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Inconvenient Facts for Obamacare

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Inconvenient Facts for Obamacare

Economist Doug Holtz-Eakin, who heads the conservative American Action Forum and has been warning for years about the law’s ill-effects isn’t surprised. He e-mails, “The ACA is pervasive, anti-growth policy. As its detrimental impacts become apparent, I expect continued upward re-estimates of the harm in the  years to come.” And Hans Bader of the Competitive Enterprise Institute adds:

"Originally, the Congressional Budget Office had wrongly concluded that Obamacare would reduce the deficit. It reached that incorrect conclusion by allowing supporters of Obamacare to hide its costs through accounting gimmicks and dodges. But in 2010, after Obamacare passed, it began increasing its cost projections for Obamacare, and also admitted “that Obamacare includes work disincentives likely to shrink” the economy.

Obamacare contains massive marriage penalties that discriminate against married people, and huge work disincentives for some older workers. It has slashed hiring, cut economic growth, and induced employers to replace full-time workers with part-time employees, driving even unions that once backed it to seek its repeal or replacement. Obamacare’s medical device tax has caused layoffs by medical manufacturers."