Congressional Budget Office sends death blow to ObamaCare

Read:  http://nypost.com/2014/02/05/congressional-budget-office-sends-death-blow-to-obamacare/

This is the economic carnage, dehumanization, free market disruption and stigmatizing results that Progressives wreak by their statism.  Thank you so much, Obama supporters.  

Virtually as many Americans will lack health coverage in 10 years as before the law was passed — but 2 million fewer will be working than if the law hadn’t passed.

One killer detail comes on Page 111, where the report projects: “As a result of the ACA, between 6 million and 7 million fewer people will have employment-based insurance coverage each year from 2016 through 2024 than would be the case in the absence of the ACA.”

Even more damaging is this projection: “About 31 million nonelderly residents of the United States are likely to be without health insurance in 2024, roughly one out of every nine such residents.”

New expenditures of as much as $2 trillion and a colossal disruption of the US medical system.

“a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024.”

Poor people get certain subsidies, which disappear once a worker achieves a certain level of compensation. So it may be better to work less, or not work at all, rather than reach that higher pay level, because the pay increase won’t offset the loss of the subsidy.

 

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