Thursday, February 6, 2014

CBO Study on Health Care Reform is Devastating Blow For Health Care Reform

The Impact of One of the Worst Designed Laws Ever Comes Front and Center

Paying the Price for Incompetence

The health care reform act, the ACA, the piece of legislation cobbled together by the Obama administration and passed by Democrats was a terrible design.  The problems with the act, from the lie about everyone could keep their existing insurance to the fact that no one understands exactly what was done to the horrible implementation of the health insurance centers are now coming back to haunt those who refused to listen to experts in the field of health care economics.

The current blow, and it is a very serious one is the result of an analysis by the Congressional Budget Office.  It concluded that employment would be reduced going forward and that far fewer individuals would have health care insurance than was previously thought.

WASHINGTON — A new analysis from the Congressional Budget Office says that the Affordable Care Act will result in more than 2 million fewer full-time workers in the next several years, providing Republican opponents of the law a powerful political weapon leading up to this year’s midterm elections.

The law is also expected to have a significant effect on hours worked, the nonpartisan budget office said in a regular update to its budget projections released Tuesday. With the expansion of insurance coverage, more workers will choose not to work and others will choose to work fewer hours than they might have otherwise, it said. The decline in hours worked will translate into a loss of the equivalent of 2.5 million full-time positions by 2024, the budget office said.

The budget office analysis found that much of the law’s effect comes from reducing the need for people to take a full-time job just to get insurance coverage, and from the premium subsidies effectively bolstering household income.

All of this is the result of the hubris and arrogance of the Obama team, and the idea that they could design a health care reform law.  They could not. 

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