Just when you thought Obamacare couldn’t get any worse, the Congressional Budget Office (CBO) reported on Tuesday that the equivalent of 2.5 million jobs will be lost due to Obamacare.
We can’t afford to lose any more jobs.
These numbers are calculated according to how many work hours the CBO estimates will be lost in the coming decade. Reuters reports, “In its latest U.S. fiscal outlook, the nonpartisan CBO said the health law would lead some workers, particularly those with lower incomes, to limit their hours to avoid losing federal subsidies that Obamacare provides to help pay for health insurance and other healthcare costs.”
Reuters continues, “Work hours would be reduced by the equivalent of 2.5 million jobs in 2024, said the agency, which earlier predicted 800,000 fewer full-time jobs by 2021. The bottom line would be a slower rate of growth for employment and compensation in the coming decade, according to the report.”
This is yet another example of the damage Obamacare has continued to inflict since its implementation.
Healthcare premiums have increased for millions. Couple this with high unemployment and it doesn’t look good for those already struggling in this bad economy.
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