CBO: Obamacare will cost 7 million workers healthcare coverage...
Submitted by emalvini on Tue, 02/05/2013 - 16:30CBO: 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...
- Login to post comments





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.
Surprise!
Obamacare has the opposite of its intended effect!
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....