Skip to comments.CBO: health care law (Obamacare) will reduce jobs by 2 million
Posted on 02/04/2014 9:09:41 AM PST by Red in Blue PA
The Affordable Care Act will reduce the number of full-time workers by more than two million in coming years, congressional budget analysts said Tuesday in the most detailed analysis of the laws impact on jobs.
(Excerpt) Read more at m.washingtonpost.com ...
As far as I can tell “The Affordable Care Act” is anything BUT affordable ...
The Congressional Budget Office is perhaps the only honest agency left in government. I am truly amazed that it hasn’t been corrupted or shut down.
ONLY two million? I think they’re low-ballin’ it!
ONLY two million? I think they’re low-ballin’ it!
And that equates to 2 million more not contributing only sucking an economy already headed down. Nah, this won’t exacerbate that!
The Affordable Care Act will reduce the number of full-time workers by more than two million in coming years....
Yet the number of part-timers may increase. And when the Obama-bots look at the big picture, they can claim unemployment is down, see?
It looks like the only way for ObamaCare to succeed is to get rid of the full timers (and their group insurance benefits) and have a nation of part time WalMart employees who must have ObamaCare, or else.
Calling unaffordable Obamacare affordable is ludicrous. There are more people without insurance now than when Obamacare began, and as it begins to affect smaller businesses, that number will go up. It isn’t a matter of choice when people can’t afford it. If the GOP would stop being sidetracked by unimportant issues, like the legal status of illegals, there is a gold mine of votes to be extracted out of fed up Americans.
I don’t know why you would think that. The CBO gave fantasy cost numbers for Obamacare that said it would reduce government spending. Everyone knew that their figures were bunk, but Obama used their bogus cost numbers as one of his main arguments for passing the law. The tax impact of 2 million lost jobs never figured into the CBO;s initial cost estimates and now seem like political cover for that organization as the true cost of Obamacare begins to emerge. Like the Bureau of Labor Statistics bogus numbers on unemployment, the CBO’s Obamacare cost numbers seem entirely political.
Gotta love how they do not call it obamacare.
I prefer Democratcare now. Every single one of those goose stepping Dems needs to own this. Every job loss. Every cancer patient losing their insurance. All of it.
“As far as I can tell The Affordable Care Act is anything BUT affordable ...” ACA is aka the Unaffordable Care Act.
My wife and I are both retired citizens. One of the things we do is to try and avoid traffic jams and crowds when we go out for lunch and to do our errands.
So, when we go out to lunch it is usually after the so called lunch hour, 12:45 pm to 1 pm.
Since the first of the year, we have noticed two interesting trends:
1. Even less people than normal in the good restaurants and better so called fast food places for lunch. Finding a parking place rarely occurs now.
2. Often, there is a what appears to be a mini rush hour re traffic from 1:30 pm to 2:30 pm, like we used to have after 3:30 pm and then 5 pm plus or minus a half hour. The drivers don’t appear to be going shopping or after school kids. Usually just a driver and no passengers, lining up at the traffic lights.
My wife knows many friends and others, who have had their work day hours cut to 4 to 6 hours per day. Even Walmart and other chains are cutting the daily hours for their employees since the first of the year.
A younger relative couple living in an East Bay county are seeing similar traffic patterns re a new mini rush hours. The husband is getting home about 15 to 25 minutes early. He said the end of the work day traffic is a lot lighter, and the going to work traffic is about the same. The wife usually does her shopping and errands from 2 to 3:30 pm before picking up their kids at school. She said that the traffic loads during that time are similar to past years’s after 3:30 pm.
Business Insider on Yahoo Finance!
CBO: Obamacare Will Lead To 2 Million Fewer Workers In The Labor Force By 2017
The Congressional Budget Office on Tuesday said that the Affordable Care Act will contribute to the equivalent of 2 million workers out of the labor market by 2017, as employees work fewer hours or decide to drop out of the labor force entirely.
The CBO revised much of its outlook on the Affordable Care Act in a new report released Tuesday.
It really needs be called “DemocratCare” opposed to “Obamacare” as calling it “Obamacare” puts it on him, NOT the party that is behind it.
The Democrat Party with their agenda hides behind figureheads leaving them to take the blame, or the awards so they can dodge the blame, but revel in the awards if successful.
2 million jobs lost ? hell, when they drop out of the work force, we’ll be at full employment
The reduction in employment from the health care law includes some people choosing not to work at all and other people choosing to work fewer hours than they would have in the absence of the law, the CBO said.
The CBO is saying this because they don’t like having a black President.
This turd of a law passed in 2010 and CBO just figured out that this law is a turd.
The report is inaccurate by understatement. More than 2,000,000 jobs will be lost.
The creation of JOBS creates the need for MORE jobs, as the increased demand created by the initial employment causes the need for more employment.
By 2017? It’s already cost more then 2 million people their jobs.