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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.


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