This week the CBO reported that Obamacare may cut the full-time workforce by 2.5 million jobs.
Democratic politicians and the White House cheered the news saying, “Opportunity created by affordable, quality health insurance allows families in America to make a decision about how they will work, or if they will work.”
Only Democrats could celebrate the fact that millions will lose their work and be broke thanks to their failed policy.
The Washington Post reported:
Count Polly Lower among those who quit their jobs because of the health-care law.
It happened in September, when her boss abruptly changed her job description. She went from doing payroll, which she liked, to working on her boss’ schedule, which she loathed. At another time, she might have had to grit her teeth and accept the new position because she needed the health benefits.
But with the health-care law soon to take effect, she simply resigned — and hasn’t looked back.
“It was wonderful. It was very freeing,” said Lower, 56, of Bourbon, Ind., who is now babysitting her 5-year-old granddaughter full time. With the help of federal subsidies that kicked in Jan. 1, she is paying less than $500 a month for health coverage for herself and her husband.
Lower is an example of the latest controversy to spring up around the Affordable Care Act: its impact on the workforce.
The equivalent of about 2.5 million Americans will quit their jobs, cut their hours or stop looking for work during the next decade because of new benefits available under the health-care law, according to recent Congressional Budget Office estimates that have renewed debate over the program’s effect on the economy.
Doug Ross has more thoughts here.