Economist Mulligan: Obamacare Full of Disincentives to Work

Tuesday, 24 Jun 2014 09:52 PM

By Sean Piccoli

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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.

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"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."

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