Wednesday, February 5, 2014

Conservative Seize On Report To Argue Obamacare Is A Job Killer — But The Author Says They’re Wrong

www.thinkprogress.org/health/2014/02/05/3252421/elmendorf-debunk-obamacare-job-killer/
"In fact, the CBO report explicitly states that the estimated reduction in labor “stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses’ demand for labor” and that “there is no compelling evidence that part-time employment has increased as a result of ACA.” Those notions are further supported by economic data on full- and part-time employment trends over the last several years. Simply put, the report finds that Obamacare will reduce the number of people who are forced to work a job merely for the sake of health insurance.
Elmendorf also noted that the ACA is actually expected to boost the economy in the near-term by making health insurance and medical care affordable for the poorest Americans, giving them the freedom to spend money in other areas of the economy. “On balance, CBO estimates that the ACA will boost overall demand for goods and services over the next few years,” states the report."