Obamacare Destroying 2 Million Jobs?!? It’s FALSE NEWS!

[DemocratsForProgress]

Sandy Todd: Obamacare Destroying 2 Million Jobs?!? It’s FALSE NEWS!

Most have heard by now of the earth-shattering release of the OMB report on the Affordable Care Act and its devastating announcement of a loss of 2 million American jobs. You’ve probably also heard the White House response led by Jay Carney, and his now infamous remark that seems to indicate people should have no problem with not working and getting free Medicaid, if they want to. But here are a few details you might not have heard.

First – there is no OMB report on the Affordable Care Act. The OMB has released its regular Budget and Economic Outlook for 2014-2024; they release a 10-year forecast every year. It’s chock full of fascinating information, including things like the prediction of a 5% unemployment rate by 2017 and a continuing reduction in the deficit. A 12-page portion of the report, Appendix C, outlines the “Labor Market Effects of the Affordable Care Act”; that’s actually the title of the appendix.

Second, and where it gets interesting and a little comical in my estimation, yes, the appendix does say the loss of hours worked will be the equivalent of 2 million full time jobs, rising to 2.5 million by 2017. The report goes on to describe various scenarios wherein workers could choose to work less hours in order to retain either Medicaid or exchange subsidies. This led GOP lawmakers, like Eric Cantor, to conclude, “Under Obamacare, millions of hardworking Americans will lose their jobs and those who keep them will see their hours and wages reduced.”

More at: http://www.democratsforprogress.com/2014/02/14/obamacare-destroying-2-million-jobs-its-false-news/

[pkdu]

1. Actually , the report is essentially says ACA will CREATE 2.5 millions jobs.....

Since the work people CHOOSE not to do , still needs to be done by someone!