Obamacare really is the bureaucratic monstrosity that keeps on giving! This week the Cato Institute has released a new video that outlines a new, two-fold problem with Obamacare. Jonathan Adler explains that:
1. With federal exchanges, the federal government cannot offer tax credits and premium assistance to make health care plans offered in the exchanges affordable.
2. Consequently, if the federal government cannot offer tax credits, it doesn’t have a trigger to enforce the employer mandate–a requirement that larger employers provide health care coverage to their employees.
This is yet another reason why states should continue to refuse to implement the health care exchanges. But unfortunately, as previously reported, Arkansas has decided to move forward with an exchange. After all, who could say no to all that free money!