'Obamacare' Discourages Work and That's a Bad Thing; Here Is Why
The Affordable Care Act, or "Obamacare," will encourage some Americans to work less, the Congressional Budget Office recently reported. That is great news, the Obama administration argued. Here is why they are wrong.
Workers will choose to supply less labor, the CBO concluded, because working more could mean a reduction in or loss of government subsidies for health insurance. This reduction in labor is the equivalent of two million jobs by 2017, and 2.5 million jobs by 2021.
Americans should feel encouraged by this news, according to the White House, because it means they will have more time to spend with their kids, their hobbies or just enjoying life....
