It’s like deja vu all over again! This week the nonpartisan Congressional Budget Office released a report with new analysis of the impact of Obamacare on the economy. The report, which analyzed the economic outlook from 2014-2024, concluded that Obamacare will cause a reduction in the labor force by the end of 2024. 2.3 million workers will drop out of the labor force either by deciding not to work or reducing their hours. Apparently, retiring early sounds a lot better than pulling double shifts at a thankless job so you can keep your health insurance.
The CBO concluded that: “The estimated reduction 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, so it will appear almost entirely as a reduction in labor force participation and in hours worked.”
But if you woke up on Monday morning and pulled up the homepage of a major mainstream publication you were likely under the impression that 2 million Americans would soon be out of a job due to Obamacare. For example, Politico’s original headline about the report was “CBO: Lower enrollment, bigger job losses with Obamacare.”
The media is continually falling for right-wing talking points about the health care law’s effects. It began with the claims that the website glitches meant doom for the entire policy. The website is fixed, millions of Americans are signing up, and are fortunate in this new Obamacare era to be able to afford health insurance so that they can keep themselves and their families healthy.
Then it was the hysteria over President Obama saying, “if you like your plan you can keep your plan,” on the stump while he promoted the law around the country and in the media. Some people were losing their plans but it wasn’t because of Obamacare. Insurance companies rescinded or changed health insurance policies before Obamacare, and many plans were canceled because they didn’t meet the stricter regulations required under the law. The headlines about sad Americans being left out to dry by the president’s health care law quickly changed once more follow-up reporting exposed this talking point as false. The majority of the people with these canceled plan were eligible for subsidies and could find comparable plans on the exchanges.
At least this CBO lie only last for 3 days, but you have to wonder how many Americans think that Obamacare is a job killer because Republicans lied about the CBO report and the media didn’t do their due diligence in reporting accurately that this talking point is not true.
Zerlina Maxwell really wants to be a superhero, but will settle for blogging.