3 votes

CBO: Obamacare will cost 7 million workers healthcare coverage...

CBO: Obamacare will cost 7 million workers healthcare coverage...

By Stephen Dinan | The Washington Times | February 5, 2013 | 01:00PM

President Obama's health care law will push 7 million people out of their job-based insurance coverage — nearly twice the previous estimate, according to the latest estimates from the Congressional Budget Office released Tuesday.

CBO said that this year's tax cuts have changed the incentives for businesses and made it less attractive to pay for insurance, meaning fewer will decide to do so. Instead, they'll choose to pay a penalty to the government, totaling $13 billion in higher fees over the next decade.

But the non-partisan agency also expects fewer people to have to pay individual penalties to the IRS than it earlier projects, because of a better method for calculating incomes that found more people will be exempt

Read more: http://www.washingtontimes.com/blog/inside-politics/2013/feb...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

This won't stop the so-called 'liberals' from loving it and him.

People love to be right. I do. The more adamantly we adhere to a position the more we have invested in being right.

Michael Nystrom's picture

Surprise!

Obamacare has the opposite of its intended effect!

The only way to make sense out of change is to plunge into it, move with it, and join the dance. - Alan Watts

It's downright incredible how often the idea of

Unintended consequences rings true.

Though I guess it's hard to see what happens on the ground from atop a pyramid of slaves, especially when so myopic, two problems our ruling class has clearly suffered from for far too long.

I Am Fearful When Congress Is In Session...

President Obama and the corrupt US Congress has inflicted great suffering and wrong upon his own industrious people....