New York Times illustrates ObamaCare Cliff

As we’ve said over and over, it’s all about the incentives.

ZeroHedge has pointed out the welfare cliff, where government payments punish work and reward quitting your job or cutting your hours.

Now there’s an ObamaCare cliff: middle class families are screwed if they have to pay the full price of ObamaCare. The solution? Cut back on work.

Ginger Chapman and her husband, Doug, are sitting on the health care cliff.

Doug and Ginger Chapman with their son Charlie Galanes, 11. They are looking for new coverage after their plan was canceled.

The cheapest insurance plan they can find through the new federal marketplace in New Hampshire will cost their family of four about $1,000 a month, 12 percent of their annual income of around $100,000 and more than they have ever paid before.

Even more striking, for the Chapmans, is this fact: If they made just a few thousand dollars less a year — below $94,200 — their costs would be cut in half, because a family like theirs could qualify for federal subsidies.

Yeah, that’s a great economic incentive for America. Punish work, reward people for cutting their incomes.