Tags: healthcare | law | economy | obama

Obamacare Supporter: It’s Onerous for Working Class

Wednesday, 31 Oct 2012 03:00 PM

By Newsmax Wires

President Barack Obama’s healthcare reform creates a financial burden for the working class, says David Gamage, who worked on implementation of the law’s tax provisions at the Treasury Department and considers himself an Obamacare supporter.

“Without further reforms, the law will create unnecessary costs for working-class Americans,” the University of California at Berkeley law professor writes in The Wall Street Journal.

“Consider a low-income American supporting a family of four deciding whether to take a part-time job that pays $36,000 a year or a full-time job that pays $42,000 a year. According to my research, accepting the higher-paying job could result in the family losing over $10,000 a year in health-care subsidies.”

The law also may encourage companies to switch low-income workers to part-time positions, Gamage says. That way businesses don’t have to offer these workers health insurance and can avoid the $3,000-a-year penalties under Obamacare for businesses that don’t offer their workers insurance.

“Without further reforms, many employers and employees will jointly benefit if employers make low-income employees part-timers rather than offering them health insurance,” he writes. “The losers will be taxpayers, who will need to fund the subsidies that these employees will be eligible for.”

Obamacare has plenty of flaws, Gamage says. But both parties agree there is a pressing need for reform. “If Republicans and Democrats will work together, they can build a system better than either Obamacare or what we had before,” he states. “Partisan warfare should not stand in the way of improving health care for all Americans.”


© 2015 Newsmax. All rights reserved.

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.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Rap Mogul Suge Knight Investigated in Deadly Hit-and-Run

Friday, 30 Jan 2015 06:41 AM

Death Row Records founder Marion Suge Knight turned himself into authorities early Friday after his attorney said the  . . .

'Ebola Czar' Ron Klain Will Leave Job Feb. 15

Thursday, 29 Jan 2015 22:32 PM

The Obama administration's "Ebola czar" will leave his post on Feb. 15, although he said there is still work to do at er . . .

Texas Executes Killer Who Claimed Mental Impairment

Thursday, 29 Jan 2015 21:41 PM

The state of Texas on Thursday executed a convicted rapist-killer whose lawyers argued was severely mentally impaired, h . . .

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