New CBO report: ObamaCare will reduce workforce by 2 million over next 10 years

[koshergrl]

Remember when the scuttle was that ObamaCare would boost the economy, make businesses competitive, and unleash a torrent of creativity?

Er...guess not so much....

Congressional Budget Office report:

https://www.cbo.gov/sites/default/f...ngpaper/51065-ACA_Labor_Market_Effects_WP.pdf

 

[koshergrl]

"Abstract

"The Affordable Care Act (ACA) will make the labor supply, measured as the total compensation paid to workers, 0.86 percent smaller in 2025 than it would have been in the absence of that law, the Congressional Budget Office estimates. Three-quarters of that decline will occur because of health insurance expansions, which raise effective tax rates on earnings from labor—for instance, by phasing out health insurance subsidies as people’s income rises—and thus reduce the amount of labor that workers choose to supply. The labor force is projected to be about 2 million full-time-equivalent workers smaller in 2025 under the ACA than it would have been otherwise. Those estimates were based mainly on CBO’s calculations of the effects of the law’s major components on marginal and average tax rates and on the agency’s analysis of research about the change in the labor supply resulting from a change in tax rates. For components of the law that were difficult to express in terms of changes in tax rates, CBO based its estimates on a review of the available literature about similar policy changes..."

https://www.cbo.gov/sites/default/f...ngpaper/51065-ACA_Labor_Market_Effects_WP.pdf

 

[AmericanFirst1]

Obamacare is a lie perpetrated on the American people by the worst PoTUS in history.

 

[LoneLaugher]

Gee. That almost sounds like it will cost jobs. If the reader were an idiot, he or she might come away with the impression that the ACA is a job klller.

But....that's not what it says, is it?

Where would nutbags be without their rubes?

 

[Zander]

Obamacare is a huge failure on every level. Now all of the highly touted "cooperatives" are losing money or closed down. It's only a matter of time before the whole shebang collapses. .

The lone health insurance cooperative to make money last year on the Affordable Care Act's public insurance exchanges is now losing millions and suspending individual enrollment for 2016.

Maine's Community Health Options lost more than $17 million in the first nine months of this year, after making $10.9 million in the same period last year. A spokesman said higher-than-expected medical costs have hurt the cooperative.

The announcement casts further doubt on the future of the cooperatives, small nonprofit insurers devised during the ACA's creation to inject competition in insurance markets. These co-ops immediately struggled to build their businesses. A dozen of the 23 created have already folded
News from The Associated Press​

 

[koshergrl]

Gee. That almost sounds like it will cost jobs. If the reader were an idiot, he or she might come away with the impression that the ACA is a job klller.

But....that's not what it says, is it?

Where would nutbags be without their rubes?

Well stated, rube.

 

[LogikAndReazon]

Gee..... Surprising...... Lmfao

 

[Arianrhod]

Gee. That almost sounds like it will cost jobs. If the reader were an idiot, he or she might come away with the impression that the ACA is a job klller.

But....that's not what it says, is it?

Where would nutbags be without their rubes?

Don't you love it when they don't actually read the information at the links they supply?

Let's look at the Abstract, right there on page 2:

Three-quarters of that decline will occur because of health insurance expansions, which raise effective tax rates on earnings from labor—for instance, by phasing out health insurance subsidies as people’s income rises—and thus reduce the amount of labor that workers choose to supply.

Obviously there are too many big words there for treyfgrrrrl to understand...

 

[koshergrl]

Gee. That almost sounds like it will cost jobs. If the reader were an idiot, he or she might come away with the impression that the ACA is a job klller.

But....that's not what it says, is it?

Where would nutbags be without their rubes?

Don't you love it when they don't actually read the information at the links they supply?

Let's look at the Abstract, right there on page 2:

Three-quarters of that decline will occur because of health insurance expansions, which raise effective tax rates on earnings from labor—for instance, by phasing out health insurance subsidies as people’s income rises—and thus reduce the amount of labor that workers choose to supply.

Obviously there are too many big words there for treyfgrrrrl to understand...

I don't think that makes the point you think it does, dear.

 

[SassyIrishLass]

It's dying a slow death, imploding upon itself. Like we said it would

LONE PROFITABLE ACA INSURANCE CO-OP LOSING MILLIONS

The lone health insurance cooperative to make money last year on the Affordable Care Act's public insurance exchanges is now losing millions and suspending individual enrollment for 2016.

Maine's Community Health Options lost more than $17 million in the first nine months of this year, after making $10.9 million in the same period last year. A spokesman said higher-than-expected medical costs have hurt the cooperative.

News from The Associated Press

 

[Arianrhod]

Gee. That almost sounds like it will cost jobs. If the reader were an idiot, he or she might come away with the impression that the ACA is a job klller.

But....that's not what it says, is it?

Where would nutbags be without their rubes?

Don't you love it when they don't actually read the information at the links they supply?

Let's look at the Abstract, right there on page 2:

Three-quarters of that decline will occur because of health insurance expansions, which raise effective tax rates on earnings from labor—for instance, by phasing out health insurance subsidies as people’s income rises—and thus reduce the amount of labor that workers choose to supply.

Obviously there are too many big words there for treyfgrrrrl to understand...

I don't think that makes the point you think it does, dear.

Tell the class what you think it means, EdwardBaiamonte.

 

[IcebergSlim]

Gee. That almost sounds like it will cost jobs. If the reader were an idiot, he or she might come away with the impression that the ACA is a job klller.

But....that's not what it says, is it?

Where would nutbags be without their rubes?

Well stated, rube.

What has been the rate of full time, private sector payroll growth since the implementation of ACA?

Just post the numbers.......I'll figure out how they compare to those under the previous administration....

 

[IcebergSlim]

Obamacare is a lie perpetrated on the American people by the worst PoTUS in history.

Let me guess......you cast two votes for the guy under whom

The Private Sector work force SHRANK

GDP grew at an annual rate of 1.6%

Federal Spending grew at more than 7%

Federal Receipts grew 5.5% (that with cutting the worst POTUS of the modern era slack for the Great Recession)

S&P index returned NEGATIVE 22%



Would that be right?

Go apologize to your children...and your neighbors' kids.....

 

[pwjohn]

There's no doubt about it. Obama is a terrible president by just about every measure when it comes to foreign policy. As a matter of fact, by every single measure when it comes to foreign policy. Domestic policy is a whole other story. He's doing a pretty good job.

Including the ACA. You stupid fuckers will never see the day when the ACA gets shut down because it ain't gonna happen.

 

[JimBowie1958]

Remember when the scuttle was that ObamaCare would boost the economy, make businesses competitive, and unleash a torrent of creativity?

Er...guess not so much....

Congressional Budget Office report:

https://www.cbo.gov/sites/default/f...ngpaper/51065-ACA_Labor_Market_Effects_WP.pdf

 

[JimBowie1958]

Including the ACA. You stupid fuckers will never see the day when the ACA gets shut down because it ain't gonna happen.

ACA was set up to fail and be replaced by a single payer system.

Unless Republicans salvage ACA, we are heading to single payer and ACA getting scrapped.

 

[IcebergSlim]

There's no doubt about it. Obama is a terrible president by just about every measure when it comes to foreign policy. As a matter of fact, by every single measure when it comes to foreign policy. Domestic policy is a whole other story. He's doing a pretty good job.

Including the ACA. You stupid fuckers will never see the day when the ACA gets shut down because it ain't gonna happen.

I much prefer Obama's foreign policy to that of the buffoon who preceded him.....

 

[IcebergSlim]

Including the ACA. You stupid fuckers will never see the day when the ACA gets shut down because it ain't gonna happen.

ACA was set up to fail and be replaced by a single payer system.

Unless Republicans salvage ACA, we are heading to single payer and ACA getting scrapped.

Flash....

ACA is based on the mandate system originally proposed by Heritage, and implemented in MA by republican governor Romney...

 

[RoshawnMarkwees]

Gee. That almost sounds like it will cost jobs. If the reader were an idiot, he or she might come away with the impression that the ACA is a job klller.

But....that's not what it says, is it?

Where would nutbags be without their rubes?

Now it's on you to spell out the details lest you be a hypocritical rube.

 

[RoshawnMarkwees]

Including the ACA. You stupid fuckers will never see the day when the ACA gets shut down because it ain't gonna happen.

ACA was set up to fail and be replaced by a single payer system.

Unless Republicans salvage ACA, we are heading to single payer and ACA getting scrapped.

Flash....

ACA is based on the mandate system originally proposed by Heritage, and implemented in MA by republican governor Romney...

So you're a republican, eh?