Early Retirees & Obamacare
U.S. Senator Amy Klobuchar (D–MN) claims that “early retirees” like Bill & Shelly Gall “can’t afford” an “extra $15K a year” for health insurance if the enhanced Obamacare subsidies expire.
IN FACT, the Galls collect government pensions of $127,000/year, have an IRA, and retired at the ages of 58 and 50. If the enhanced subsidies are renewed, they will also receive $15,000 of Obamacare welfare per year.
Obamacare created dynamics that:
- allow “some people to maintain the same standard of living while working less.”
- make work “less attractive” by providing benefits that decline with rising income.
- increase taxes and thus “induce some workers to supply less labor.”
- kicked millions of people off their health insurance plans even though Obama promised at least 39 times that everyone who liked their plan could keep it.
- raise the costs of insurance for people who take care of their health by forcing them to pay the same premiums as those who engage in unhealthy behaviors like drug abuse, male-on-male sex, and physical inactivity.
- raise the costs of insurance by forcing insurers to issue coverage to all applicants regardless of their preexisting conditions and charge them the same rates as people who have been paying premiums for years.
