Skip to comments.How Obamacare Will Shrink the Labor Supply (freeloaders jazzed)
Posted on 10/14/2013 2:38:30 PM PDT by Libloather
Under the Affordable Care Act, someone making less than 138 percent of the poverty line qualifies for Medicaid, and someone between 138 and 400 percent of the poverty line is qualified to receive a federal tax subsidy for health insurance bought on a government exchange. But here is the problem: premiums will rise for millions of Americans because of requirements that policies provide certain benefits that they didnt offer before. This means plenty of people will now have a pricier plan, and no way to defray the cost. My colleague Chuck Blahous sends me this piece from SFGate that gives an example of what that could look like for many families:
This new plan, Kaisers cheapest offering for 2014, would consume about 25 percent of their after-tax income. The new plan still has a $5,000 deductible but provides coverage for things her current policy does not, such as maternity care, healthy child visits and coverage for dependents up to age 26. Proctor has no use for such coverage, since her son is 30.
(Excerpt) Read more at nationalreview.com ...
All part of the master plan.
“would consume 25% of after tax income”
It’s almost like submitting a credit card debt to judgment. If your credit rate is 20% and the judgment interest rate is (say) 8% you come out 12 points ahead.
The most they can garnish of your income is 25%. So if you were a young person it would cost you less money to pay the penalty, let the hospital sue you for a catastrophic illness /injury, then enter into voluntary garnishment.
Delaying the business mandate (while enforcing the individual mandate) is the regime’s tactic for making businesses dump their workers’ health coverage.
The planned to do this all along. This Zerocare is just a stepping stone to a single-payer NHS-like system.
What Obama is really doing (though Obamacare and other things) is pushing companies to have the bulk of their employees outside the United States. The fewer American employees, the fewer regulation they will have to contend with. Are our leaders really so blind to this?