Saturday, July 20, 2013

ObamaCare Encourages Companies To Drop Health Benefits; Taxpayers Get Stuck With the Bill

There is an unambiguous incentive now for employers to stop providing health insurance, prepare to pay the penalty, and send their employees to the exchanges instead where they can get much-more-heavily subsidized coverage.
The ones who are harmed, of course, are taxpayers who will be paying hundreds of billions of dollars more to provide health insurance coverage for people who previously were getting it through their employers.
Income verification is one of the most complex parts of ObamaCare implementation that requires cross-checking information on each application with seven different government agencies.

Read the full article at The Galen Institute.