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View Diary: CBO Report -- Chuck Todd: Shill Extraordinaire (Update) (55 comments)

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  •  CBO report is bad for Democrats, for a different (3+ / 0-)
    Recommended by:
    annecros, thestructureguy, VClib

    reason than some on the right are pushing.  

    Here's the bottom line.  The ACA will make it more attractive for some people to choose taxpayer-funded subsidies rather than a job.  In other words, it will encourage some people -- particularly at the lower end of the income scale - not to work.  From WaPo:

    The CBO previously estimated that the economy would have 800,000 fewer jobs in 2021 as a result of the law. In that analysis, the CBO looked primarily at how employers would respond to a new penalty for failing to offer insurance to employees who work more than 30 hours a week. That response would include cutting people’s hours, hiring fewer workers and lowering wages for new jobs.

    On Tuesday, the agency released a more-detailed estimate that includes how ordinary Americans would react to those changes by employers. Some would choose to keep Medicaid rather than take a job at reduced wages. Others who typically do not work full-time would delay returning to work in order to keep subsidies for private insurance that are provided under the law.

    As a result, by 2021, the number of full-time positions would be reduced by 2.3 million, the report said.

    The reduction in employment from the health-care law “includes some people choosing not to work at all and other people choosing to work fewer hours than they would have in the absence of the law,” the CBO said.

    We already have the lowest labor participation rate since 1978, and the number of people opting to go on disability rather than seek work has risen dramatically.  And then this, saying that the ACA will serve as an incentive for some to chose Medicaid and taxpayer subsidies over work.  

    The White House tried to spin this as "well, it gives people options."  That's not going to play well.  

    If you think that this CBO report is not going to be used by people running against incumbent Democrats like my Senator Mary Landrieu, you're delusional.  She has to be one of the most unhappy people in the country tonight.  

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