ObamaCare: 2.5 million more jobs lost, another trillion in deficit spending

ObamaCare: 2.5 million more jobs lost, another trillion in deficit spending
The new healthcare law will cost the nation about 2.3 million jobs by 2021 and contribute to a $1 trillion increase in projected deficits, the Congressional Budget Office (CBO) said in a report released Tuesday. The nonpartisan agency’s report found the healthcare law’s negative effects on the economy will be “substantially larger” than what it had previously anticipated. 


Health Care Law Will Mean Fewer People on the Job
Several million American workers will reduce their hours on the job or leave the workforce entirely because of incentives built into President Barack Obama’s health care overhaul, the Congressional Budget Office said Tuesday. That would mean losses equal to 2.3 million full-time jobs by 2021, in large part because people would opt to keep their income low to stay eligible for federal health care subsidies or Medicaid, the agency said.