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CBO: Obamacare Will Cause 2.5 Million Workers to Leave Work Force

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Posted at RightWisconsin

No matter how you cut it, this was a devastatingly bad day for Obamacare. 
 
No,the CBO did not say that OCare will "kill 2 million jobs." But what it actually said may be even worse: Because Obamacare taxes and penalizes work, while providing more incentives for non-work, the report said, millions of workers will choose to drop out of the labor pool. That threatens to drop the labor participation rate -- already at historic lows -- even lower.
 
For the White House (and liberal/media)pushback see below. But the bottom line is that the perverse incentives in the bill are turning out to be a nightmare for the bill's architects and supporters. Here's a cross section of some of the best reporting and analysis on the report.
 
Et, tu, New York Times?:  Health care law may result in 2 Million Fewer Full-Time Workers
 

 

WASHINGTON — A Congressional Budget Office analysis released Tuesday predicted that the Affordable Care Act would shrink the work force by the equivalent of more than two million full-time positions and recharged the political debate over the health care law, providing Republican opponents fresh lines of attack and putting Democrats on the defensive.
 
The nonpartisan budget office’s analysis, part of a regular update to its budget projections, was far more complicated than the Republican attack lines it generated. Congressional Republican leaders called the findings "devastating," "terrible" and proof that the health care law was a job killer....
 

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