Obamacare to cause major reduction in hours worked - CBO


Obamacare could lead to a fall in the number of hours worked by the equivalent of 2M full-time jobs by 2017, the Congressional Budget Office has forecast.

The healthcare law could prompt some people, especially those on lower salaries, to restrict the amount of time they work so that they will still be eligible for health subsidies.

Following the technical glitches that hampered the roll-out of Obamacare, the CBO also cut its forecast for the number of people who would be signed up for health coverage in 2014 to 6M from 7M.

Comments (1)
  • kmi
    , contributor
    Comments (4677) | Send Message
     
    The implication being that the subsidy value, or cost of insurance, is meaningfully higher than their earning potential.

     

    One wonders how this forecast would potentially be impacted if those on "lower salaries" earned more (minimum wage increase anyone?) and/or the cost of health insurance and healthcare were reduced (competitive marketplace anyone?).
    5 Feb 2014, 11:41 AM Reply Like
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