CBO Director Says ObamaCare Will Drive People From the Workforce

[CaféAuLait]

“For the economy outside the health sector, the most significant impact of the legislation will be through the labor market,” Elmendorf said on Oct. 22. “We estimated that the legislation, on net, will reduce the amount of labor used in the economy by roughly half a percent, primarily by reducing the amount that people choose to work.”

He explained that people would choose not to work because they could subsist on the generous federal insurance subsidies and Medicaid payments contained in the health care overhaul.

“Some provisions of the legislation will discourage people from working more hours or entering the workforce, and other provisions will encourage them to work more,” he said, adding that “[t]he net reduction in the supply of labor is largely attributable to the substantial expansion of Medicaid and the provision of subsidies through the new insurance exchanges.”

Read more:

CBO Director Says ObamaCare Will Drive People From the Workforce | CNSnews.com

 

[Charles_Main]

Yay!!

 

[uscitizen]

Ohh yeah I won't work because of health insurance.
Who needs a house and car anyway.

 

[The Rabbi]

Think of all those artists out there freed from having to worry about work!
[ame]http://www.youtube.com/watch?v=TRY7Wvim8-8[/ame]

Surely you aren't saying Speaker Pelosi is lying, right???

 

[shintao]

Ohh yeah I won't work because of health insurance.
Who needs a house and car anyway.

Yeah, I won't work until they ban corporate aid and war.

 

[McDowell's]

I think the appropriate spin you're looking for is: "This is good because it will reduce the unemployment rate."

 

[shintao]

Why should a corporation hire more workers in a capitalist system?? By making his product scarce, he can raise the price on his product to cover any losses, while not paying wages & benefits & buying material costs, utilities, etc. to make items.

 

[McDowell's]

That's when another corporation or individual who wants to make money makes a substantially similar product to meet the excess demand and prices fall...amazing how that works. Seems you're assuming infinite entry barriers to all industries.

 

[thereisnospoon]

Ohh yeah I won't work because of health insurance.
Who needs a house and car anyway.

How uninformed of you.
Obamacare is going to cause employers to look very hard at their balance sheets.
Firms will choose the federal penalty because it is less expensive than insuring their employees.
Next those families who's income barely exceeds the threshold of eligibility for federal subsidies and having to pay 18% of their gross income for Obamacare may opt to have one spouse quit work to reduce their family income to fall below the level needed to collect federal insuance benefits.
Think about it. Lets say the family income is $70,000 per year. The maximum income to get federal Obamacare subsidies is $62,000. One spouse makes $25k and the other $50k.
18% of $70k is $12,600. SO take more than half of the one($25k) income away to pay for Obamacare. It makes little sense to have a person work full time for $13k per year.
The goal as admitted by Obama is to create a federally mandated single payer European style socialized medicine system...As any intelligent perosn knows, socialized medicine is rationed medical care. High taxes. Medical care is much more expensive and is of poorer quality.
Bureaucrats will use raw figures to decide who gets treatment and who gets to "put their affairs in order". Government will decide which treatments are "just too expensive".
In order for this work it must be a captive system in which laws must be created to prohibit patients form seekeing care outside the government system. No American would be permitted to pay for care out of pocket. There is no private health insurance. In the Obamacare bill, private health insurance becomes illegal 5 years to the day after the bill was signed into law.

 

[VaYank5150]

Ohh yeah I won't work because of health insurance.
Who needs a house and car anyway.

How uninformed of you.
Obamacare is going to cause employers to look very hard at their balance sheets.
Firms will choose the federal penalty because it is less expensive than insuring their employees.
Next those families who's income barely exceeds the threshold of eligibility for federal subsidies and having to pay 18% of their gross income for Obamacare may opt to have one spouse quit work to reduce their family income to fall below the level needed to collect federal insuance benefits.
Think about it. Lets say the family income is $70,000 per year. The maximum income to get federal Obamacare subsidies is $62,000. One spouse makes $25k and the other $50k.
18% of $70k is $12,600. SO take more than half of the one($25k) income away to pay for Obamacare. It makes little sense to have a person work full time for $13k per year.
The goal as admitted by Obama is to create a federally mandated single payer European style socialized medicine system...As any intelligent perosn knows, socialized medicine is rationed medical care. High taxes. Medical care is much more expensive and is of poorer quality.
Bureaucrats will use raw figures to decide who gets treatment and who gets to "put their affairs in order". Government will decide which treatments are "just too expensive".
In order for this work it must be a captive system in which laws must be created to prohibit patients form seekeing care outside the government system. No American would be permitted to pay for care out of pocket. There is no private health insurance. In the Obamacare bill, private health insurance becomes illegal 5 years to the day after the bill was signed into law.

What sort of bullshit employer do YOU work for? Our company touts it's benefits highly in order to attract the best talent. It is not something they see as an afterthought. Our benefits are considered with salaries as "total compensation". I guess working for a foreign owned company has it's advantages.

 

[The Rabbi]

Ohh yeah I won't work because of health insurance.
Who needs a house and car anyway.

How uninformed of you.
Obamacare is going to cause employers to look very hard at their balance sheets.
Firms will choose the federal penalty because it is less expensive than insuring their employees.
Next those families who's income barely exceeds the threshold of eligibility for federal subsidies and having to pay 18% of their gross income for Obamacare may opt to have one spouse quit work to reduce their family income to fall below the level needed to collect federal insuance benefits.
Think about it. Lets say the family income is $70,000 per year. The maximum income to get federal Obamacare subsidies is $62,000. One spouse makes $25k and the other $50k.
18% of $70k is $12,600. SO take more than half of the one($25k) income away to pay for Obamacare. It makes little sense to have a person work full time for $13k per year.
The goal as admitted by Obama is to create a federally mandated single payer European style socialized medicine system...As any intelligent perosn knows, socialized medicine is rationed medical care. High taxes. Medical care is much more expensive and is of poorer quality.
Bureaucrats will use raw figures to decide who gets treatment and who gets to "put their affairs in order". Government will decide which treatments are "just too expensive".
In order for this work it must be a captive system in which laws must be created to prohibit patients form seekeing care outside the government system. No American would be permitted to pay for care out of pocket. There is no private health insurance. In the Obamacare bill, private health insurance becomes illegal 5 years to the day after the bill was signed into law.

What sort of bullshit employer do YOU work for? Our company touts it's benefits highly in order to attract the best talent. It is not something they see as an afterthought. Our benefits are considered with salaries as "total compensation". I guess working for a foreign owned company has it's advantages.

Better get your resume in order. If your company has bloated expenses guess what they'll be cutting.

 

[Gadawg73]

CBO also says Medicare and the growth of the medical community will bankrupt us in 15 years.
The doctors and medical community claim the CBO is wrong on that one. Which is true?
Health care was 4% of GNP in 1960 and will be 20% of GNP in 5 years.
Explain how that is a great way to serve a nation's health care needs.
Obamacare and the current system are fucked.

 

[uscitizen]

Ohh yeah I won't work because of health insurance.
Who needs a house and car anyway.

How uninformed of you.
Obamacare is going to cause employers to look very hard at their balance sheets.
Firms will choose the federal penalty because it is less expensive than insuring their employees.
Next those families who's income barely exceeds the threshold of eligibility for federal subsidies and having to pay 18% of their gross income for Obamacare may opt to have one spouse quit work to reduce their family income to fall below the level needed to collect federal insuance benefits.
Think about it. Lets say the family income is $70,000 per year. The maximum income to get federal Obamacare subsidies is $62,000. One spouse makes $25k and the other $50k.
18% of $70k is $12,600. SO take more than half of the one($25k) income away to pay for Obamacare. It makes little sense to have a person work full time for $13k per year.
The goal as admitted by Obama is to create a federally mandated single payer European style socialized medicine system...As any intelligent perosn knows, socialized medicine is rationed medical care. High taxes. Medical care is much more expensive and is of poorer quality.
Bureaucrats will use raw figures to decide who gets treatment and who gets to "put their affairs in order". Government will decide which treatments are "just too expensive".
In order for this work it must be a captive system in which laws must be created to prohibit patients form seekeing care outside the government system. No American would be permitted to pay for care out of pocket. There is no private health insurance. In the Obamacare bill, private health insurance becomes illegal 5 years to the day after the bill was signed into law.

Ohh so it will be enforcing conservative family values of keeping the wife at home raising kids and making sammiches.

 

[uscitizen]

CBO also says Medicare and the growth of the medical community will bankrupt us in 15 years.
The doctors and medical community claim the CBO is wrong on that one. Which is true?
Health care was 4% of GNP in 1960 and will be 20% of GNP in 5 years.
Explain how that is a great way to serve a nation's health care needs.
Obamacare and the current system are fucked.

Obamacare was carefully crafted by lobbyists and such to help the health care industry grow and become more expensive.
It was not designed for the people's benefit. I predicted that outcome before the debates even started.

 

[Claudette]

How uninformed of you.
Obamacare is going to cause employers to look very hard at their balance sheets.
Firms will choose the federal penalty because it is less expensive than insuring their employees.
Next those families who's income barely exceeds the threshold of eligibility for federal subsidies and having to pay 18% of their gross income for Obamacare may opt to have one spouse quit work to reduce their family income to fall below the level needed to collect federal insuance benefits.
Think about it. Lets say the family income is $70,000 per year. The maximum income to get federal Obamacare subsidies is $62,000. One spouse makes $25k and the other $50k.
18% of $70k is $12,600. SO take more than half of the one($25k) income away to pay for Obamacare. It makes little sense to have a person work full time for $13k per year.
The goal as admitted by Obama is to create a federally mandated single payer European style socialized medicine system...As any intelligent perosn knows, socialized medicine is rationed medical care. High taxes. Medical care is much more expensive and is of poorer quality.
Bureaucrats will use raw figures to decide who gets treatment and who gets to "put their affairs in order". Government will decide which treatments are "just too expensive".
In order for this work it must be a captive system in which laws must be created to prohibit patients form seekeing care outside the government system. No American would be permitted to pay for care out of pocket. There is no private health insurance. In the Obamacare bill, private health insurance becomes illegal 5 years to the day after the bill was signed into law.

What sort of bullshit employer do YOU work for? Our company touts it's benefits highly in order to attract the best talent. It is not something they see as an afterthought. Our benefits are considered with salaries as "total compensation". I guess working for a foreign owned company has it's advantages.

Better get your resume in order. If your company has bloated expenses guess what they'll be cutting.

So right Rab.

If your the CFO of a company and your looking to cut costs I would think very expensive benefits would probably be the first thing that gets kicked to the curb. I'm sure they would rather pay the fine.

That makes perfect sense to me.

 

[The Rabbi]

CBO also says Medicare and the growth of the medical community will bankrupt us in 15 years.
The doctors and medical community claim the CBO is wrong on that one. Which is true?
Health care was 4% of GNP in 1960 and will be 20% of GNP in 5 years.
Explain how that is a great way to serve a nation's health care needs.
Obamacare and the current system are fucked.

Obamacare was carefully crafted by lobbyists and such to help the health care industry grow and become more expensive.
It was not designed for the people's benefit. I predicted that outcome before the debates even started.

So you're saying the Democrats are the party of big business? I agree!

 

[Gadawg73]

CBO also says Medicare and the growth of the medical community will bankrupt us in 15 years.
The doctors and medical community claim the CBO is wrong on that one. Which is true?
Health care was 4% of GNP in 1960 and will be 20% of GNP in 5 years.
Explain how that is a great way to serve a nation's health care needs.
Obamacare and the current system are fucked.

Obamacare was carefully crafted by lobbyists and such to help the health care industry grow and become more expensive.
It was not designed for the people's benefit. I predicted that outcome before the debates even started.

That is what we have now so how is that any different?
I am 56 yoa, self employed for 30 years.
BELIEVE ME, the current system we have is terrible, one of the worst HEALTH CARE systems in the industrialized world.
Great disease care for the unhealthiest ctizens around.
Wake up. Doctors are the problem now. Group health care has ruined American health care. Does your car insurance pay for an oil change, home owners for a paint job?
We need a change.Not Obama care but something similar to Germany and Canada. Self employed businesses and small businesses are failing daily for he LAST 15 YEARS because of the current system. And I vote Republican!

 

[Truthmatters]

These are teh people who were UNABLE to retire do to the costs of health insurance.

I have an uncle who was forced back to work after retiring because his wifes illness.

 

[LibocalypseNow]

Ya think? What took em so long to figure this one out? This is exactly why i fully support actually reading Legislation before voting on it. Man we can't get rid of this Dem-led Worst Congress in History fast enough. Is it Nov. 2nd yet?

 

[Mr. Shaman]

How uninformed of you.
Obamacare is going to cause employers to look very hard at their balance sheets.
Firms will choose the federal penalty because it is less expensive than insuring their employees.
Next those families who's income barely exceeds the threshold of eligibility for federal subsidies and having to pay 18% of their gross income for Obamacare may opt to have one spouse quit work to reduce their family income to fall below the level needed to collect federal insuance benefits.
Think about it. Lets say the family income is $70,000 per year. The maximum income to get federal Obamacare subsidies is $62,000. One spouse makes $25k and the other $50k.
18% of $70k is $12,600. SO take more than half of the one($25k) income away to pay for Obamacare. It makes little sense to have a person work full time for $13k per year.
The goal as admitted by Obama is to create a federally mandated single payer European style socialized medicine system...As any intelligent perosn knows, socialized medicine is rationed medical care. High taxes. Medical care is much more expensive and is of poorer quality.
Bureaucrats will use raw figures to decide who gets treatment and who gets to "put their affairs in order". Government will decide which treatments are "just too expensive".
In order for this work it must be a captive system in which laws must be created to prohibit patients form seekeing care outside the government system. No American would be permitted to pay for care out of pocket. There is no private health insurance. In the Obamacare bill, private health insurance becomes illegal 5 years to the day after the bill was signed into law.

What sort of bullshit employer do YOU work for? Our company touts it's benefits highly in order to attract the best talent. It is not something they see as an afterthought. Our benefits are considered with salaries as "total compensation". I guess working for a foreign owned company has it's advantages.

Better get your resume in order. If your company has bloated expenses guess what they'll be cutting.

....Or, CALL DR. CHIP!!!!!!!!!!!!

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