Patient Power

Obama Care: higher taxes & premiums, poverty trap for low-wage workers

A new study from Cato about the House and Senate health care bills

House and Senate Democrats have produced health care legislation whose mandates, subsidies, tax penalties, and health insurance regulations would penalize work and reward Americans who refuse to purchase health insurance. As a result, the legislation could trap many Americans in low-wage jobs and cause even higher health-insurance premiums, government spending, and taxes than are envisioned in the legislation.

Check out this graph from Michael Cannon’s article in Kaiser Health News:

Read the whole study: Obama’s Prescription for Low-Wage Workers: High Implicit Taxes, Higher Premiums.

• Obama’s health care proposal: death spiral, huge implicit tax rates, mandatory insurance
• Senate health-care bill: insurance premiums soar like a Tiger Woods drive
• Baucus plan would increase insurance premiums
• Democrats & AARP exploit young adults
• Health care “reform” bill is immoral & won’t work