900,000 Reasons Obamacare Is Bad: Moving Americans from Work to Welfare
Newscom
A new study from the National Bureau of Economic Research by professors from Columbia University, Northwestern University, and the University of Chicago argues that, as a result of Obamacare, between half a million and 900,000 Americans may leave the workforce and receive welfare. The bill grants free or heavily subsidized public health insurance to hundreds of thousands of working Americans who are not currently eligible.
Americans who currently remain employed in order to receive health insurance may decide to leave the workforce when insurance is provided to them by Obamacare. According to the report, this would cause a decline in the aggregate employment rate of 0.3–0.6 percentage points, posing significant harm to a still-recovering economy.
This growth in the welfare state would represent just another step the Administration has taken toward encouraging dependence. As Heritage experts Robert Rector and Katherine Bradley note, “Government should encourage constructive behaviors leading to self-reliance and prosperity rather than rewarding counterproductive behaviors leading to costly dependence and poverty.”
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Bernie Marcus, Home Depot Co-Founder: Obamacare Will 'Kill Off Small Business' (VIDEO)
Rather than serve as a cure-all for a broken health care system, Obamacare will be a harbinger of death, says Home Depot co-founder Bernie Marcus. The death of main street, that is.
Rising costs from providing expanded health care coverage under the Affordable Care Act will be too much to bear for mom and pop operations, Marcus told Newsmax TV Thursday at a summit for Job Creators Alliance, a group he established after retiring from and severing ties with Home Depot in 2002.
“Obamacare is going to kill off small business,” Marcus said, while simultanesouly criticizing other forms of government regulation, such as Dodd-Frank and the Environmental Protection Agency. Such programs, he argues, only stand in the way of small business growth.
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