Obamacare To Cut Work Hours By Equivalent Of 2 Million Jobs: CBO

wochit news
February 05, 2014 AT 12:09 AM
The Congressional Budget Office said Tuesday Obamacare will reduce the American workforce by the equivalent of 2 million full-time workers in 2017. This prompted Republicans to paint the law as bad medicine for the U.S. economy. In its latest U.S. fiscal outlook, the nonpartisan CBO said the health law would lead some workers, particularly those with lower incomes, to limit their hours to avoid losing federal subsidies that Obamacare provides to help pay for health insurance and other healthcare costs.