From Bloomberg News: “U.S. health spending in 2019 will be $4 trillion, the Centers for Medicare and Medicaid Services said this week, or $500 billion less than the agency projected in 2010 when President Barack Obama’s health-care overhaul became law. That announcement followed by a week a report from the Congressional Budget Office lowering its five-year cost estimates.”

Republicans will just shout “socialism” and “Benghazi” and their voters will not remember these facts. Conservatives can not stand positive outcomes delivered by Obama. 

Does a CBO report really say Obamacare means 2 million will lose their jobs? In a word, no.

Or at least, only if you misunderstand it —which, sadly, is easy to do when major news outlets are misreporting the story. The right is, of course, running wild with the story and it seems no one has actually bothered to sit down and read the damned thing. There’s a rampant misunderstanding of how jobs are measured in the Congressional Budget Office’s report and this is resulting in confusion — which the right and Republicans are running in to exploit. TPM’s Dylan Scott has the skinny (emphasis mine):

What the CBO really found was that the numbers of hours worked would decrease under Obamacare, by roughly 1.5 percent to 2 percent between 2017 and 2024. The report then translated those lost hours into the equivalent of 2.5 million jobs. But that doesn’t mean 2.5 million jobs are going to disappear from the U.S. economy.

The CBO report, in fact, specifically undermines that claim.

Those lost hours will “almost entirely” be the result of people choosing to work fewer hours because of Obamacare — not because they lost their jobs or can’t find a full-time job.

"The report explicitly says that Obamacare isn’t going to force businesses to cut jobs on any grand scale," Scott reports. "What it is going to do is change how much Americans work." Obamacare will actually free people to work less, since insurance coverage won’t be dependent on full-time hours. 35 hours a week is better fit for your family? Great. Knock yourself out. It’s not like you’ll lose your health coverage or anything.

No wonder the GOP is eager to spin this thing right out of the gate; if Americans find out what it really means, they’re not going to be interested in messing with Obamacare at all, much less repealing it.

When You Don't HAVE to Depend On Your Job For Benefits - Ending The Insurance Trap

"A liberating result of the law."  - NYT

2.5 million people will get health insurance and will not HAVE to work to get their benefits due to the Affordable Care Act:

.. what [the CBO report] actually says is that the ACA will create 2 million job openings. No net loss, actually a big gain.

Josh Barro explains how this is good for workers:

"When an employee is dependent on his job not just for a wage but for health insurance, he is less able to threaten to leave if he doesn’t get a raise. Severing the work-insurance link strengthens the employee’s hand in bargaining — which is bad for employers and good for workers…. This helps explain why so many business owners have been apoplectic about the law."

Fascinating analysis……apparently, the ‘income inequality has never been higher’ statistic only applies to household income; individual income inequality has been surprisingly flat over the past 20 years. How could that happen? 

In other words, if rising inequality is limited to households and families and does not extend to individuals then the causes might have less to do with greedy capitalists in the American economy and more to do with other factors in the American society. These include: diminished social contact between the rich and the poor; rising divorce rates and the breakdown of families; fewer income earners in a household because of a lack of education, death or incarceration and so on.

Excerpt from article:

The Congressional Budget Office has released updated estimates on the Affordable Care Act’s impact on both the budget and the health insurance industry. The findings show that the president’s signature health care law is actually growing cheaper to implement, costing the government $5 billion less in 2014 than was previously projected. The law also is projected to cover more individuals than previously believed, owing, in part, to some broader workforce trends.

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