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

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Published on Jun 30, 2012

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.

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  • 1x93cm

    because they use emergency rooms which are paid for by taxpayers

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    in reply to palmisano (Show the comment)
  • 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.

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    in reply to bronzenrule (Show the comment)
  • Mark Akins

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

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    in reply to palmisano (Show the comment)
  • 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.

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