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Health care law to reduce workforce



Published: Tue, February 4, 2014 @ 3:00 p.m.

Health care law to reduce workforce

WASHINGTON (AP) — Several million people will reduce their hours on the job or leave the workforce entirely because of incentives built into President Barack Obama’s health care overhaul, the Congressional Budget Office said today. That would mean job losses equal to 2.3 million full-time jobs by 2021, in large part because people would opt to keep their income low to stay eligible for federal health care subsidies or Medicaid, the agency said. It had estimated previously that the law would lead to 800,000 fewer jobs by that year.


Comments

1JoeFromHubbard(876 comments)posted 2 months, 2 weeks ago

Obama, the job creator?

>>estimated that the law would lead to 800,000 fewer jobs< <
No, revise that to read: job losses equal to 2.3 million full-time jobs by 2021.

Folks, this is another episode in the destruction of the American way of life by Obama's socialist policies.

It is only the beginning.

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2eivo(1455 comments)posted 2 months, 2 weeks ago

All we can hope is that the country somehow survives this Liar and we get someone else as President to straighten out the mess that thsi Liar has left.

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3Knightcap(608 comments)posted 2 months, 2 weeks ago

Has to be the worse president of all time. I can see his approval rating getting below 30% real quick. If it gets down to about 15% the only ones left that will still support are the racists who voted for him because he's almost black.

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4eivo(1455 comments)posted 2 months, 2 weeks ago

@Knightcap,
He will just blame it all on Fox News or Bush.

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5Repubs4theRich(123 comments)posted 2 months, 2 weeks ago

eivo, why aren't you all over knightcap for playing the race card? Give your percentage breakdown of racism.

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6Ytownnative(985 comments)posted 2 months, 2 weeks ago

Well make sure we re-elect Timmy Ryan he voted for it. Our elected officials are the ones that approved it

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776Ytown(1153 comments)posted 2 months, 2 weeks ago

The only one playing the race card is the POTUS himself. The lesson learned is to not vote for someone based on looks but rather who is the best person for the job based on experience and ability as well as who has this great nations best interest at heart. Hopey changey let's make up the rules as we go and if you don't like it phooey on you I'm going to do it anyway is running this country into the ground.

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8indycolt(4 comments)posted 2 months, 2 weeks ago

every democrat who voted for Obama care should have to live by their vote and switch his or her health care to Obama care. note I said democrat, this is because not 1 republican voted for Obama care the largest tax in the history of America. all you democrats have fun paying for this one, it don't apply to me.

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9DACOUNTRYBOY(144 comments)posted 2 months, 2 weeks ago

BY STEALTH OBAMA IS FREEING THE MASSES FROM THE DRUDGERIES OF EMPLOYMENT

The clueless one is rewarding his most ardent supporters.

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10JoeFromHubbard(876 comments)posted 2 months, 2 weeks ago

@ DACOUNTRYBOY:

I love that thought:

"freeing the masses from the drudgery of employment."

If Obama is good at one thing, this is it.

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11dontbeafool(786 comments)posted 2 months, 2 weeks ago

http://www.cnn.com/2014/02/05/opinion...

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12JoeFromHubbard(876 comments)posted 2 months, 2 weeks ago

@ dontbeafool:

>> The estimated reduction stems almost entirely from a net decline in the amount of labor that workers will choose to supply <<

When the supplied labor is reduced, the laborers will either sustain reduced standards of living -or- draw from the public dole hurting others.

There are no free lunches.

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1376Ytown(1153 comments)posted 2 months, 2 weeks ago

Here's how it will unfold:

1. Employers not able to provide health coverage to workers will reduce hours.
2. Workers will be left to purchase insurance on their own.
3. Workers will find that they can get more subsidies and handouts by not working and reducing their income than if they work a second job.
4. Raising the minimum wage will also create a disincentive to work when it means the loss of food stamps, Medicaid, subsidies and tax credits.

All this noise about helping the poor when what is actually happening is an attack on the middle class as it is being eroded from the bottom up.

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14Jerryl(103 comments)posted 2 months, 1 week ago

There are a least two members of my family that intend to reduce their work hours because they no longer have to work to have health care benefits.

Both are in their early 60s and have been ready to retire (labor intensive jobs), but have been working to get so that they can get healthcare benefits at group rates.

Assuming that the labor gap created by their voluntary reduction in hours will have to be filled by the employer, potentially the employer will have to hire (or expand the hours of an existing employee).

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1576Ytown(1153 comments)posted 2 months, 1 week ago

Jerry: I'm curious to know how many hours they'll reduce. I'm assuming their income will then be low enough to be eligible for subsidies to make up for the loss of employer sponsored benefits and lost wages.

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