Tuesday, February 18, 2014

Affordable Care Act: Don't Believe the Snipe!

When the Congressional Budget Office came out with it's estimate that the Affordable Care Act would 'cost' 2.5 million jobs, you could here jeers and 'I told you so's' from the 'anti-Obamacare' crowd. 'Obamacare' is indeed a 'job-killer' said those who couldn't wait for empirical evidence of its failure. 

Of course that's not the case. As a matter of fact there is a difference between the 'cost' of a job and the 'benefit' of someone choosing not to work a particular job simply to have their (and/or their family's) health care covered. In fact according to the CBO there is even a positive impact to the economy: "If a firm chose not to offer insurance coverage under the ACA, some of its workers and their families might enroll in Medicaid or CHIP or be eligible to receive subsidies through the insurance exchanges; as a result, the cost of those programs would increase. At the same time, the reduction in that firm’s compensation to workers that was provided in the form of health benefits would generally be offset by an increase in the compensation it provided in the form of wages and salaries. Because health benefits are generally not taxed but wages and salaries are, that shift in the composition of compensation would raise federal revenues. In addition, the federal government would generally receive penalty payments from the employer and from any employees who ended up without health insurance."  To be sure according to Jason Furman, the president's new chairman of the White House Council of Economic Advisers, health care spending over all, grew  at a pace of 1.3 percent between 2010 and 2013, the lowest rate on record since 1965.                                                                                                                              
It's one of the reasons CitySquare is a huge supporter of the Affordable Care act and is going all out to make sure as many young people as possible in Dallas are signed up for it. That's why on March 1, from 10am -5 pm at our headquarters at 511 Akard, we along with The Young Invincibles, TexasPirge and Get Covered America will host "Rock Enroll", designed to enroll Dallas in the ACA.

Don't believe the 'snipe' come on out and get covered Dallas...

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