Job consequences of ACA The House Republican leadership put forth the argument in favor of repeal that this is a job-killing law, period.[416] They contended that the ACA would lead to a loss of 650,000 jobs, attributing the figure to a report by the Congressional Budget Office.[416] However, FactCheck noted that the 650,000 figure was not included in the CBO report referred to, saying that the Republican statement badly misrepresents what the Congressional Budget Office has said about the law. In fact, CBO is among those saying the effect [on employment] will probably be small.[416] PolitiFact also rated the Republican statement as False.[417] Jonathan Cohn, citing the projections of the CBO, summarized that the primary employment effect of the ACA is to alleviate job lock: People who are only working because they desperately need employer-sponsored health insurance will no longer do so.[418] He concluded that the reforms only significant employment impact was a reduction in the labor force, primarily because people holding onto jobs just to keep insurance could finally retire because they have health insurance outside of their jobs.[419]
Posted on: Mon, 07 Apr 2014 16:13:15 +0000
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