But the Congressional Budget Office report does not say the 2 million jobs will be lost. Instead, it anticipates that Americans may voluntarily leave jobs or reduce work hours.
Job leaving is not at all equivalent to lost jobs. Confusion and misplaced controversy warrants a closer look at what this report actually says about labor market participation
and the various additional effects Affordable Care reforms are likely to have on the U.S. economy.
What does the CBO report actually say?
“The reduction in full-time-equivalent employment that CBO expects will arise from the ACA includes some people choosing not to work at all and other people choosing to work fewer hours than they would have in the absence of the law,” the report says.
These “full time equivalent employment” numbers are derived by projecting the number of hours that will not be worked because of how worker behavior is affected by the law, not because employers are eliminating jobs.
Obamacare: 'Job-killer' or freedom from 'job trap'? - CSMonitor.com
CBO Director To Congress—Obamacare Is Not A Job Killer
Critics of the Affordable Care Act (ACA) have interpreted the findings of the report as proof that Obamacare is a job killer.
However, Elmendorf begs to differ and clarifies the confusion of the “misleading takeaway of his agency’s new report.”
“The reason we don’t use the term ‘lost jobs’ is there is a critical difference between people who like to work and can’t find a job—or have a job that’s lost for reasons beyond their control—and people who choose not to word,” Elmendorf said.
Actually, the CBO report clearly explains that the estimated reduction in labor “stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses’ demand for labor” and that “there is no compelling evidence that part-time employment has increased as a result of ACA.”
CBO Director To Congress