Obama knowingly Lied about health care

LaborMktsHCRAAF5-27-10.pdf (application/pdf Object)


Think You Can Keep Your Insurance? Former CBO Director Says Don't Count on It. A recent study by former Congressional Budget Office (CBO) Director Douglas Holtz-Eakin reveals that ObamaCare's complex system of subsidies, penalties and regulations could result in employers dropping as many as 35 million workers from employer-provided health plans. In addition, Holtz-Eakin found that ObamaCare increases the taxpayer cost of health subsidies to $1.4 trillion.


The Patient Protection and Affordable Care Act (PPAC) will have profound implications for U.S.
labor markets. The PPAC is fiscally dangerous, raising the risk of higher labor (and other) taxes at a
time when the job market is struggling. It provides strong incentives for employers – with the agreement
of their employees – to drop employer-sponsored health insurance for as many as 35 million Americans,
perhaps leading to widespread turmoil in labor compensation and employee insurance coverage – and
raising the gross taxpayer cost of the subsidies to roughly $1.4 trillion in the first 10 years. Finally, the
bill exacerbates the already-high effective marginal tax rates on low-income workers. Every worker
forced onto the subsidized exchanges will face higher barriers to upward mobility and the pursuit of the
American Dream.