Tags: Barack Obama | Exclusive Interviews | Healthcare Reform | MidPoint | obamacare | aca | lower

Doctor: Obamacare Locks People Into Lower Economic Status

Tuesday, 02 Sep 2014 03:06 PM

By Courtney Coren

The Congressional Budget Office (CBO) has released a report saying that Obamacare is expected to make a dent in the labor force, and board certified physician Elaina George says that it shows that the new healthcare law "actually locks people into lower socioeconomic status."

"In order to qualify for Obamacare you [can't be more than] 400 percent above the poverty line, which means it makes sense not to work," George told Ed Berliner on "MidPoint" on Newsmax TV Tuesday.

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"If you actually do get a subsidy, what they don't tell you, is if you do well the next year and you get a raise, you actually have to pay back the subsidy that you got the year before," she explained.

"It's essentially a tax and people have been promised things that were never going to be delivered," she added.

The CBO report released last Wednesday cited Obamacare as one of the factors expected to make a dent in the labor force, saying that "between 2007 and 2024" the labor force participation rate is expected to drop by 3.5 percentage points "and about one percentage point stems from the effects of the the Affordable Care Act and of the individual income tax on incentives to participate in the labor force." 

Specifically the nonpartisan CBO explains that "the Affordable Care Act will tend to reduce labor force participation, with the largest effect stemming from the subsidies that reduce the cost of purchasing health insurance through exchanges," adding that the subsidies "reduce the incentive for some people to work as much as they would without the subsidies."

Besides the effect on the labor force, George says that many Americans who have signed up for Obamacare "are not happy with what they have."

The Atlanta-area doctor explained that several of her patients who have purchased an Affordable Care Act health insurance policy "come into my office and they find that they're not covered or they can't afford to be treated."

She added that the new healthcare law is deceiving because "having health insurance does not equal having quality healthcare."

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