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View Full Version : CBO Director Says Obamacare Would Reduce Employment by 800,000 Workers



PoliCon
02-11-2011, 08:43 AM
Testifying today before the House Budget Committee, Congressional Budget Office (CBO) Director Doug Elmendorf confirmed that Obamacare is expected to reduce the number of jobs in the labor market by an estimated 800,000. Here are excerpts from the exchange:

Chairman [Paul] Ryan: “[I]t’s been argued...that the new health care law will create jobs and increase labor force participation. But if I recall from your analysis, it was quite the opposite. Is that not the case?”

Director [Douglas] Elmendorf : “Yes.”...

[…]

Rep. [John] Campbell: Thank you, Mr. Chairman, we'll -- and Dr. Elmendorf -- and we'll continue this conversation right now. First on health care, before I get to -- before I get to broader issues, you just mentioned that you believe -- or that in your estimate, that the health care law would reduce the labor used in the economy by about 1/2 of 1 percent, given that, I believe you say, there's 160 million full-time people working in '20-'21. That means that, in your estimation, the health care law would reduce employment by 800,000 in '20-'21. Is that correct?

Director Elmendorf: Yes. The way I would put it is that we do estimate, as you said, that...employment will be about 160 million by the end of the decade. Half a percent of that is 800,000.

http://www.weeklystandard.com/blogs/cbo-director-says-obamacare-would-reduce-employment-800000-workers_547288.html

Mike Honcho
02-11-2011, 10:31 AM
What amazes me is, where was the CBO withthis when HCR was passed? All we heard about was that it would reduce the deficit some $140B, or whatever the number was.

Novaheart
02-11-2011, 12:13 PM
T

Director [Douglas] Elmendorf : “Yes.”...




Single payer on the other hand will make the labor market much better.

Single payer will allow people to go where the work is.

Single payer will allow people to start their own businesses, of any size, without putting their entire family at risk or incurring the enormous burden of individual policy insurance.

Single Payer will eliminate the Workers Comp.

Single Payer could remove redundancy from the medical delivery system and end the disparity in care between such systems as university hospitals, military hospitals, VA hospitals, and various public and quasi public manifestations while allowing private facilities to remain as expensive and exclusive as their superior clientele is willing to pay for.

djones520
02-11-2011, 02:50 PM
Single payer on the other hand will make the labor market much better.

Single payer will allow people to go where the work is.

Single payer will allow people to start their own businesses, of any size, without putting their entire family at risk or incurring the enormous burden of individual policy insurance.

Single Payer will eliminate the Workers Comp.

Single Payer could remove redundancy from the medical delivery system and end the disparity in care between such systems as university hospitals, military hospitals, VA hospitals, and various public and quasi public manifestations while allowing private facilities to remain as expensive and exclusive as their superior clientele is willing to pay for.

And your proof for any of this?

Arroyo_Doble
02-11-2011, 03:42 PM
Good Lord, they butchered that.

How many ellipses can you use before it becomes meaningless?

ralph wiggum
02-11-2011, 04:34 PM
Government-run healthcare on the other hand will make the labor market much better.

Government-run healthcare will allow people to go where the work is.

Government-run healthcare will allow people to start their own businesses, of any size, without putting their entire family at risk or incurring the enormous burden of individual policy insurance.

Government-run healthcare will eliminate the Workers Comp.

Government-run healthcare could remove redundancy from the medical delivery system and end the disparity in care between such systems as university hospitals, military hospitals, VA hospitals, and various public and quasi public manifestations while allowing private facilities to remain as expensive and exclusive as their superior clientele is willing to pay for.

Fixed. And I don't believe a word of it anyway.

Madisonian
02-11-2011, 05:58 PM
Good Lord, they butchered that.

How many ellipses can you use before it becomes meaningless?
12 last I heard.
You didn't get the memo?

Constitutionally Speaking
02-11-2011, 08:56 PM
What amazes me is, where was the CBO withthis when HCR was passed? All we heard about was that it would reduce the deficit some $140B, or whatever the number was.

They were effectively under a gag order. Just another dirty trick by the administration.

PoliCon
02-12-2011, 01:28 AM
Single payer on the other hand will make the labor market much better. BULLSHIT. Adding to the tax burden will make nothing better. Now making insurance policies PORTABLE and getting rid of stupid ridiculous government mandates would help. Take PA for example - every insurance policy must cover the same things and charge the same rate for male or female. SO never mind that men don't get pregnant - do not have to pay for pregnancy. IDIOTIC.


Single payer will allow people to go where the work is. Mexico? because there won't be work here.


Single payer will allow people to start their own businesses, of any size, without putting their entire family at risk or incurring the enormous burden of individual policy insurance. portability would do that - as would common sense reforms like getting rid of government mandates and allowing people to buy insurance across state lines. Single payer would bankrupt the economy.


Single Payer will eliminate the Workers Comp.by expanding medicaid and medicare and SSD. :rolleyes:


Single Payer could remove redundancy from the medical delivery system and end the disparity in care between such systems as university hospitals, military hospitals, VA hospitals, and various public and quasi public manifestations while allowing private facilities to remain as expensive and exclusive as their superior clientele is willing to pay for. What you fail to realize is that people here actually get it.

PoliCon
02-12-2011, 01:30 AM
Good Lord, they butchered that.

How many ellipses can you use before it becomes meaningless?
WTF are you on about? There are 3 in the whole thing - removing the extemporaneous information. Or are you being an idiot and confusing "--" with ". . ."?