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Thursday, June 28, 2012

Individual Mandate Upheld, Medicaid Expansion Curtailed

The Supreme Court decided to uphold the individual mandate, but cut back a bit on the expansion of Medicaid.

I imagine this will only drive people to attempt to work under the table more, or just not work, because the premiums are ridiculously high, so they can fall under the poverty threshold and get a pass on the premiums.  We can now pretty much say goodbye to any "recovery" there might have been (although I doubt there would have been much of one), both due to the loss of productivity from people avoiding the premiums, and due to the sheer staggering cost of the taxes involved.  There are all these hidden taxes, not just the premiums.

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