Post by Smilin' Jack on Sept 30, 2013 9:53:13 GMT -5
I've been a voice from the wilderness, literally, on how this would not end well.
Once the current system with all of its warts slips from your fingers, you'll not ever get it back again.
This new convoluted monstrosity however will itself promptly collapse into the single-payer government-run scheme that it was designed to achieve from the start.
And of course as promised, the fundamental transformation of America.
Wall Street Journal - Will Obamacare hurt job creation and marriage?
Once the current system with all of its warts slips from your fingers, you'll not ever get it back again.
This new convoluted monstrosity however will itself promptly collapse into the single-payer government-run scheme that it was designed to achieve from the start.
And of course as promised, the fundamental transformation of America.
Families without employer-provided insurance who do not qualify for a subsidy will be worse off because they will have to buy insurance with after-tax dollars on the exchange. So to pay for a $20,000 family policy — the Internal Revenue Service's estimate of the cost of a health insurance plan on the exchange in 2016 — a person in the 50% federal and state tax bracket would have to earn an extra $40,000 in pre-tax dollars (because half would be paid in tax). A taxpayer in the 33% tax bracket would have use $30,000 in pre-tax dollars to buy a $20,000 policy.
That would be a substantial change from today, both in the price of the insurance and in its tax treatment. In order to retain higher-paid employees, firms are going to have to offer health insurance as a benefit.
The structure of the Affordable Care Act will increase the already widening gap between the rich and the poor. More divorces and fewer marriages at the lower end of the income scale result in more households headed by singles. Children in these families often have fewer advantages and lower educational performance, making it harder for them to get a well-paying job when they grow up.
There will be many glitches when the state exchanges open for business on Oct. 1. But the effects of the Act on job creation and marriage — two of the stepping stones to the American dream — are even more damaging.
That would be a substantial change from today, both in the price of the insurance and in its tax treatment. In order to retain higher-paid employees, firms are going to have to offer health insurance as a benefit.
The structure of the Affordable Care Act will increase the already widening gap between the rich and the poor. More divorces and fewer marriages at the lower end of the income scale result in more households headed by singles. Children in these families often have fewer advantages and lower educational performance, making it harder for them to get a well-paying job when they grow up.
There will be many glitches when the state exchanges open for business on Oct. 1. But the effects of the Act on job creation and marriage — two of the stepping stones to the American dream — are even more damaging.
Wall Street Journal - Will Obamacare hurt job creation and marriage?