The following blog entry was authored by AFP field coordinator Ross Connolly.
The implementation of ObamaCare in New Jersey is creating a climate of economic insecurity that significantly threatens the youth of our state.
President Obama continually defends his signature domestic legislation by citing that it will allow young people to stay on their parents insurance until they are 26 years of age. This sounds like a great deal the way the President says it. Who doesn’t want to have their parents continue to contribute towards healthcare while they can save their hard-earned money or invest it in other places?
However, there is a glaring issue with this proposition; if a significant portion of the generation benefitting from this aspect of the law is getting laid off, having their hours cut, or unable to find work at all, staying on their parents’ healthcare is the least of their worries.
The fact of the matter is that most entry-level college graduates and young workers have to begin at the bottom of the economic ladder at part-time positions. Upwards of 36% of recent college graduates are working part-time and underemployed positions because the current job market is so dismal.
Just one massively irresponsible portion of the ACA is that it considers a part-time worker someone who works less than 30 hours per-week, compared to nearly every business enterprise in the nation who considers part-time less than 40 hours per-week.
Now, many people say, “What’s the big deal it’s only 10 hours, that’s not a big difference.” Well in fact for the young people trying to get a foot in the door and pay off their college loans it is a crippling cut in hours. The average monthly student loan payment is around $250 for a graduate who owes $25,000, according to CNN. Cutting hours will lower the monthly income for post-grads and further indebt a massive part of the future generation since the interest on the loans will pile up when they cannot make payments.
This is all a result of ObamaCare. Many businesses across the nation are reducing hours to 29 or lower for part-time workers so they will not have the extra strain of having to pay upwards of $10,000 per worker healthcare plan or face the specter of having to pay the crippling employer mandate.
The very people who voted for the President and who this law is supposedly going to help are going to be hurt more than anyone else. The younger generation, my generation, needs to stand up and remove the blinders of Obama’s rhetoric and see what is happening around them. This law is going to kick my generation while we’re already down, and I can only hope it won’t be a knockout blow.
Click here to read more on how ObamaCare is sticking it to younger Americans!