The Washington Post today published a “fact check” to shed light on the false GOP claims that the Affordable Care Act would “kill” 650,000 jobs if the law remains in effect. Those claims have been widely disputed, including most prominently by the Congressional Budget Office.
According to the Post:
A recent report by House GOP leaders says "independent analyses have determined that the health care law will cause significant job losses for the U.S. economy."
It cites the 650,000 lost jobs as Exhibit A, and the nonpartisan Congressional Budget Office as the source of the original analysis behind that estimate. But the budget office, which referees the costs and consequences of legislation, never produced the number.
However, CBO’s actual analysis is vastly different than the way it was portrayed by Speaker Boehner.
What CBO actually said is that the impact of the health care law on supply and demand for labor would be small. Most of it would come from people who no longer have to work, or can downshift to less demanding employment, because insurance will be available outside the job.
"The legislation, on net, will reduce the amount of labor used in the economy by a small amount -roughly half a percent- primarily by reducing the amount of labor that workers choose to supply," budget office number crunchers said in a report from last year.
Click here to read the full story in the Washington Post.