According to new economic analysis
by the Heritage Foundation’s Drew Gonshorowski, Obamacare will effectively push many low income Americans off the bottom of the economic ladder, thereby stunting their upward mobility.
According to the Congressional Budget Office (CBO), Obamacre lowers labor compensation by 1 percent annually between 2017 and 2024. The Heritage Foundation illustrates how this will affect individuals at different income levels.
It is easy to observe that for lower incomes, Obamacare encourages people to work less, but that choice ultimately comes at a cost: further suppression of upward mobility and less economic flourishing.
Speaker John Boehner (R-OH) said that Obamacare and the economy are the two biggest issues this election year. Some speculate that the GOP is focused too heavily on the health care law, which is what prompted the question and his response. Politico Pro reports (sub. req’d):
“There are two really big issues this year, it’s the economy and it’s Obamacare,” he said. “I think it’s important for Republicans to have better solutions — better solutions on Obamacare, better solutions for getting our economy moving again, and I think that’s where the focus should be.” But he didn’t commit to votes on specific legislation.
Boehner added that GOP members have introduced 126 pieces of legislation aimed at fixing or repealing Obamacare.
Obamacare has been disastrous for jobs
, for businesses, and frankly, for the millions of people who have lost the insurance plans they liked
because of the law. Conservatives have always known the law would have these negative impacts, and worked to stop it before it was too late. Now, the Obama Administration is considering “an extension of the president’s decision to let people keep their insurance policies even if they are not compliant with” Obamacare.
Avalere Health CEO Dan Mendelson said Thursday that the administration may let policyholders keep that coverage for an additional three years, stressing that no decision has been made. Policymakers are waiting to see what rate hikes health insurers plan for the insurance exchanges that are key to the overhaul’s coverage expansions.
The Obama Administration’s latest argument for Obamacare is that some people don’t want to work, and Obamacare makes not working easier for those people.
This new spin comes conveniently in the wake of a Congressional Budget Office report demonstrating Obamacare will push about 2 million workers out of the labor market by 2017.
The liberals of the Obama Administration spun the new data as only they can. Politico Pro reports (sub. req’d):
Instead, the Obama administration says, the health care law will allow people to choose to work less.
Under Obamacare, “individuals will be empowered to make choices about their own lives and livelihoods, like retiring on time rather than working into their elderly years or choosing to spend more time with their families,” White House press secretary Jay Carney said in a statement.
“At the beginning of this year, we noted that as part of this new day in health care, Americans would no longer be trapped in a job just to provide coverage for their families, and would have the opportunity to pursue their dreams,” Carney said in the statement. For good measure, he added that “the Republican plan to repeal the ACA would strip those hardworking Americans of that opportunity.” (emphasis added)
This is perhaps the most ideologically revealing statement the Administration has made about Obamacare yet.
Sen. Jeanne Shaheen (D-NH)Heritage ActionScorecardSen. Jeanne ShaheenSenate Democrat Average9%
wouldn’t make clear whether she would vote for Obamacare again during a radio interview in New Hampshire Friday. She said
she was concerned about limited networks in New Hampshire under Obamacare and stated:
I think what I’m hoping to do… looking at legislation is to is see if we can get a look through the federal department of Health and Human Services about the adequacy of the networks that exist so that at least for people who are willing to pay more, that they have that option of going to their doctor and hospital no matter what their insurer does.