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BFT3K · 02-05-2014, 10:10 AM

Affordable Care Act critics were quick to pick up on a statistic in the new report finding that the health law will cause a reduction in the labor force that amounts to a decline of about two million full-time jobs by 2017. But anything more than a cursory look at the report shows that this is actually a benefit of the ACA.

In fact, the CBO researchers explicitly state that, “[t]he 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.” That means Americans won’t necessarily be losing their jobs or being shut out of the job market because of Obamacare. Rather, the health law will give millions of people — particularly elderly Americans who haven’t reached the Medicare eligibility age — affordable options for health coverage without shackling them to a job they may not want.

The report goes on to say that “there is no compelling evidence that part-time employment has increased as a result of ACA.” The economic data from the last several years supports that notion.

02-05-2014, 10:10 AM
BFT3K Too lazy to set a custom title Industry Role: Join Date: Dec 2005 Location: Narnia Posts: 10,764	Affordable Care Act critics were quick to pick up on a statistic in the new report finding that the health law will cause a reduction in the labor force that amounts to a decline of about two million full-time jobs by 2017. But anything more than a cursory look at the report shows that this is actually a benefit of the ACA. In fact, the CBO researchers explicitly state that, “[t]he 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.” That means Americans won’t necessarily be losing their jobs or being shut out of the job market because of Obamacare. Rather, the health law will give millions of people — particularly elderly Americans who haven’t reached the Medicare eligibility age — affordable options for health coverage without shackling them to a job they may not want. The report goes on to say that “there is no compelling evidence that part-time employment has increased as a result of ACA.” The economic data from the last several years supports that notion.