The economics profession is famous for its balance as the joke goes, we always need more hands to express all the caveats to our conclusions. (“On the other hand … and on the other hand … and on the other hand…”) That is why arguments about last week’s report from the Congressional Budget Office have become…
mandates, letting prices float and the fastest growing entitlement in the country, the medicaid program. a repeal only provision takes us back to 2009 before the aca, which i think was the last straw in government intervention in health care. we have problems going back to hipaa, to world war ii, price controls which brought about this job lock and getting health insurance at work. we have tried to address all of those comprehensive reforms in the house bill. i would like to see the senate do that. don t take me back to world war ii. they re trying to deal with today in the senate right now. they re having a tough enough time with that. the president in response you know what? that s an important point. the reason people have a job lock is because they can only get insurance at work. you lose your job and all of a sudden you are in the individual market with a pre-existing condition and then the crisis. that came about because of world war ii price control. we have to adjust the
situation. a lot of our members through our feedback, we had seven member listening sessions in february. four conferences getting feedback from our members on this draft of this legislation. getting their ideas. and one of the concerns was, we should cap this credit. so like a millionaire that doesn t get health care from their work but is a millionaire doesn t get tax credit. that was something everyone agreed with. the ways and means committee made that adjustment. the reason it s set where it is, we don t want a job penalty. go back a few years ago and when cbo said obamacare produces job lock, obamacare says that the equivalent of 2 million to 3 million will not take jobs because of the way the obamacare subsidies work. what i mean is, if you set that credit limit too low and a person loses their credit by getting a raise or advancing in life, you don t want to disincentivize that. they are set at such a level
credit situation. a lot of our members through our feedback, we had seven member listin sessions in february, four conferences, getting feedback from our members on this draft of this legislation, getting their ideas, and one of the concerns was we should cap this credit. like a millionaire that doesn t get health care from their work but is a millionaire doesn t get a tax credit, so that was something everybody agreed with and the ways and means committee made that adjustment, but the reason it is set where it is, is we don t want to have a job penalty. go back a few years ago and when cbos said obamacare produces job lock, obamacare says that the equivalent of 2 to 3 million people will not go into the workforce and take jobs because of the way the obamacare subsidies work. what i mean is, if you set that credit limit too low and a person loses their credit by getting a raise or advancing in life, you don t want to disincentivize that. so they are set at such a level