ACA Expected to Cause Equivalent of 2 Million Jobs Lost by 2017

ACA Expected to Cause Equivalent of 2 Million Jobs Lost by 2017

On February 4th, the Congressional Budget Office (CBO) released a report regarding federal health insurance reform, indicating that the equivalent of about 2 million jobs will be lost by 2017 as a result of the combination of employers cutting hours of workers to avoid the employer mandate and employees voluntarily working fewer hours so as to qualify for insurance subsidies.  In addition one million, or 14% fewer than projected Americans, signed up for health insurance through the exchanges mostly because of technical difficulties users experienced.

Perhaps it makes more sense for government to subsidize minimum wage and decrease subsidies for those not working (but able) so that people would have more incentive to work and less to not work.

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