What's The Incentive?

When Jan 1 rolls around I will be unemployed, but with the year ending project bonus and goodbye pay I'll be collecting until the end of February. I'll be 59 in January. I have enough money put back and invested that we can live about 3 years without touching the IRAs or changing our life style. If we down size our home, like we plan, it'll last longer.

My plan is to work at least another 10 years before retiring. That way the Boss will have medical coverage. She's younger than I am so I need to work long enough for her to be eligible for medicare.

If a medical bill is passed like Morris describes, I'll have little or no reason to maintain full time employment. At that time I'd be working primarily for medical coverage (Boss). The more I work, the more I make, the more the law will require for medical. So why would I want a full time job? What's the incentive?

Like all entitlement programs, the result is to demotivate the populace and screw the future.

If your household income is $66,000 a year . . . . Obama’s health care bill will require you to spend 12 percent of your income — about $8,000 a year or almost $700 a month — to buy health insurance before you get any federal subsidy.

Families scraping by on only $44,000 a year will have to pay 7 percent of their income (about $3,000) on insurance.

. . . those who are living at the federal poverty level of $22,000 will have to shell out 2 percent of their totally inadequate incomes ($440) for insurance.

Even those making just $33,000 will have to ante up 4.5 percent of their income (about $1500) for health insurance.