Over the weekend, the San Francisco Chronicle delivered a stunning message that discourages and demotivates American workers from earning more income and promotes greater government dependency.
It's all thanks to sloppy incentives created by the Affordable Healthcare Act.
The Chronicle reported that Karen Pollitz, a senior fellow at the Kaiser Family Foundation, said last week that workers in California should consider reducing their 2014 income and work hours in order to qualify for Obamacare subsidies.
"If they can adjust (their income), they should," said Pollitz. "It's not cheating, it's allowed."
This isn't going to end well...
Early Problems with Obamacare Are Bigger Than a Glitch
After more than three years, $400 million, and a steady stream of assurances from the Obama administration, the government's healthcare exchanges should have been ready to go.
But the problems with Obamacare, at first brushed off as the result of an overwhelming initial response, run much deeper than the Obama administration would like to admit.
"These are not glitches," an insurance executive who has taken part in many conference calls on Obamacare told The New York Times. "The extent of the problems is pretty enormous. At the end of our calls, people say, 'It's awful, just awful.'"
Here's why Obamacare is falling apart and what that means for you...
Obamacare Online Exchanges: 9 Real Life Experiences from Money Morning Readers
Considering taxpayers shelled out more than $500 million to build the Obamacare online exchanges, we'd like to know how they're actually operating, for good or for bad.
We know it's not all good...
For example, the federal government is operating an exchange for 36 states, and it's seen some of the worst complications. Part of the problem is volume: Within three days, a whopping 8.6 million people visited healthcare.gov.
We also know that Obamacare's success depends on having a large number of people enroll - especially the younger, healthier crowd. The Congressional Budget Office says Obamacare needs 7 million people to sign up at a minimum for it to stay afloat financially.
To read more click here...
5 New Obamacare Facts You Need to Know
Keeping you up to date on the latest Obamacare facts - Today (Tuesday) marks the beginning of the much-anticipated Obamacare open enrollment for the new marketplaces - which hasn't gone smoothly.
The federal government operates these marketplaces, or exchanges, across 36 states, and the Obama administration anticipates seven million people will apply for coverage across the six-month open-enrollment period.
The exchange rollout comes as a wash of just-released polls on Obamacare shows the public hasn't embraced our country's new healthcare law.
That's why U.S. President Barack Obama has ramped up speeches and interviews this week addressing Obamacare facts and issues, along with party leaders across the country.
And he has plenty to address...
An Obamacare Bailout: A Struggling City's Best New Budget Tool
Call it an "Obamacare Bailout" - while millions of Americans look for ways to opt out of Obamacare, broke Detroit is trying to get its residents signed up as soon as possible.
You see, Detroit has grossly over-pledged its benefits, pensions and fully-funded health care plans to thousands of public sector employees for decades, while its tax revenue dwindled.
Now Detroit - after filing for Chapter 9 bankruptcy July 18 - can't deliver on its pricey promises.
How Obamacare Will Affect Medicare
We've talked about how Obamacare will affect our regular health insurers and routine doctor visits, but how about how Obamacare will affect Medicare?
We've all known for a while that the future of Medicare, the program than provides health insurance to seniors, is in dire straits. What we're just finding out is that Obamacare is making it worse.
The White House's decision earlier this month to postpone part of U.S. President Barack Obama's signature healthcare reform (the employer mandate that will fine businesses that don't offer employees insurance) underscores how flawed the bill is and how unprepared we are for its full roll-out.
Is Obamacare Creating a Part-Time America?
America has become a part-time nation. The Bureau of Labor Statistics recently reported that in June part-time employees in the labor force reached an all-time high of 28 million, 3 million more than when the recession began in 2007.
The economy lost 240,000 full-time jobs in June and added 360,000 part-time jobs, the BLS noted. Of the 753,000 jobs created this year, 589,000 were part time.
The real unemployment rate in June, the U6, stood at 14.3%, up from 13.8%, a figure that includes part-time workers seeking full-time jobs and those who have become discouraged and are no longer looking for work.
Now many economists and many in the financial press with sympathies to the administration have attributed the rise in part-time America to uncertainty among employers about future profitability and growth and not to the looming Obamacare mandate.
It's ironic that in trying to play down Obamacare's influence on the job market, they end up dissing the president's stewardship of the economy.
However, Obamacare has likely played a significant role in the part-time job wave. Under the Affordable Care Act, companies with 50 or more full-time workers must provide health insurance to all full-time employees, those working 30 or more hours per week.
So if your workers don't work 30 hours per week you don't have to provide health insurance. It makes economic sense to have a part-time work force in many cases. Even with the administration's recent one-year extension of implementing the employer mandate until 2015, most small companies are still preparing to it.
A reported 74% of small businesses are positioning themselves to slash hours, layoff workers or both.
These Obamacare Facts Have Our Readers Rattled – Where Do You Stand?
For many of our readers, learning the real "Obamacare facts" that the president doesn't want us to know has been stressful enough to warrant a doctor visit - one that costs you more than it used to (almost like an Obamacare Catch-22...)
The scary thing is, we still have no idea what the full impact of the new healthcare law will be.
Indeed, back in March 2010, House Speaker Nancy Pelosi famously said we had to pass the bill to find out what's in it.
Three years later, even those in charge of implementing Obamacare don't know exactly what's in the law, and how it will, or won't, work.
What we do know so far: Just months until the bill takes fully kicks-in, scores of Americans believe the controversial healthcare reform is a travesty and destined to fall.