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Report Fuels Obamacare Debate With Estimates Of Job Loss

wochit news
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February 04, 2014 AT 9:26 PM
The non-partisan Congressional Budget Office gave new fuel to the debate over the Affordable Care Act Tuesday. It estimates that the law will lead to the eventual loss of about 2.5 million full-time jobs. The CBO also said that Obamacare will reduce the total number of hours worked by about 1.5 percent to 2 percent from 2017 to 2024. CBO director Douglas Elmendorf said the Affordable Care Act is analogous to raising the minimum wage in that it would reduce demand for labor.