Posted on 02/05/2014 5:39:11 AM PST by SeekAndFind
The Congressional Budget Office estimated on Tuesday that the Affordable Care Act will reduce the number of full-time workers by 2.5 million over the next decade. That is mostly a good thing, a liberating result of the law. Of course, Republicans immediately tried to brand the findings as devastating and stark evidence of President Obamas health care reform as a failure and a job killer. It is no such thing.
The report estimated that thanks to an increase in insurance coverage under the act and the availability of subsidies to help pay the premiums many workers who felt obliged to stay in a job that provided health benefits would now be able to leave those jobs or choose to work fewer hours than they otherwise would have. In other words, the report is about the choices workers can make when they are no longer tethered to an employer because of health benefits. The cumulative effect on the labor supply is the equivalent of 2.5 million fewer full-time workers by 2024.
Some workers may have had a pre-existing condition and will now be able to leave work because insurers must accept all applicants without regard to health status and charge premiums unrelated to health status. Some may have felt they needed to keep working to pay for health insurance, but now new government subsidies will help pay premiums, making it more possible for them to leave their jobs.
(Excerpt) Read more at nytimes.com ...
And we have always been at war with Eastasia. The new White House talking points being spewed by the usual talking heads and propaganda outlets should be accompanied by mandatory drug tests.
The NYT is good for bird cage liner, paper training, and fish wrap.
Guess those who have never done anything do not understand risks and rewards should balance out to make the effort worth while.
They were spinning this question to say that "many were trapped in their current jobs," trapped there, so they had to stay. Now, they won't be trapped in this job that's decent enough to pay health insurance.
Only a sick liberal could twist this into something positive.
This from Obama’s next press conference:
“If you don’t like your job, you can quit your job and still have health insurance (period)”
Now they wish to redefine the concept of work, to be a bad thing.
Bump
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