Friday, September 29, 2017

Obamacare fouls the labor markets

MOUNTAIN VIEW, Calif.--Sep. 26, 2017-- According to a study released today by eHealth, Inc.(NASDAQ:EHTH), which operates eHealth.com, the average family of three earning slightly too much to qualify for subsidies in 2018 would need to increase its household income by nearly $29,000 before health insurance became “affordable” based on Obamacare criteria.The Affordable Care Act (ACA or Obamacare) considers health insurance to be “unaffordable” when annual premiums for the lowest-priced plan in a market cost more than 8.16% of a household’s modified adjusted gross income (or MAGI). When health insurance is unaffordable by this standard, individuals.

The labor 'brackets' will adjust to cover the Obamacare tax,   But the effort is self defeating, it causes the market to favor subsidized workers shrinking the pool of subsidizers, and managers move the yet brackets again. Spiralling losses for the insurance companies that cannot keep up.  Hence, insurance loss coverage by Congress will jump, unexpectedly, by a quarter of a point of GDP.

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