Gary Bauer analyzes the impact of Obamacare.
ObamaCare = Redistribution Of Wealth
“…the most significant impact of the [ObamaCare] legislation will be through the labor market. We estimated that the legislation, on net, will reduce the amount of labor used in the economy…primarily by reducing the amount that people choose to work. …Some provisions of the legislation will discourage people from working more hours or entering the workforce… The 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.”
Douglas Elmendorf, director of the Congressional Budget Office, made an astonishing admission last week. Speaking before a healthcare conference, Elmendorf said the following:
According to Elmendorf, often referred to as “Congress’ accountant,” massive government subsidies for health insurance will cause many Americans either to work less or to stop working altogether. So they will be paying less in taxes and getting more in benefits. That is a recipe for fiscal disaster.
One Democrat governor recently had the courage to warn that ObamaCare creates perverse incentives for companies to drop their health insurance coverage and dump their employees into the “substantial expansion of Medicaid” that will become America’s version of nationalized medicine.
There is no doubt about it: ObamaCare is a major redistribution of wealth program. Obama is using healthcare “reform” to spread the wealth around, turning America into France. And just how is the European experiment in socialism going these days?"
Gary Bauer
Campaign for Working Families
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