CBO: Workers to Trim Own Hours Under ObamaCare
Analysts figure it's the equivalent of 2M full-time jobs
By John Johnson, Newser Staff
Posted Feb 4, 2014 6:00 PM CST
The HealthCare.gov website.   (AP Photo/Jon Elswick, File)

(Newser) – ObamaCare returned to the headlines today, with a Congressional Budget Office report predicting that the law would reduce the number of hours worked by Americans over the next several years a lot more than expected, reports the Hill. Figure the equivalent of 2.3 million full-time positions by 2021, says the nonpartisan CBO, up from its previous estimate of 800,000. The CBO isn't suggesting that employers are going to fire people because of the new law. Rather, most of that reduction "would come from people choosing not to work or working less in order to keep their incomes low enough to continue to get subsidies toward buying coverage," explains the Wall Street Journal.

Seem nuanced? Consider this correction from the Washington Post: "The headline of an earlier version of this story incorrectly stated the CBO study estimated that health law will result in 2 million fewer jobs. The CBO says the health law will lead to 2 million fewer workers. The headline has been corrected." The report set off a wave of Republican criticism that essentially depicted the law as a job-killer, reports the New York Times. It "confirms what we have been saying all along—that the president’s health law is bad medicine for jobs and the economy,” said Michigan's Fred Upton. But the White House shot back that the CBO is talking about employees deciding on their own to cut back on hours, not being fired or laid off. The law means people "will be empowered to make choices about their own lives and livelihoods," said White House Press Secretary Jay Carney.

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Showing 3 of 118 comments
ProbolyKnot
Feb 5, 2014 10:08 PM CST
Funny how quickly people forget how it was Boehner and Cantor and Ryan and many other republican legislators signing debt ceiling increases for GWB like crazy teenagers with a found credit card. Republicans are NOT fiscal conservatives. The only time they complain about spending is when they're not deciding the spending. They don't like it when democrats spend it on improving the nation, they want to spend it on insane invasions of countries like Iraq making oil barons rich beyond their wildest dreams and making the middle class more poor than their worst nightmares. Voting republicans back into legislative power is insane.
Lou Bernardo
Feb 5, 2014 9:31 PM CST
Stop complaining, the failure Obama was elected twice by ignorant people mostly voting for skin color. Ignorance has it price.
BarackMustGo
Feb 5, 2014 7:47 PM CST
This B/S story is a campaign diversion. Obama, the Democrats and MSM will soon be claiming all those full time jobs, now cut to part time, in direct response to the anticipation, implementation of Obamacare are really because American workers have chosen to work less, not they've been cut back by their employers. The lies are coming so 'fast & furious' from this racist, moron Obama's regime he should have his own late night comedy show to highlight the ridiculousness that is his (so called) life. He is a greasy, sleezy little black rat, caught in a trap of his own doing, gnawing his own foot, plus the foot of each and every Democrat in Washington, in a futile attempt to break free. All he has accomplished is he/they are now three legged rats drowning in Nan (we've gotta pass it, to know what's in it) Pelosi's dismal swamp. Enjoy him/them while you can lib-eraces, for they are not long for this political world. Fade to black......