Saturday, March 11, 2017
The GOP’s ObamaCare replacement will boost jobs and cut taxes
NYPOST By Betsy McCaughey
-- Ignore the grandstanding on Capitol Hill and the noise coming from town-hall protests around the nation. The Republican bill to repeal and replace ObamaCare will boost your chances of getting a job and cut your tax bill, not to mention your insurance costs.
The repeal bill — called the American Health Care Act — also will stave off a tidal wave of future Medicaid spending that threatens to drown the states and Uncle Sam in red ink. Here’s how.
No more penalties. If you’re among the 8 million people getting whacked with a tax penalty for not enrolling in an overpriced ObamaCare plan, the repeal bill is good news. The federal government will no longer compel you to buy insurance.
The repeal bill also cancels penalties on employers. ObamaCare forced all but the smallest employers to provide a benefits package far costlier than what they had been offering prior to the reform. Employers then passed these costs onto workers, raising deductibles by 50 percent on about 155 million people.