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Thread: CBO Director Says ObamaCare Would Reduce Employment by 800,000 Workers

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    Re: CBO Director Says ObamaCare Would Reduce Employment by 800,000 Workers

    This article is short on details and does not go into why 800,000 jobs are projected to be lost. I wonder how much of this represents wasted work that is not necessary for our health care system.

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    Re: CBO Director Says ObamaCare Would Reduce Employment by 800,000 Workers

    Quote Originally Posted by The Prof View Post
    LOL!

    "CBO anticipates that enacting H.R. 2 would probably yield, for the 2012-2021 period, a reduction in revenues in the neighborhood of $770 billion"

    obamacare also cuts medicare HALF A TRIL while simultaneously expanding its membership massively, it burdens bankrupt states with TWO HUNDRED BIL of the bill, it double counts a QUARTER TRIL according to cbo, it does a QUARTER TRIL doc fix unpaid for, it significantly increases er traffic and costs, it greatly exacerbates a serious shortage of medicare-friendly doctors, and it's forced to exempt hundreds of too bigs in the first few months of implementation to keep the whole thing from crashing

    thanks for the opportunity to clarify
    You're confused again. HR 2 is the GOP's "Repealing the Job Killing blah blah blah". Your own link trashes HR 2. So, once again, what was your point?


  3. #33
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    Re: CBO Director Says ObamaCare Would Reduce Employment by 800,000 Workers

    Quote Originally Posted by ksu_aviator View Post
    Yes. It doesn't have to go into effect to be all of those things.

    It is a job killer: Will health care reform really cost 650,000 jobs? By how much is still up for debate, but there is no doubt in any one's mind...liberal or conservative...that the bill will cause a reduction in the work force. I.e. It kills jobs.
    Oh really? From your own source:

    A recent report by House GOP leaders says "independent analyses have determined that the health care law will cause significant job losses for the U.S. economy."

    It cites the 650,000 lost jobs as Exhibit A, and the nonpartisan Congressional Budget Office as the source of the original analysis behind that estimate. But the budget office, which referees the costs and consequences of legislation, never produced the number.

    What follows is a story of how statistics get used and abused in Washington.

    What CBO actually said is that the impact of the health care law on supply and demand for labor would be small. Most of it would come from people who no longer have to work, or can downshift to less demanding employment, because insurance will be available outside the job.

    "The legislation, on net, will reduce the amount of labor used in the economy by a small amount -roughly half a percent- primarily by reducing the amount of labor that workers choose to supply," budget office number crunchers said in a report from last year.
    A reduction in the labor force is a whole lot different than saying the legislation kils jobs. Since the mandate requires all Americans to purchase health insurance, the labor force may be reduced because fewer Americans will choose to work longer, or less will choose to work for the sole purpose of receiving health insurance through an employer. Nice try, but you fail on that one.

    It does contribute to the deficit: Health care reform: Where the money will come from - Mar. 20, 2010 Beyond the wild speculation of reduced health care costs (which won't materialize) and increased wages, the CBO still forecasts increased deficits beyond 10 years. The minor savings is based on unrealistic speculation and won't likely materialize.
    Again, from your own source:

    By contrast, supporters of reform say the CBO underestimates the bill's potential savings, because the agency doesn't credit the bill's experimental measures designed to make the health care delivery system more cost-efficient.
    As for freedom hating, any time legislation forces people to do anything it is hard to label the legislation as anything other than freedom hating.
    BWAHAHAHAHAHAHAHAHA

    Do you feel better pretending that I am a "joke"?
    Yes. Did you read the above quote?

    No I'm not.
    Yes, you are. Read my previous post which has a link debunking your bogus claim.
    Last edited by Sgt Meowenstein; 02-14-11 at 01:11 AM.


  4. #34
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    Re: CBO Director Says ObamaCare Would Reduce Employment by 800,000 Workers

    Quote Originally Posted by Sgt Meowenstein View Post
    Oh really? From your own source:



    A reduction in the labor force is a whole lot different than saying the legislation kils jobs. Since the mandate requires all Americans to purchase health insurance, the labor force may be reduced because fewer Americans will choose to work longer, or less will choose to work for the sole purpose of receiving health insurance through an employer. Nice try, but you fail on that one.
    Are you serious? There is no difference. That's exactly the same thing.



    Again, from your own source:
    Oh....the "supporters" say it will work. Well, I don't know how I missed that. Obviously "supporters" an unbiased and well qualified to make that judgement. My opinion has completely changed. Clearly the bill is a magical piece of legislation that creates something from nothing. This bill manages to reduce taxes and increase spending without while increasing revenue and decreasing costs. [/sarcasm]


    BWAHAHAHAHAHAHAHAHA
    Don't cry...we know you don't have a legitimate counter point...its ok...no liberal ever does

    Yes. Did you read the above quote?
    Yes. Care to counter?


    Yes, you are. Read my previous post which has a link debunking your bogus claim.[/QUOTE]
    You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”

  5. #35
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    Re: CBO Director Says ObamaCare Would Reduce Employment by 800,000 Workers

    Having studied the issue, it seems that a great majority of those who would leave their jobs would do so voluntarily due to them not needing health care tying them to a job. This is actually a good thing, because it should make room for those who do wish to work.

  6. #36
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    Re: CBO Director Says ObamaCare Would Reduce Employment by 800,000 Workers

    Quote Originally Posted by megaprogman View Post
    Having studied the issue, it seems that a great majority of those who would leave their jobs would do so voluntarily due to them not needing health care tying them to a job. This is actually a good thing, because it should make room for those who do wish to work.
    Can you show me what material you have studied which supports your "great majority" comment?
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: CBO Director Says ObamaCare Would Reduce Employment by 800,000 Workers

    Quote Originally Posted by Ockham View Post
    Can you show me what material you have studied which supports your "great majority" comment?
    http://cbo.gov/ftpdocs/117xx/doc11705/08-18-Update.pdf

    The expansion of Medicaid and the availability of
    subsidies through the exchanges will effectively
    increase beneficiaries’ financial resources. Those additional
    resources will encourage some people to work
    fewer hours or to withdraw from the labor market.
    Other provisions in the legislation are also likely to
    diminish people’s incentives to work. Changes to the
    insurance market, including provisions that prohibit
    insurers from denying coverage to people because of
    preexisting conditions and that restrict how much
    prices can vary with an individual’s age or health
    status, will increase the appeal of health insurance
    plans offered outside the workplace for older workers.
    As a result, some older workers will choose to retire
    earlier than they otherwise would.
    The net reduction in the supply of labor is largely
    attributable to the substantial expansion of Medicaid
    and the provision of subsidies that will reduce the
    cost of insurance obtained through the newly created
    exchanges, beginning in 2014.
    In other words, people will have more incentive to retire, providing room for those who currently need jobs. Also, since this is the CBO's reasoning behind it, it means that further improvements to the health care industry (for example, of the Republican plan takes hold and does a great job) than the same logic in the OP will forecast further economic devastation.

    In neither case is that forecast accurate.
    Last edited by tacomancer; 02-14-11 at 09:27 AM.

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    Re: CBO Director Says ObamaCare Would Reduce Employment by 800,000 Workers

    Quote Originally Posted by Animus View Post
    This isn't disney. Welcome to reality.

    There is no magic wand to be waved around and provide everyone with a pretty dress to attend the ball. Sacrifices simply have to be made, something that Americans obviously have no clue about.
    Oh really, then who does?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: CBO Director Says ObamaCare Would Reduce Employment by 800,000 Workers

    Quote Originally Posted by megaprogman View Post
    Having studied the issue, it seems that a great majority of those who would leave their jobs would do so voluntarily due to them not needing health care tying them to a job. This is actually a good thing, because it should make room for those who do wish to work.


    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  10. #40
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    Re: CBO Director Says ObamaCare Would Reduce Employment by 800,000 Workers

    Quote Originally Posted by American View Post


    You should look at the quotes I pulled up from the CBO report. They are on this page of the thread even.

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