Obamacare will shrink workforce by 2 million, report says


Stephanie Condon
cbsnews.com
February 4, 2014

Given the new incentives offered by the Affordable Care Act, people will choose to work less in the coming years, nonpartisan budget analysts say — shrinking the workforce by the equivalent of 2 million full-time workers by 2017 and by 2.5 million by 2024.

Republicans, already intent on making the controversial health care law a 2014 campaign issue, seized on the new data from the Congressional Budget Office (CBO) to argue the law is hurting the economy. The White House, however, defended the law, charging the GOP with spinning the facts.

“The middle class is getting squeezed in this economy, and this CBO report confirms that ObamaCare is making it worse,” House Speaker John Boehner, R-Ohio, said in a statement.

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