Incredibly, the San Francisco Chronicle is advising readers to think about ways to lower their income in 2014 to “increase their odds” of qualifying for a government subsidy under Obamacare.
The opening paragraph of an article published Saturday reads:
“People whose 2014 income will be a little too high to get subsidized health insurance from Covered California next year should start thinking now about ways to lower it to increase their odds of getting the valuable tax subsidy.”
As explained by PJ Tatler, the article “points out there is a huge and abrupt ‘cliff’ in health care costs for many Americans: earn $1 more than the prescribed limit for being on the federal health-subsidy dole, and you’ll have to pay many thousands — even tens of thousands — of dollars more next year for health insurance than you would otherwise.”
Under Obamacare, if your income next year is between 138 and 400 percent of poverty level, you can purchase health insurance on a state-run exchange and receive a tax subsidy to offset all or part of your premium, according to the Chronicle.
If your income is less than that, you qualify for Medicaid, which is provided at no cost.
In providing readers with disincentives, the Chronicle begins by targeting older Americans: “For older people, getting below the 400 percent poverty limit could save many thousands of dollars per year.”
Other advice on how to game the system — legally, of course — is to lower your income by making “a tax-deductible contribution to an individual retirement account, 401(k) or other workplace plan for 2014.”
And, if all else fails, the Chronicle offered:
“You can also consider reducing your 2014 income by working just a bit less.”
“It is now a rational economic decision for the average American to earn less money,” PJ Tatler author “Zombie” wrote. “And to earn less you must work less, and when you work less, you contribute less to the common good.”
In effect, Obamacare is an expansion of the permanent welfare state.
It encourages the middle-class “to stop earning their own money, and instead live off the largesse of their neighbors,” Zombie added.
Which, in the end, is a recipe for disaster.