A new report from a major U.S. union says ObamaCare will hasten income inequality.
Although it defends the intent behind the Affordable Care Act, the report, entitled “The Irony of ObamaCare: Making inequality worse,” concludes that the law will transfer a billion dollars in wealth to insurance companies, uneven the playing field in the market, force employers to cut back on hours and result in pay decreases, Ralston Reports said.
“The promise of Obamacare was the right one and the hope for extending healthcare coverage to the un-and under-insured a step in the right direction,” the report says. “Yet the unintended consequences will hit the average, hard-working American where it hurts: in the wallet.”
The document was put out by Unite Here, a hospitality industry union representing workers in the U.S. and Canada. The union of nearly 300,000 has been critical of the health law before.
The report says it’s “ironic” that the Obama administration is publicly discussing income inequality though it has yet to make the changes to ObamaCare that Unite Here believes are necessary to avoid exacerbating income disparity.
“Having already made efforts to accommodate businesses, churches and congressional staff, it is ironic that the administration is now highlighting issues of economic inequality without acting to preserve health plans that have been achieving the goals of the ACA for decades,” the report concludes. “Without a smart fix, the ACA will heighten the inequality that the Administration seeks to reduce … We cannot sit idly by as the politicians carve up our health plans while they carve out exceptions for themselves and every special interest feeding at the trough in Washington.”
The report comes about three weeks before the enrollment deadline for ObamaCare. While officials say 4 million have signed up for private insurance on the exchanges so far, the program is still short of its unofficial 7 million goal.