But in our disappointment, let’s not forget that the subsidies are just one problematic element of many found in the 20,000-page law.
While Congress may not be able to undo the Court’s recent ruling, that doesn’t mean they can’t address another serious issue with the Affordable Care Act: the employer mandate that defines a full-time workweek as 30 hours.
The youth unemployment rate is currently 13.6%, meaning nearly one out of every seven people between the ages of 18 and 29 are out of work. Of those fortunate enough to be employed, many see their work hours cut.
The Affordable Care Act’s employer mandate requires businesses who employ 50 or more full-time workers to insure all of their employees. While this requirement may be well-intended, its long-term economic consequences will be devastating. As the mandate is set to take effect in 2016, many businesses are already choosing between limiting their staff or cutting individual work-hours.
It’s estimated that 2.6 million Americans making under $30,000 a year are at risk of having their hours or wages cut. Of those 2.6 million, 60 percent of those people are between the ages of 19 and 34.