Jennifer Rubin makes a thought provoking point: Obamacare is bad for work
1. Obamacare was sold as a means of promoting job mobility, delinking insurance from work. Now the White House says it is delinking workers from work. At the opening of the Budget Committee hearing this morning, Chairman Paul Ryan remarked that “what is particularly troubling is CBO’s projection of labor-force participation. CBO says that about half of this decline is attributable to the aging of the population—most notably the retirement of the baby-boom generation. But CBO also says that government policies, especially the President’s health-care law, are discouraging work. Washington is making this problem worse. This does not have to be our fate. We need to reverse this decline.â€
Remember, one of the big pushes was insurance portability, not having to lose your insurance if you switched jobs. Now, people aren’t going to be worried about working.
She also notes several other great points. Check then out.
The Federalist has a similar list which is based on the CBO’s report:
The points, which are fleshed out more at the site, are:
1) Obamacare Will Destroy 2.5 Million Jobs By 2024
2) In 2024, There Will Still Be 31 Million People In The U.S. Without Health Insurance
3) Surprise! Millions Of People Who Liked Their Health Plan Will Lose Their Health Plan
4) Obamacare Reduces The Incentive To Find And Keep A Job
5) Your Paycheck Will Be Smaller Thanks To Obamacare
The sad thing is that this was exactly what conservatives predicted. We knew this was coming and yet Obama, liberals and progressives decided to roll the dice on a plan that had no basis in reality.
Now the country – all of the country – is paying for their folly.
and
a very sad reality. When your enemy makes a better enemy than the alternative party, something’s wrong with the alternative party.
And then there is this:
Obamacare – the program that keeps on screwing people.
gitarcarver: 1) Obamacare Will Destroy 2.5 Million Jobs By 2024
That is incorrect. The CBO projects a supply-side decrease in workers, not a loss of available jobs.
Obamacare will not destroy jobs, or decrease “supply side” aspects of the job market, it will destroy the US.
Amen brother.
I’ll let the CBO report respond:
The reduction in CBO’s projections of hours worked represents a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024. Although CBO projects that total employment (and compensation) will increase over the coming decade, that increase will be smaller than it would have been in the absence of the ACA.
gitarcarver: The reduction in CBO’s projections of hours worked represents a decline in the number of full-time-equivalent workers of about 2.0 million in 2017
Yes, that’s supply side, not demand. The net result will be a decrease in unemployment.