From the liberal Brookings Institution comes the latest shoe to drop on ObamaCare. Byron York explains in this column.
Obamacare will reduce, by an estimated 0.9 percent, the incomes of working-age Americans in the next-lowest income bracket, households making between about $21,000 and $40,000 a year. And in the next income group, households making between about $40,000 and $65,000 a year — Obamacare will reduce their income, too, also by 0.9 percent.
A 1 percent reduction in income is relatively small. But it is still a reduction — and not at all whatPresident Obama and Democrats in Congress promised. When the president pledged that Obamacare would make the health care system “better for everybody,” it’s doubtful Americans interpreted that as meaning it would reduce their income.
“The administration is playing with fire,” said former Congressional Budget Office director Douglas Holtz-Eakin. “They sold this as ‘only rich people pay, and everyone benefits,’ and now we’re finding out it’s not true.”
This entire piece is worth your time for it lays out the economic reality of ObamaCare and its day-to-day impact on Americans’ wallets.
Also worth your time is to follow JLF’s Katherine Restrepo. As health and human services analyst, she is on top of ObamaCare’s impacts and why we must change course and move to a consumer-driven model for health insurance/health care delivery.
