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Chart: After losing nearly 800,000 jobs per month during the depths of the Great Recession, the private sector has created jobs every month under Obamacare, including an average over 200,000 jobs in the past year.
John Boehner, 2010:
"I believe that the healthcare bill that was enacted by the current Congress will kill jobs in America."
John Boehner, 2011:
"This health care law ... is already destroying jobs in our country. It will continue to destroy jobs in America unless we do something about it."
Mitch McConnell, 2012:
"[W]e now know that Obamacare has been one of the single biggest drags on job creation since early 2010."
Mitch McConnell, 2013:
"ObamaCare is already raising costs and eliminating jobs."
Ted Cruz, Three Days Ago:
"Obamacare is the most destructive, failed law in modern times. It's the biggest job killer in this country."
Jobs Report, Today:
Total nonfarm payroll employment increased by 209,000 in July, the same as its average monthly gain over the prior 12 months. In July, employment grew in professional and business services, manufacturing, retail trade, and construction....

Over the past 12 months, the unemployment rate and the number of unemployed persons have declined by 1.1 percentage points and 1.7 million, respectively.

Caclulated Risk, summing up today's report:
"2014 is on pace to be the best year for employment gains since 1999."
Overall, since Obamacare was enacted in "early 2010" (see Sen. McConnell's preferred timeframe above), American businesses have added 9.8 million jobs, compared with a loss of 3.6 million private-sector jobs in the decade before Obamacare, and the unemployment rate has dropped more than 3.5 percentage points.
Chart: After losing 3.6 million jobs in the decade before Obamacare, the private-sector has gained 9.8 million jobs since Obamacare became law.

In addition to the jobs comeback under Obamacare, millions of lives have been directly impacted by the expansion of health coverage and other benefits of the law:

New Study: 10.3 million gained health coverage during the Marketplace’s first annual open enrollment period

According to the authors’ findings, the uninsured rate for adults ages 18 to 64 fell from 21 percent in September 2013 to 16.3 percent in April 2014. After taking into account economic factors and pre-existing trends, this corresponded to a 5.2 percentage-point change, or 10.3 million adults gaining coverage.... [T]he results do not include the more than 3 million young adults who gained health insurance coverage through their parents’ plans.

Over 8.2 million seniors have saved more than $11.5 billion on prescription drugs since 2010

Since the enactment of the Affordable Care Act, out-of-pocket savings on medications for people with Medicare prescription drug coverage continues to grow. More than 8.2 million seniors and people with disabilities with Medicare have saved over $11.5 billion on prescription drugs since 2010 as a result of discounts in the donut hole and rebates in 2010, for an average of $1,407.

Moreover, the law has strengthened Medicare by helping to extend the life of the trust fund by 13 years:  
Good News For Boomers: Medicare’s Hospital Trust Fund Appears Flush Until 2030

Medicare’s Hospital Insurance Trust Fund, which finances about half the health program for seniors and the disabled, won’t run out of money until 2030, the program’s trustees said Monday. That’s four years later than projected last year and 13 years later than projected the year before the passage of the Affordable Care Act.

Chart: Life of Medicare trust fund extended 13 years since 2009.
And slowing down the growth of health care spending doesn't just benefit policyholders, it benefits the country's bottom line:
Chart: Deficit drops from 9.8% of GDP before Obamacare to 2.8% of GDP in 2014.
Charts archived at America's Comeback Decade

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Comment Preferences

  •  While I agree that the ACA didn't hurt job gowth (3+ / 0-)
    Recommended by:
    Mopshell, Sherri in TX, Roger Fox

    Correlation does not equal causation.  Most provisions of the ACA didn't go into effect until much later than 2010.  I would attribute the job growth to President Obama's other policies.  The same goes for deficit reduction.

    That said, the impact on the Medicare trust fund is directly attributable to the ACA and is a huge benefit.  I have to admit, I was surprised by the extent of that - going from three to sixteen years of trust fund solvency is huge.

    No one could make a greater mistake than he who did nothing because he could do only a little. - Edmund Burke

    by AdirondackForeverWild on Fri Aug 01, 2014 at 06:48:28 AM PDT

  •  Update: Two additional data points (6+ / 0-)

    From the White House blog:

    Total job growth exceeded 200,000 for the sixth straight month in July, the first time that has happened since 1997....

    The private sector has [experienced] 53 straight months of job growth, the longest streak on record.

  •  What these lovely figures do show (3+ / 0-)

    is that the ACA is not "the biggest job killer" as wrongly predicted and perpetuated by Boehner, McConnell and Cruz. In fact, it is likely to have added to jobs growth.

    Now there are those who:

    > can afford to leave a job they didn't like (but held onto because of health benefits) and accept the job they want which doesn't come with health insurance

    > can afford to quit in order to start their own businesses

    > can make that part-time job they loved into a full-time job and quit the job they disliked but had to have for health insurance.

    All these transitions are happening thanks to the ACA and they're making job vacancies for others to fill. Also, those starting their own businesses will, hopefully, become job creators themselves.

    Please note that lamps in the Magic Lamp Emporium are on a genie time-share program so there may be a slight delay in wish fulfillment. (◕‿◕)

    by Mopshell on Fri Aug 01, 2014 at 07:23:53 AM PDT

    •  I would be curious to know (2+ / 0-)
      Recommended by:
      TheLizardKing, Mopshell

      how often people switch to part-time/self-employment.  That is something that jumped out at me about the ACA in general.  I have often thought that quitting my day-job and working as a consultant 20-30 hours a week would be a great way to ease into "retirement" when the time comes.  Since my wife has great benefits, I might be able to do it.

      I have known several people who had to work past 65 because their younger spouse was not eligible for Medicare yet.  Not only does that suck for them, it also keeps someone who wants the job/advancement from getting it.  Quantifying that would be difficult, as there would be no net increase in jobs, but everyone would be better off.  

      No one could make a greater mistake than he who did nothing because he could do only a little. - Edmund Burke

      by AdirondackForeverWild on Fri Aug 01, 2014 at 07:37:41 AM PDT

      [ Parent ]

      •  I'd be curious to know this too (1+ / 0-)
        Recommended by:
        AdirondackForeverWild

        I can't think where or how figures for these transitions would be accumulated. I just know I've come across several anecdotal stories that make me think it's not a rare thing and is a movement that has definitely been stimulated by the ACA.

        Please note that lamps in the Magic Lamp Emporium are on a genie time-share program so there may be a slight delay in wish fulfillment. (◕‿◕)

        by Mopshell on Fri Aug 01, 2014 at 09:17:20 AM PDT

        [ Parent ]

  •  Just as President Reagan's supporters... (1+ / 0-)
    Recommended by:
    westyny

    are on a constant quest to name everything they can after him, we need to start doing the same.

    But we need to raise the stakes: President Obama on Mt. Rushmore.

    Yep, that's right. Let's go big.

    Hell, it's warranted, and, as an added bonus, it'll make the haters' heads explode, possibly literally.

    Obama inherited the biggest mess since FDR, and what he's accomplished in his first six years is astonishing.

    Good luck with that lawsuit, Speaker Boehner.

    How about I believe in the unlucky ones?

    by BenderRodriguez on Fri Aug 01, 2014 at 07:40:16 AM PDT

  •  Not enough room on Rushmore for a 5th face (1+ / 0-)
    Recommended by:
    Roger Fox

    and I'd Put FDR on there long before Obama. Obama will probably have  the following record once he leaves office:
     passed the first universal heath care law in a century
     Created the worlds largest protected area- the Remote Island NM expansion will cover all US Waters in the Pacific out to 200 miles from shore- an area of close to 800000 sq miles
    - Set aside more national monuments than any other president
    Clinton created 19 national monuments in office, Obama currently has set aside 11, but with the Park Services centennial coming up, I would not be surprised if Obama sets aside several more to mark the occasion. i'm hoping they will be big ones, his largest to date is the 500000 acre Organ Peaks NM he set aside in May.

  •  I'm adding a link to this Diary (0+ / 0-)

    to my Grokking Republicans: Cognitive Dissonance Diary to be published next Monday for the Readers and Book Lovers group. It is a perfect example of the phenomena described in When Prophecy Fails, by Festinger, Riecken, and Schachter. Obvious failure of unequivocal predictions under certain conditions met by large numbers of Republicans results in doubling down on the predictions and making strenuous efforts to spread the word.

    Here is the first Diary in the series, Grokking Republicans Book List.

    Back off, man. I'm a logician.—GOPBusters™

    by Mokurai on Fri Aug 01, 2014 at 02:23:28 PM PDT

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