White House: It’s a good thing that ObamaCare will drive 2.5 million Americans out of the workforce.
Less than 10 percent of doctor practices are ready for the transition to ICD-10 coding; the deadline to switch to is Oct. 1.
AOL chief cuts 401(k) benefits, blames ObamaCare.
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“Less than 10 percent of doctor practices are ready for the transition to ICD-10 coding; the deadline to switch to is Oct. 1.”
I don’t think anyone is ready for it and it’s going to be an unmitigated disaster.
Honestly, HOW are these people taken seriously?
Oh, but these people are voluntarily leaving the work force so it’s really OK.
They are going to “pursue their dreams.” Which is probably sitting on the couch watching the Price is Right while the taxpayers take care of everything.
If you were in the demographic of people who were encouraged to stay out of the workforce, you would probably take it seriously too. Welcome to the entitled generation.
The news that Obamacare will drive 2.5 million Americans out of workforce has been widely known. It is self-evidence that the post-capitalist method is not a right way to solve the problems.
No it is not, they have been spewing lots of encouragement regarding job growth, yet the policies that they pass encourage people to stay out of the workforce. Now they are just rolling with whatever new data appears.
It is funny how quick their responses turned to “its good people are not working to pursue their dreams.”
“I do not wish to be a kept citizen,
humbled and dulled by having the state look after me. ”
—Entrepreneur’s Credo of the American
The CBO originally estimated that 800,000 people would drop out of the labor market because they could get affordable health coverage without having to get it though a job. Many (if not most) of these are early retirees — that is, people who would like to retire before they are eligible for Medicare. Now that estimate has been increased by about three times.
Over at Slate.com, Matthew Yglesias think media reports on the CBO’s new estimate are disengenious. He opines… “Imagine Bill Gates decided to… give $1 million to every man, woman, and child… That wouldn’t be a particularly savvy use of his charitable dollars, but he could afford it if he wanted… What would happen next? Well, after a bunch of crazy celebrations… quite a lot of people would quit their jobs.”
The key phrase is “That wouldn’t be a particularly savvy use of [Bill gates’] charitable dollars…”
Indeed, policies that discourage work at taxpayers’ expense are not a very saavy use of taxpayers’ dollars either.
“While the number is up from 4.7 percent who indicated readiness last summer…”
Well that is progress, maybe by the time ICD-10 is implemented that number will be up to 20%.
“AOL said in its quarterly earnings that profits were hurt by $13.2 million in costs associated with layoffs”
Well today I learned that AOL still exists. However, I am not surprised to learn they are having financial woes,
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