White House Responds to CBO: Claims That Obamacare ‘Hurts Jobs’ Not Supported by Facts
On Tuesday afternoon, the White House responded to the Congressional Budget Office’s new annual budget projection, arguing that the details of the report did not support claims that Obamacare was eliminating jobs.
“Claims that the Affordable Care Act hurts jobs are simply belied by the facts in the CBO report,” the statement read. “CBO’s findings are not driven by an assumption that ACA will lead employers to eliminate jobs or reduce hours; in fact the report itself says that there is ‘no compelling evidence that part-time employment has increased as a result of the ACA.”
The statement goes on to say that the CBO’s projections, admittedly incomplete, failed to take into account the reduction in health care costs due to the ACA’s provisions, as well as increased worker productivity from healthier employees.
The CBO reported Tuesday morning that the ACA would result in a reduction of fulltime employment of 2.5 million jobs by 2024, but that the vast majority of the reduction would be from employees voluntarily reducing hours in response to additional options for non-employer provided health care, not a drop in labor demand.
Read the whole report below, via Zeke Miller:
[h/t Zeke Miller]
[Image via Gary Fabiano/Sipa Press/Newscom]
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