Economist Mulligan: Obamacare Full of Disincentives to Work

Tuesday, 24 Jun 2014 09:52 PM

By Sean Piccoli

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
The economics professor who discovered that Obamacare would encourage some people to quit working told Newsmax TV on Tuesday that the national healthcare overhaul contains any number of costly disincentives for employees and employers alike.

Casey Mulligan of the University of Chicago walked "MidPoint" host Ed Berliner through some of the fine print of the Affordable Care Act, including the "artificial break points" in taxable income and the number of employees that can suddenly inflate health insurance costs for workers and companies.

Story continues below video.



"People are going to be rearranging their affairs, wasting time, wasting energy, wasting productivity to try to get out of some of those strange situations," said Mulligan, author of "The Redistribution Recession."

Mulligan, dubbed "the economist who exposed Obamacare" by the Wall Street Journal, also talked about how his own work helped to persuade the Congressional Budget Office that Obamacare would reduce participation in the labor force.

While the CBO "listened very carefully" to his presentation, he said, "most people in the town [of Washington, D.C.], they like the Affordable Care Act, they view it as a political victory, and they don't want to hear bad things about it."

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Rep. Erik Paulsen: Obamacare About to Hit Every American

Friday, 19 Dec 2014 18:41 PM

Minnesota Rep. Erik Paulsen says that every American is about to feel the effects of Obamacare when tax season hits in 2 . . .

FALN Victim's Son: Return 2 Cop Killers Living in Cuba to US

Friday, 19 Dec 2014 17:45 PM

Two cop killers brazenly living in Cuba must be returned to the United States now that new diplomatic relations have bee . . .

Gordon Chang: NKorea Didn't Act Alone in Cyberattack

Friday, 19 Dec 2014 16:58 PM

North Korea did not act alone in its devastating cyberattack on Sony Pictures, as President Barack Obama asserted on Fri . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved