Is President Obama’s health reform law a job killer? Republicans seized on a new high-profile analysis of the Affordable Care Act (ACA) this week to ram home that oft-repeated talking point.
But the report, issued this week by the Congressional Budget Office (CBO), actually says something quite different: Jobs won’t be destroyed, but more Americans will choose to work fewer hours because of the ACA’s structure, which subsidizes the cost of health insurance for households with low- and middle-range incomes.
Reading between the lines, the study points to an outcome I’ve suspected all along: The ACA will create new work options for people over age 50 as they move toward retirement, because it creates opportunities to get health insurance outside the workplace.
My Reuters column today explains how the ACA creates important new health care math that should be of interest to anyone over age 50.
Steven Colbert, with Paul Krugman (who also wrote about this in his NYT column today):