Amazes me to see the left calling this a good thing.
Via CNS News:
The subsidies that help low-income people buy expensive health insurance are a ‘disincentive for people to work,” Douglas Elmendorf, director of the Congressional Budget Office, told Congress on Wednesday.
“What the Affordable Care Act does, is to provide subsidies focused on lower- and lower-middle-income people to buy health insurance. And in order to encourage a sufficient number of people to buy an expensive product like health insurance, the subsidies are fairly large in dollar terms. Those subsidies are then withdrawn over time — withdrawn from people as their income rises.
“And by providing heavily subsidized health insurance to people with very low income, and then withdrawing those subsidies as income rises, the (Affordable Care) Act creates a disincentive for people to work, relative to what would have been the case in the absence of that Act,” Elmendorf told the House Budget Committee.
He added that the subsidies “make those lower-income people better off…but they do have less of an incentive to work.”