Politico: Obamacare is anything but compassionate
The verdict is in, and it's not good: Obamacare is rippling through the U.S. economy with vast implications for American prosperity.
On Friday, we learned that the Obama economy has hit stall speed, with a paltry 113,000 jobs added in January. Two days earlier, we learned the president’s health care law is discouraging Americans from working, according to an analysis by the nonpartisan Congressional Budget Office. The report makes for bracing reading. The law will reduce the labor supply by the equivalent of 2.3 million full-time workers, the CBO says — up from an estimated 800,000 just three years ago. It gets worse. The CBO also concluded that the law’s “expanded Medicaid eligibility … will, on balance, reduce incentives to work.” Think about that: Obamacare is giving low-income Americans fewer reasons to work — to find and pursue the jobs that could transform their lives and the lives of those around them. The president talks a lot about tackling inequality. But his health care law is a recipe for increasing inequality, not decreasing it. To read entire article, click here. |
