 2 (What would Scooby do?)
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To: Jim Robinson

To delay this would be to throw the 2014 election. Unless the public feels the pain of Democrat policies, they’ll continue to buy the lies.


22 posted on 09/14/2013 11:52:30 AM PDT by Carry_Okie (Islam offers choices: convert, submit, or die.)
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To: Slyfox
>"I wonder how the Sharks will describe Obamacare regulation and how it will cut into their profit."

Don't cry for them Argentina.

http://biblehub.com/revelation/6-6.htm

And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.

23 posted on 09/14/2013 11:54:19 AM PDT by rawcatslyentist (Jeremiah 50:32 "The arrogant one will stumble and fall ; / ?)
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To: Jim Robinson

We conservatives are often criticized by the leftists who claim that VOTER ID’s are a bad idea

- because VOTER ID’s wold suppress voter participation,

- because of the burden of acquiring such an ID

-— that is, going thru the government’s paperwork process.

Which process, pales when compared to the weight upon a person, who *MUST* comply with all the paperwork tonnage of ObamaCare.


24 posted on 09/14/2013 11:56:25 AM PDT by First_Salute (May God save our democratic-republican government, from a government by judiciary.)
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To: St_Thomas_Aquinas; Signalman

Exactly right S_T_A. Here, in Canada, we’ve been fixing medicare continuously for 50 years (most often, by the application of additional government funding). It’s not the same system as Obamacare — but the principle is the same. No organization ever just willingly withers up and blows away. That’s especially the case for public-sector organizations. Once Obamacare is launched, millions of people will have a strong vested interest in keeping it going.


25 posted on 09/14/2013 11:58:09 AM PDT by USFRIENDINVICTORIA
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To: St_Thomas_Aquinas
By what process would it be repealed?

When California Obot voters like my sister and her cop husband see their health care costs rise 66% in one year, there's going to be hell to pay at the ballot box and in the press.

The citizens of this country are going to make Democrats' lives a real nightmare after the pain hits home.

26 posted on 09/14/2013 12:03:33 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Jim Robinson
My post on Wednesday was almost prescient.

http://www.freerepublic.com/focus/news/3065397/posts?page=14#14

This is how I suspect the Dems will solve the Obamacare fiasco for their constituency.

New Minimum Wage = (40/29) * Old Minimum Wage

So for an old minimum wage of $7.25 per hour, the new minimum wage that Dems will push for is $10 per hour.

27 posted on 09/14/2013 12:04:46 PM PDT by Rockitz (This is NOT rocket science - Follow the money and you'll find the truth.)
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To: Signalman

“..When your enemy is digging himself a hole, don’t tell him to stop digging..”

Problem is that most of us will end up in the same hole...


28 posted on 09/14/2013 12:04:48 PM PDT by QQQQ
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To: Jim Robinson

To everyone effected by this who voted for DIMs/LIBs/RINOs...

BWAAAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAAAAAAAAAAAAAAA!


29 posted on 09/14/2013 12:07:36 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: Jim Robinson

To everyone effected by this who voted for DIMs/LIBs/RINOs...

BWAAAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAAAAAAAAAAAAAAA!


30 posted on 09/14/2013 12:07:36 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: Jim Robinson

“The likely result will be the closing doors on Main Street, as shopkeepers and entrepreneurs shut down, unable to make ends meet.”

Yeah, close down business for obozo care. Speaking for myself it ain’t gonna happen.


31 posted on 09/14/2013 12:10:36 PM PDT by TalBlack (Evil doesn't have a day job.)
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To: Jim Robinson

But the GOP has to work on immigration reform!
They’re living in the shadows!


32 posted on 09/14/2013 12:11:05 PM PDT by Mr. Peabody
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To: Jim Robinson

Personally, I’m shocked. I never expected this. (/s)


33 posted on 09/14/2013 12:11:25 PM PDT by Rocky (Obama is pure evil.)
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To: Jim Robinson
The WHOLE idea was pushed by certain MAJOR Insurance interests, with a goal of eliminating competition, and gaining access to Taxpayer $$$$ to subsidize their bottom-line.

In addition, the parasitic 47% would ALSO be bought, vote-wise, by FORCING wealth-redistribution to pay for Insurance for those ALREAY living off others.

34 posted on 09/14/2013 12:12:16 PM PDT by traditional1 (Amerika.....Providing public housing for the Mulatto Messiah)
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To: Jim Robinson
Shoving Obamacare down our throats is precisely what a Democrat dominated Congress and Democrat President did upon legitimately puttng the Obamcare law into effect.

Americans being forced to take the Obamacare treatment will soon realize what having a demented Democrat majority means.

35 posted on 09/14/2013 12:12:16 PM PDT by OldNavyVet
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To: Jim Robinson

In terms of coverage, BoehnerCare has the most impact on so-called Cadillac plans (labor unions, congress) and individual non-employer based catastrophic plans. It reduces coverage at the top, and establishes new minimum coverage and costs at the bottom.

Many of the uninsured will be persuaded to buy coverage through the new health exchanges, bit most will not. The “bending the curve” expected will not occur and the economics will fall apart for insurers and State budgets.

Add this to the disincentive to work expressed in this article and you have a much larger effect than a mere train wreck, you have fundamentally changed America forever.


36 posted on 09/14/2013 12:12:54 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: St_Thomas_Aquinas

Unfortunately you’re correct. It will have to collapse under is own weight before it fails and the defund effort will be as productive as the Fast and Furious or Benghazi investigations. This portends a long, chaotic and agonizing three and half to four years for America.


37 posted on 09/14/2013 12:15:25 PM PDT by Dysart (Being nuts has its advantages...and the machete doesn't hurt, either.)
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To: traditional1
The WHOLE idea was pushed by certain MAJOR Insurance interests, with a goal of eliminating competition,

Oh, yeah, as always they were instrumental in writing law; here the OCA. This is the tried and true blueprint for large connected crony interests to build their market domination by eliminating competitors. The subsidizing of the dependent class with redistributed earnings is only the latest twist.

38 posted on 09/14/2013 12:23:19 PM PDT by Dysart (Being nuts has its advantages...and the machete doesn't hurt, either.)
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To: Zeneta

Awesome post. We as a nation are at a bifurcation point. We either go toward “single payer” (an Orwellian term that make me vomit) or realize that “healthcare” is just another service/commodity like groceries or plumbing services, etc. that the free market can handle better. When the government controls “healthcare” it owns your body and you are a slave.


39 posted on 09/14/2013 12:29:44 PM PDT by Ceausescu (Thank you. I'll be here all week. Try the virgins, they're to die for.)
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To: shove_it

The Yellow Pages have shrunk because business owners realize only some of those over 70 still use them, and no one else. Everyone else uses Interent search engines.


40 posted on 09/14/2013 12:34:18 PM PDT by FreedomPoster (Islam delenda est)
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To: Signalman

None of us, and certainly not the Republic, will survive that long.


41 posted on 09/14/2013 12:37:50 PM PDT by EDINVA
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To: HangnJudge
Large companies will be 'assessed' $64 per family member of every employee in the company... money sent to the Government as a donation to the cause so to speak - on top of any health care costs....

The perverse incentive of this gem is to make companies choose - all other things being equal - the man or woman with the fewest dependents.

In a country that's importing warm bodies to keep the population going - this incentive will discourage some of the most productive in the United States from having children.

42 posted on 09/14/2013 12:48:08 PM PDT by GOPJ (As Iowahawk..summed it up Putin is now just basically doing donuts in Obama’s front yard." Steyn)
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To: Signalman
Signalman: "This fustercluck will be the beginning of the end for the Rats. When your enemy is digging himself a hole, don’t tell him to stop digging."

The key question is : will this develope a 'new class' of people dependant on "entitlements" be enough to overturn the working class ?
People prefer to get freebies

"The democracy will cease to exist
when you take away from those who are willing to work
and give to those who would not."-- Thomas Jefferson

43 posted on 09/14/2013 12:51:13 PM PDT by Tilted Irish Kilt (Enlightened statesmen will not always be at the helm. -- James Madison)
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To: LostInBayport
And those are just the doctors...

When enough doctors quit - the 'crisis' will be solved by having lay people who don't know crap about medicine giving medical care. Might not need those death panels after all - incompetence might 'solve' the problem of too many grandparents...

44 posted on 09/14/2013 12:51:34 PM PDT by GOPJ (As Iowahawk..summed it up Putin is now just basically doing donuts in Obama’s front yard." Steyn)
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To: FreedomPoster

“... only some of those over 70 still use them...”

That’s me FRiend and there’s a lot like me around here. You are right of course and the white pages have shrunk too because of cell phones. With the Shuttle demise along with related businesses, it’s tough here on the Florida Space Coast but it will come back in time, it always has. Private enterprise is going to take over the space program.


45 posted on 09/14/2013 1:23:34 PM PDT by shove_it (long ago Orwell and Rand warned us of 0bama's America)
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To: GOPJ
When enough doctors quit - the 'crisis' will be solved by having lay people who don't know crap about medicine giving medical care.

CA GOV. BROWN TO SIGN BILL LEGALIZING NON-PHYSICIAN ABORTIONS


46 posted on 09/14/2013 1:24:41 PM PDT by Iron Munro (When a killer screams 'Allahu Akbar' you don’t need to be mystified about a motive.)
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To: Jim Robinson

More voters for the Un-American party.


47 posted on 09/14/2013 1:58:57 PM PDT by Moorings ("Tax and Spend Liberal" is not just a Republican campaign slogan anymore.)
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To: Slyfox
I wonder how the Sharks will describe Obamacare regulation and how it will cut into their profit.

Except for the fact that it's on (I think) hardcore Lefty NBC, that would actually be a really good venue to discuss Obamacare in terms of deal structure and "who benefits", that the People could appreciate and use.

It's an education itching to happen.

48 posted on 09/14/2013 2:26:10 PM PDT by lentulusgracchus
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To: Windflier

“The citizens of this country are going to make Democrats’ lives a real nightmare after the pain hits home.”

I sure as hell hope so!

I refuse to even knowingly speak to these democrat maggots. Last September I disowned 3 step sisters and a brother-in-law. They are dead to me and I told them as much.

Fortunately, I am retired and not forced to share air with democrats in a work environment.


49 posted on 09/14/2013 2:42:29 PM PDT by Gator113 (The mighty Bear ate the cowardly rat. Obama must resign.)
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To: Signalman

“This fustercluck will be the beginning of the end for the Rats.”

ONe can only hope. (But those scu*bags will find a way to blame the Constitution, the Tea Party, the Founding Fathers, and all those knuckle-dragging Christian morons/s/ out there. )

IMHO


50 posted on 09/14/2013 2:52:05 PM PDT by ripley
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