Friday, July 19, 2013

Obamacare may cause low-income People to seek Welfare

A new study suggests that nearly 1 million people could be moved from work to welfare by Obamacare. 
The study by professors from Columbia University, Northwestern University and the University of Chicago has found that the Affordable Care Act may cause a significant number of people to quit the jobs they use to get employer-sponsored health insurance in favor of federal subsidies and welfare. 
A large Medicaid expansion, state-based individual insurance exchanges and federal subsidies will “weaken the link between employment and health insurance,” an effect the authors lauded in a press release from Columbia University’s Mailman School of Public Health.
But the availability of taxpayer-funded insurance will likely lead to lower-income consumers opting out of work and into welfare and Obamacare exchanges, the study concludes. Researchers studied a case when Tennessee discontinued an expansion of its Medicaid system and 170,000 lost publicly-funded health insurance from the program — and went back to work. 
Under the ACA, the study projects that between 530,000 and 940,000 individuals would simply stop working to receive employer-based insurance in order to receive federally-funded health insurance.
Read the rest of the story HERE.

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1 comment:

Ohio JOE said...

That was the whole point of ObamaCare.