Feb 6, 2014
It's amazing how quickly some media outlets jumped to misconstrue the latest findings from the non-partisan Congressional Budget Office on the effects of the Affordable Care Act, also known as ObamaCare.
The New York Times editorial board got it right. The CBO report actually found that "thanks to an increase in insurance coverage under the act and the availability of subsidies to help pay the premiums – many workers who felt obliged to stay in a job that provided health benefits would now be able to leave those jobs or choose to work fewer hours than they otherwise would have. In other words, the report is about the choices workers can make when they are no longer tethered to an employer because of health benefits. The cumulative effect on the labor supply is the equivalent of 2.5 million fewer full-time workers by 2024," The New York Times wrote.