- News Brief
Economic Group’s Disputes Claims that Obamacare Will Cost Jobs
Conservative critics of Obamacare have cited a recent report by the Congressional Budget Office as evidence that the Affordable Care Act will result in elimination of millions of jobs as employers required to provide more expensive and extensive health coverage are forced to lay off workers in order to maintain their profits.
A new report by the Economic Policy Institute disputes that interpretation of the numbers. It says, instead, that the CBO’s statistics reflect the number of people expected to voluntarily leave full-time jobs to pursue entrepreneurial or part-time opportunities newly available because they don’t have to rely on traditional employment to have affordable health insurance.