3 years ago
joebiden
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Obamacare=Job Loss
A new anal­y­sis from the Con­gres­sion­al Budget Of­fice says that the Af­ford­able Care Act will re­sult in more than 2 mil­lion few­er full-time work­ers in the next sev­eral years, pro­vid­ing Re­pub­li­can op­po­nents of the law a pow­er­ful po­lit­i­cal weapon lead­ing up to this year’s midterm elec­tions. The law is al­so ex­pect­ed to have a sig­nif­i­cant ef­fect on hours worked, the non­par­ti­san budget of­fice said in a reg­u­lar up­date to its budget pro­jec­tions re­leased Tues­day. With the ex­pan­sion of in­sur­ance cov­er­age, more work­ers will choose not to work and oth­ers will choose to work few­er hours than they might have oth­er­wise, it said. The de­cline in hours worked will trans­late in­to a loss of the equiv­a­lent of 2.5 mil­lion full-time po­si­tions by 2024, the budget of­fice said.
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