Another myth busted – CBO does not show the ACA to be a job killer

On Feb. 4 the Congressional Budget Office (CBO) released a long-term budget analysis, in which it weighed the Affordable Care Act’s effect on the nation. And opponents to the reform law began spinning what the report said, with a focus on what they have termed “the job killing effects.”

The hype typically reads that 2 million jobs will be lost due to the law, but the reality is that’s not what the CBO said at all. The labor pool, a number reached by adding those in the workforce and those actively seeking work, will shrink by 2 million as people are no longer tied to employment as a means of getting, or being able to afford, health insurance.

In fact, an Urban Institute report funded by the Robert Wood Johnson Foundation estimate that the number of Americans who are self-employed will increase as a result of the law.

This entry was posted in From the Foundation and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s