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Casey Mulligan: Obamacare Taxes Did Not Generate Revenue



Even in its dubious goal of increasing taxes, Obamacare fell short. Last week the White House released data showing that one of the major taxes in the 2010 Affordable Care Act (ACA) turned out to be a big lie.

When Congress was debating the ACA, the experts told us that consumers must be forced to buy health insurance or else they would sign up only when they were sick. Anyone who did not comply must be disciplined for the greater good, they said. The 111th Congress embraced this conclusion when it passed the ACA. The law included an "individual mandate" forcing everyone to buy health insurance and an "employer mandate" forcing employers

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Casey B. Mulligan is a professor of economics at the University of Chicago's Kenneth C. Griffin Department of Economics, and served as the chief economist of the White House Council of Economic Advisers in 2018–19. He is also the author of the recently released You're Hired! Untold Successes and Failures of a Populist President, which details conflicts between President Trump and special interests.


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CEA-20210112-ECONOMIC REPORT CARD FOR THE AFFORDABLE CARE.pdf





Posted: January 18, 2021 Monday 06:30 AM