By David Morgan WASHINGTON (Reuters) - President Barack Obama's healthcare law will reduce American workforce participation by the equivalent of 2 million full-time jobs in 2017, the Congressional Budget Office said on Tuesday in a report that could fuel Republican efforts to paint the law as a job killer. In its latest U.S. fiscal outlook, the nonpartisan CBO said the health law would prompt some lower-income workers to limit their hours to avoid losing federal subsidies that are available under the law to help pay for health insurance. The CBO said the biggest impact on work hours from the health law would begin in 2017 because major provisions of the law will be well under way by then. The CBO said there would be smaller declines in work hours that would occur before then.
via Health News Headlines - Yahoo News http://ift.tt/MXGMck
No comments:
Post a Comment