Thursday, February 6, 2014

Health-care law will prompt over 2 million to quit jobs or cut hours, a CBO report says

Health-care law will prompt over 2 million to quit jobs or cut hours, a CBO report says

More than 2 million Americans who would otherwise rely on a job for health insurance will quit working, reduce their hours or stop looking for employment because of new health benefits available under the Affordable Care Act, congressional budget analysts said Tuesday.

The findings from the nonpartisan Congressional Budget Office revived a fierce debate about the impact President Obama’s signature health-care program will have on the U.S. economy.