published Friday, February 7th, 2014

Getting it right: Obamacare frees up jobs — and Americans

Republicans and right-wing media organizations fell all over themselves this week rushing to tweet out and broadcast what they wanted to read into a Congressional Budget Office report about Obamacare — rather than what the report actually said.

And they were wrong, wrong, wrong. What a shock.

They claimed incorrectly that the report found the Affordable Care Act would cost 2.5 million full-time jobs.

The truthful read is that the new health care law will free up about 2.5 million jobs when people who were working in jobs only to keep insurance coverage would finally be able to retire or move to part-time employment.

That's a big difference.

Here's the exact report wording: "CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 percent to 2 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor -- given the new taxes and other incentives they will face and the financial benefits some will receive. ... The reduction in CBO's projections of hours worked represents a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024."

And here's more: "The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses' demand for labor ..."

Here's what it all means: People won't have to work just to keep insurance, nor will they have to work two or three jobs just to pay for an individual health care policy -- or out-of-pocket expenses -- if they work where insurance is not provided.

The Affordable Care Act -- Obamacare -- will literally free Americans who have been trapped in jobs they didn't want.

Now some Republicans and pundits already have readjusted their whines to say the new law rewards those who don't want to work hard. What baloney.

Americans work harder than people in any other developed nation. According to the Center for American Progress and the International Labor Organization, 85.8 percent of U.S. men and 66.5 percent of U.S. women work more than 40 hours per week. And Americans work 137 more hours per year than Japanese workers, 260 more hours per year than British workers, and 499 more hours per year than French workers. The U.S. Bureau of Labor Statistics says the average productivity per American worker has increased 400 percent since 1950.

The reality is that the predicted labor shift will have about the same affect as retirements by baby boomers. It will open job opportunities for people who are underemployed or who can't get in the workforce now.

Just think, the Republican-controlled House of Representatives voted some 45 times to try to repeal this wonderful break for Americans -- mainly because they don't like the president or the political party he embodies.

Is the GOP really this cruel, or is it just dense?

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Facts said...

Ha, Ha, Ha......Bwahaaa, ha, ha.....Ha, Ha, Ha.

February 7, 2014 at 7:33 a.m.
javelin363 said...

so a lot of older Americans will be able to retire and make way for younger Americans to get better jobs, sounds like a win-win to me.

February 7, 2014 at 2:15 p.m.
soakya said...

A profile of your average Obama voter, as defined by an European Psychologist before the 2012 Presidential Election. She nails it:

" Obamamania is beyond politics and reason. It is a true religious cult, whose adherents reject Christianity yet still believe in Original Sin, transferring it from the evil of being human to the evil of being white. Thus Obama has become the white liberals' Christ, offering absolution from the Sin of Being White. There is no reason or logic behind it, no faults or flaws of his can diminish it, no arguments Hillary could make of any kind can be effective against it. The absurdity of Hypocrisy Clothed In Human Flesh being their Savior is all the more cause for liberals to worship him: Credo quia absurdum, I believe it because it is absurd. "

February 7, 2014 at 2:49 p.m.
gypsylady said...

Then how do you explain all of the independents who voted for him? Face it, the Republicans can't put up any decent candidates anymore.

February 7, 2014 at 8:58 p.m.
soakya said...

It was just explained to you.

February 7, 2014 at 10:34 p.m.
gypsylady said...

Not really. All I see is a bunch of pseudo psycho babble. You don't have much faith in this country do you?

February 7, 2014 at 10:51 p.m.
soakya said...

What does believing you progressives are nothing but zombies have to do with having faith in this country?

February 7, 2014 at 11:35 p.m.
gypsylady said...

I'm a moderate. It's going to take you a few more election cycles to get it through your head that most of this country is in the middle. You keep up the venom and the name calling though if it makes you feel better. It's a great way to make people want to join you.

February 8, 2014 at 5:12 a.m.
Rickaroo said...

"Is the GOP really this cruel, or is it just dense?"

Sadly, both.

February 8, 2014 at 3:32 p.m.
charivara said...

soakya: And who is this "an European Psychologist?" I'd like to read more of what she has to say.

February 10, 2014 at 9:57 a.m.
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