CBO Director: Obamacare ‘Creates a Disincentive for People to Work’

Testifying before the House Budget Committee yesterday, Congressional Budget Office director Douglas Elmendorf said of Obamacare, “[T]he act creates a disincentive for people to work.” He declared, “[B]y providing heavily subsidized health insurance to people with very low income and then withdrawing those subsidies as income rises, the act creates a disincentive for people to work—relative to what would have been the case in the absence of that act.”

Elmendorf, a Democrat, tried to claim that these people who would “have less of an incentive to work” would be “better off,” but Budget Committee chairman Paul Ryan was having none of it.