An exchange Wednesday in Washington distilled the cancer of Obamacare into just a few sentences.
Testifying before the House Budget Committee, Congressional Budget Office Director Douglas Elmendorf said the law’s subsidized approach to health care basically means at the low end of the income scale, you have no reason to find a job.
In fact, you have reasons not to work for a living.
“By providing heavily subsidized health insurance to people with very low income and then lowering those subsidies as their income goes up, the act created a disincentive for people to work relative to what would have been the case in absence of the act,” Elmendorf said, maintaining such people are “better off.”
Committee Chairman Paul Ryan, R-Wis., was troubled.
“Better off in inducing a person not to work who’s on the low-income scale, not to get on the ladder of life, to begin working, getting the dignity of work, getting more opportunities, rise in their income, join the middle class,” he said.
“This means fewer people will do that. That’s why I’m troubled by this.”
Check out the video here.
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