Tuesday, October 24, 2017

Work force

Obamacare promised to insure 31 million new people and the cost would go down $2,500 per family. For 2017 11 million people have signed up and 80% of those are getting free or subsidized coverage. People making more than $50,000 are paying the cost of health insurance for those making less than $50,000. This kind of income redistribution will work because there are large numbers of people in each group. Many of the people enrolled in Obamacare are adults without children, a group previously not covered by Medicaid. One of the mysteries facing our economy is the fact that 10 million males between the ages of 25 and 54 are not in the work force. If these men were working they would add a full percent to the GDP. They represent a major portion of those receiving free insurance under Obamacare. Is there a connection here? Does having free health care added to other government benefits allow some to stay out of the work force?

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