(Reuters) - President Barack Obama's healthcare law will reduce American workforce participation by the equivalent of 2 million full-time jobs in 2017, the Congressional Budget Office said on Tuesday, prompting Republicans to paint the law as bad medicine for the U.S. economy.
In its latest U.S. fiscal outlook, the nonpartisan CBO said the health law would lead some workers, particularly those with lower incomes, to limit their hours to avoid losing federal subsidies that Obamacare provides to help pay for health insurance and other healthcare costs.
The biggest impact would begin in 2017, CBO said, because major provisions of the law will be well under way by then. The CBO said there would be smaller declines in work hours that would occur before then.
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5 comments:
SAY WHAT....glads I's on Welfare YO and Food Stamps...
Tell the real story. ACA is not "cut[ting]" hours, people are estimated to choose not to work as many hours.
Oh boy ... we don't ever have to work again. What a life ... lets go watch TV
someone please make it stop. someday when this monster is out of office this horrible thing he created will be hunted down and exterminated.
yea we wouldn't want to blame employers for cutting house, so we will blame employees.
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