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Washington Post: "FACT CHECK: Anti-Obamacare chorus is off key"
http://www.washingtonpost.com/politics/federal_government/fact-check-anti-obamacare-chorus-is-off-key/2014/02/05/a39d1632-8ed0-11e3-878e-d76656564a01_story.htmlTHE FACTS: No one knows whether the health care law will turn out to be good or bad for jobs and the economy. Everything is guesswork, however educated the guess.
The budget office, generally respected by both sides but not infallible, predicts some elements of the health care law will help job growth and other parts will hurt it.
On the plus side, for example, it expects lower-income people to have more money to spend because more of them will have their health insurance partially or fully paid for by government under the law. On the negative side, Elmendorf told Ryan’s committee that in the short run, the law would increase employers’ costs for their workers and reduce the number of people they hire. Over time, this could put downward pressure on wages, he said.
But those effects, good and bad, are expected to be modest. Of more consequence is the expectation that millions will take themselves voluntarily out of the labor force because they can afford to.
The budget office, generally respected by both sides but not infallible, predicts some elements of the health care law will help job growth and other parts will hurt it.
On the plus side, for example, it expects lower-income people to have more money to spend because more of them will have their health insurance partially or fully paid for by government under the law. On the negative side, Elmendorf told Ryan’s committee that in the short run, the law would increase employers’ costs for their workers and reduce the number of people they hire. Over time, this could put downward pressure on wages, he said.
But those effects, good and bad, are expected to be modest. Of more consequence is the expectation that millions will take themselves voluntarily out of the labor force because they can afford to.