Obamacare to cut work hours by equivalent of 2 million jobs
105 replies, posted
[quote](Reuters) - President Barack Obama's healthcare law will reduce American workforce participation by the equivalent of 2 million full-time jobs in 2017, the Congressional Budget Office said on Tuesday, prompting Republicans to paint the law as bad medicine for the U.S. economy.
In its latest U.S. fiscal outlook, the nonpartisan CBO said the health law would lead some workers, particularly those with lower incomes, to limit their hours to avoid losing federal subsidies that Obamacare provides to help pay for health insurance and other healthcare costs.
The biggest impact would begin in 2017, CBO said, because major provisions of the law will be well under way by then. The CBO said there would be smaller declines in work hours that would occur before then.
Work hours would be reduced by the equivalent of 2.5 million jobs in 2024, said the agency, which earlier predicted 800,000 fewer fulltime jobs by 2021. The bottom line would be a slower rate of growth for employment and compensation in the coming decade, according to the report.
The link that the CBO drew between the health law and slower employment growth is likely to become fodder for partisan attacks in this year's congressional election battle, which will determine who controls Congress in the final years of the Obama presidency. Obamacare is unpopular with many voters and its botched October rollout was accompanied by a public outcry by millions of people who saw their health plans cancelled as a result of its implementation.[/quote]
For anyone who is not aware, CBO = Congressional Budget Office
Source
[url]http://www.reuters.com/article/2014/02/04/us-usa-fiscal-obamacare-idUSBREA131B120140204[/url]
...So much for creating jobs
Hold on. So they reckon people will voluntarily cut back on their work, to the effect of the hours of 2.5 million jobs, to receive federal subsidies? (I'd still say that's unlikely to happen because no one wants to be voluntarily underemployed)
Wouldn't that effectively mean that employers will plug that gap by opening 2.5 million new job openings? Wouldn't that be a good thing for the unemployed?
[QUOTE=Siminov;43788663]...So much for creating jobs[/QUOTE]
this is crazy stuff, but why does it always read like everyone's treating 'creating jobs' like he's sitting there with a spreadsheet writing in or deleting job titles? There's a billion different things to say and THIS is your comment?
[QUOTE=dai;43789001]this is crazy stuff, but why does everyone treat all of this like he's sitting there with a spreadsheet writing in or deleting job titles? There's a billion different things to say and THIS is your comment?[/QUOTE]
Yes :v:
I mean his whole thing was to create jobs, almost all the stuff he mentions is him creating jobs here and there.
Even though this is from 2010, this health care reform is supposed to CREATE jobs, not REMOVE them.
[url]http://www.americanprogress.org/issues/2010/01/pdf/health_care_jobs.pdf[/url]
Edit:
Whatever it's not even worth arguing with you people.
Yup, my workplace is doing this. It's even dumber because we're seasonal.
Can't work more than 25 hours or something like that
[QUOTE=Antdawg;43788824]Hold on. So they reckon people will voluntarily cut back on their work, to the effect of the hours of 2.5 million jobs, to receive federal subsidies? (I'd still say that's unlikely to happen because no one wants to be voluntarily underemployed)
Wouldn't that effectively mean that employers will plug that gap by opening 2.5 million new job openings? Wouldn't that be a good thing for the unemployed?[/QUOTE]
without subsidies paying for a plan off the marketplace costs more than insurance ever did
This wouldn't happen if they introduced some benefit to the owners of workplaces for if they provide this to their employee's.
This is the trend for food jobs in the US. Cuts across the board so nobody is actually full time so they don't pay for your insurance, and the fill in the hour gaps with people who only come in for 2-4 hours at a time
Obama is the best president ever.
you can't deny it
nope
no way.
he's number 1
im not allowed to work full time because the company doesnt want me on salary or health insurance
Going from a full time, minimum wage employee to a full time, minimum wage employee with full healthcare coverage is a MASSIVE raise. Of course employers aren't going to do that.
Anyone surprised by this must have been completely ignorant of the law itself.
See guys, wasn't the AHC act great? Look at all the good it's doing us! Our economy will be stronger than ever in only a few months!
[QUOTE=Pvt. Martin;43791493]He isn't the best, but after 8 years of Bush, and the candidates we had during 2012, Obama is by far the better choice right now.[/QUOTE]
Oh god, my sides
[QUOTE=Squad1993;43790967]Obama is the best president ever.
you can't deny it
nope
no way.
he's number 1[/QUOTE]
He isn't the best, but after 8 years of Bush, and the candidates we had during 2012, Obama is by far the better choice right now.
Already happened to me. I can't work more than 28 hours per week.
[QUOTE=gk99;43791492]See guys, wasn't the AHC act great? Look at all the good it's doing us! Our economy will be stronger than ever in only a few months!
Oh god, my sides[/QUOTE]
So, like, considering almost every other first world country on the face of this blue ball of fuck has managed to implement healthcare without fucking their population over, what do you think this says more about? The legislation? The "job creators"? Or US politics itself? Because to me, it makes me think the "job creators" are all fucking assholes, and US politics is self destructive as all hell.
Place I am working at is doing this. I used to get scheduled around 32-36 hours a week(part-time), but ever since Obamacare rolled around that's been cut down to less than 20.
Our economy and government are not suited for healthcare. It was never been and I don't get why everyone is trying to make it work. We can't just simply change around our entire country(I hope not, at least. Who knows with this administration and their ways of doing whatever they want).
God why can't we just have socialised medicine under the Government. It's obvious companies are far too greedy for this shit to work. Maybe if the whole thing crashes and burns, and insurance fails us all, they'll have the political ammunition to push for national healthcare...
As a Brit I thought that obamacare would work similiar to our NHS but seems to me it isn't that simple!
So, they just enforce a socialised healthcare system on a healthcare industry which is designed to make a profit every year?
this is less obama's fault and more shitty people who disagree with the AHC act intentionally fucking things up so they can use it as proof obamacare is failing
fuck this shitty country i cannot wait until i have that german passport in my hands
[QUOTE=wakeboarderCWB;43792414]Place I am working at is doing this. I used to get scheduled around 32-36 hours a week(part-time), but ever since Obamacare rolled around that's been cut down to less than 20.
Our economy and government are not suited for healthcare. It was never been and I don't get why everyone is trying to make it work. We can't just simply change around our entire country(I hope not, at least. Who knows with this administration and their ways of doing whatever they want).[/QUOTE]
It has nothing to do with your economy not being suited to national healthcare schemes, and everything to do with the people in power having too many conflicts of interest to let it happen. Medicine is big money, we will pay almost anything if we get to live longer. This money gives them leverage in politics thanks to lobbying, and your politicians are too scared to touch taxation in a meaningful way to fund social schemes like this because the "job creators" might stop paying them or flee the country.
Any economy can have a national health care system, the NHS isn't really that old to be honest, and other than it being less efficient at times than private healthcare (which is still available, we never removed that option) it works pretty nicely.
[QUOTE=some_hobo;43792532]As a Brit I thought that obamacare would work similiar to our NHS but seems to me it isn't that simple!
So, they just enforce a socialised healthcare system on a healthcare industry which is designed to make a profit every year?[/QUOTE]
And tried to push the cost onto sociopaths who would do anything to get out of paying it, and they are. The main reason it's causing problems is because companies don't want to be a part of it. Companies don't want to pay for their employee's healthcare, and insurance companies see this as a chance to jack up prices because healthcare is mandatory, so they see mandatory profit.
This is why we can't trust for-profit organisations to provide effective healthcare to our people. At the very least, a public healthcare option fed by taxes and covering all healthcare needs must be provided in order for us to have an effective and functional healthcare system.
I don't see corporate healthcare as working for the people unless they are regulated to the point where government advisers watch their every move and question every action, and by that point, why not just take hold yourself?
Whelp time for 2 jobs
I still can't believe health insurance is a thing for low-income earners in the US. I pay a 1.5% levy on taxable income above $350 per week. Done. Healthcare sorted.
Tbh Obamacare seems terrible in both idea and execution.
Am I the only one who knows that the #1 goal of a healthcare system is to keep people alive, not provide them jobs?
America seriously needs to start catching up when it comes to providing for its citizens, your early education is a mess and people keep going bankrupt and dying from a lack of healthcare.
[QUOTE=Antdawg;43793585]I still can't believe health insurance is a thing for low-income earners in the US. I pay a 1.5% levy on taxable income above $350 per week. Done. Healthcare sorted.
Tbh Obamacare seems terrible in both idea and execution.[/QUOTE]
Our current health care system is worse than Obamacare.
People don't seem to reason that removing Obamacare would be a step backwards. It needs to be fixed, not removed.
Yes its going to happen because owner operators are cheap because they don't make much money.
[QUOTE=nikomo;43793623]Am I the only one who knows that the #1 goal of a healthcare system is to keep people alive, not provide them jobs?
America seriously needs to start catching up when it comes to providing for its citizens, your early education is a mess and people keep going bankrupt and dying from a lack of healthcare.[/QUOTE]
Most Americans get insurance through their employers. Some employers cannot cover the costs of healthcare, especially mom and pop outfits. The law states now that if you work over I think 30 hours, you must be provided benefits like healthcare, so many full time positions will be cut back to put employees under that limit. I agree, healthcare is astronomical in this country, and single payer, though I am not a huge fan of it, does have the benefit of taking healthcare out of the employer's hands, so they can focus on hiring people rather than have to try to pay insurance subsidies. As far as education, we throw tons of money at it and it does little. It's more a cultural thing than a monetary thing.
[QUOTE=Siminov;43788663]For anyone who is not aware, CBO = Congressional Budget Office
Source
[url]http://www.reuters.com/article/2014/02/04/us-usa-fiscal-obamacare-idUSBREA131B120140204[/url]
...So much for creating jobs[/QUOTE]
Okay, lets have socialized medicine instead. Which is what all of the liberals, of which I am one, fucking wanted in the first place. This half assed bullshit is only because conservatives are worthless shitbags incapable of recognizing that socialized medicine IS HOW MEDICINE HAS TO WORK IN A CAPITALIST SOCIETY.
For capitalism to function you have to be able to make a single very simple decision: You must be able to say "No, I do not want that product for that price point". (Technically you must also be extremely well informed and recognize the value of certain products. Which is an assumption often made, but basically never actually true for consumers.)
Yes? As a consumer you can say "no that television is too expensive." or "I don't believe that bread is worth the cost". You don't need a TV and you can eat all sorts of food other than bread- hell you can produce your own food.
You can't turn down healthcare in a great many cases. You can't say "no, that cancer medicine is too expensive." because without it you fucking [I]die. [/I] There is no bargaining or shopping possible because you [I]need[/I] that item in the most fundamental sense of the word.
Meanwhile a government CAN say that. The government in a socialized medicine scenario can say "we want this, this, and this and want to pay no more than this." and, because they control a massive market, they can bend producers to their will. This is why the EXACT FUCKING SAME MEDICINES AND MEDICAL ITEMS WILL COST LESS IN THESE COUNTRIES. This is why despite spending fuckloads more money in TAXES ALONE we don't have socialized medicine. Yes. Based on our population, if we were to implement socialized medicine on par with the best examples on the fucking planet, we'd pay [I]less[/I] taxes. (Assuming we were able to bargain well.)
So take your snide comments and cram them up your ass. We are stuck in shitville because of stupid conservative fucks. Which is, frankly, a redundant statement.
Hi my name is [Seed Eater] and my hours and job security were damaged by the healthcare mandate.
was going at a part-time working full-time for over a year, average of 36-40 hours per week. Healthcare mandate stated to kick in, no one is getting more than 30 hours per week at most. They cut everyone's hours and replaced us full-timers with more part-timers. Now no one has enough hours to be satisfied and as a side effect, everyone is especially vulnerable, as they can afford to fire us or replace us without fearing a shortage on man hours. This dramatically changed the relationship between worker and manager as what used to be a two-way street of discussion and mutual bargaining is now a "what we say goes" command structure.
Who thought this half-assed bill would be anything other than a giant fucking failure? It's great that it has allowed greater access to shitty government healthcare, but it's also destroyed low-wage hours, kicked loads of people off their existing plans or made them unaffordable, and forces people to add another expense if they meet a certain threshold or face a penalty. wow good work thanks obama
Just socialize the fucking thing already. Nobody on the left thought this was a good idea and it isn't.
[QUOTE='[Seed Eater];43794059']
Who thought this half-assed bill would be anything other than a giant fucking failure? It's great that it has allowed greater access to shitty government healthcare, but it's also destroyed low-wage hours, kicked loads of people off their existing plans or made them unaffordable, and forces people to add another expense if they meet a certain threshold or face a penalty. wow good work thanks obama
Just socialize the fucking thing already. Nobody on the left thought this was a good idea and it isn't.[/QUOTE]
This is what happens when the bill is absolutely bastardised to have a chance of making it past the Republicans.
Sorry, you need to Log In to post a reply to this thread.