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What are the two conflicting arguments?
There was a major political flap this past week triggered by a report by the Congressional Budget Office that the Affordable Care Act (aka ObamaCare) would (over time) cause a reduction in total hours worked by the American labor force.
The Affordable Care Act may cut the number of full-time workers by roughly 2.3 million people through 2021. A WHO report reveals the number of cancer cases will increase at an alarming pace by 2035. Simple approach to finding a job. Photo: Getty.
The new health law is projected to reduce the total number of hours Americans work by the equivalent of 2.3 million full-time jobs in 2021, a bigger impact on the workforce than previously expected, according to a nonpartisan congressional report.
The analysis, by the Congressional Budget Office, says a key factor is people scaling back how much they work and instead getting health coverage through the Affordable Care Act. The agency had earlier forecast the labor-force impact would be the equivalent of 800,000 workers in 2021.
What are the two conflicting arguments regarding the likely impact on total hours worked?
4 Answers
- jakemcclakeLv 77 years agoFavorite Answer
The two arguments are:
A) The work force will lose 2.3 million jobs, on account of the Affordable Care Act per the CBO and this impacts the economy in a negative way by losing production.
B) The Americans will want to work considerably less, the equivelant of 2.3 million jobs because of the Affordable Care Act, which enables Freedom to move into new fields, and open up new businesses, having a big positive impact on our economy.
Both arguments are extensions of the CBO prediction of people volunteering to work less and the equivelent of 2.3 million jobs.
But a prediction is just that, a prediction.
Remeber the comments from Romney: "Obama took 700 billion from Medicare to pay for Obamacare?"
This was also based on a prediction from the CBO that Medicare Advantage (this is Medicare paying Health Maintenance Organizations to pay for Medicare services for Medicare beneficiaries in those plans) payments will be reduced 716 billion over the next 10 years.
In my book you could not make a bigger positive statement about the Affordable Care Act.
But, there is a big battle over this, the HMOs are fighting this threatening to reduce provider networks, to compensate for the reduction. This may force Medicare beneficiaries in Medicare Advantage to move over to Medicare Fee for service and pay for Medigap.
Things may not work as predicted.
But Health reform will continue.
- megLv 77 years ago
They said it would reduce the labor force which includes the unemployed not the reduce the number of jobs or the number of hours worked. It just means some of the people who are working will work less or not at all, but there is more than enough unemployed people who will be happy take there jobs.
- BflowingLv 77 years ago
That is not exactly what it said. It states that since employees have an alternative place to go for health insurance (the exchanges), they don't need to stay full time in jobs they don't want. They can retire, or work somewhere part time. The jobs they leave are not lost, but must be refilled.
