Will 2.5 million people lose their jobs in 10 years, thanks to the ACA? “We would not describe our estimates in that way,” Elmendorf wrote Monday.
It’s a matter of choice, he said. “Because the longer-term reduction in work is expected to come almost entirely from a decline in the amount of labor that workers choose to supply in response to the changes in their incentives, we do not think it is accurate to say that the reduction stems from people ‘losing’ their jobs,” Elmendorf wrote. Whether or not people choosing to work less is beneficial to society or the economy more broadly “is a matter of judgment,” he said.
Once a person earns 1 dollar more than the subsidy level, your cost for insurance can increase by $10,000 more a year.
So turn down that raise or work less hours to make sure your subsidy doesn’t go away.