From the New York Times…
The Health Care Laws’ Effect on the Labor Force
A Congressional Budget Office analysis predicts that the Affordable Care Act could reduce the work force.
The nonpartisan budget office’s analysis, part of a regular update to its budget projections, was far more complicated than the political debate generated. Congressional Republican leaders called the findings “devastating,” “terrible” and proof that the health care law was a job killer.
The report did say that the law would reduce hours worked and full-time employment, but not because of a crippling impact on private-sector job creation. With the expansion of insurance coverage, the budget office predicted, more people will choose not to work, and others will choose to work fewer hours than they might have otherwise to obtain employer-provided insurance. The cumulative reduction of hours is large: the equivalent of 2.5 million fewer full-time positions by 2024, the budget office said.