WSJ Chief Economist: 75% of Obamacare Costs Will Fall on Backs of Those Making $120K or Less

Stephen Moore, Senior Economics Writer with the Wall Street Journal, told FOX and Friends this morning that nearly 75% of Obamacare costs will fall on the backs of those Americans making less than $120,000 a year.

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[ugod987]

Do not watch Fox News. This guy works for insurance companies.

[1x93cm]

because they use emergency rooms which are paid for by taxpayers

[BosPercussion]

Good observation about youth - but that's why we're trying to change it now for people more than 10 years out. Keep the ones who have relied on this. I doubt elderly will go hungry - between home tax exemptions and charitable giving (which would increase wtih less taxes), I think they will be fine. It's interesting that the homeless can always find more than they could possibly eat through charitable organizations.

[Mark Akins]

how can health care be both made free and have higher premiums.

[palmisano]

How is someone who doesn't pay for health insurance a 'free loader'?

The economist is correct. If supply (hospitals, doctors, etc) is fixed, and the product (health care) is made 'free' with Obamacare, then demand goes up. On the supply-demand curve this results in higher insurance premiums.