CBO Speaks: 2.3 Million Lost Jobs Due to ACA

[Yagents]

How many of them are agents?

John Harwood (king boot licker) said it's due to people losing SHOP subsidies as incomes grow. This article talks about it being due to reduction of hours.
How will the liberals spin it? Conservative spin?

CBO nearly triples estimate of working hours lost by 2021 due to Affordable Care Act

This story is developing. Please check back for further updates.

President Barack Obama's signature healthcare law will contribute to this phenomenon, CBO said, citing new estimates that the Affordable Care Act will cause a larger than-expected reduction in working hours - eliminating the equivalent of about 2.3 million workers in 2021 versus a previous estimate of an 800,000 decline.

 

[HealthGuy]

Agents are a non factor, we aren't even a number in this equation...they never talk about us anyway.

 

[timsip]

Liberals will blame the "Fat Cat Greedy Republican Supporting CEOs", conservatives will lay the blame squarely on the shoulders of Obama and all the Congresscritters that voted for or have ever shown any support for Obamacare that are up for re-election. I think it will be interesting to see how many Obamacare supporters will try to distance themselves from this law while up for re-election.

Anyone that doesn't think Obamacare is going to be the hottest issue over the next ten months is sorely mistaken. If you thought the 2012 election cycle was a contentious one, this year is going to be ugly. We are going to be seeing everyday citizens propped up on both sides being volleyed back and forth as political toys.

 

[cadylou]

I always wonder how many jobs are being lost in the insurance industry - agents, underwriters, etc. . . . .


The IRS is hiring .. . . . .they'll experience wild job growth just to handle this law and the management nightmare it creates . . . .

 

[LifeWorth]

Agents are a non factor, we aren't even a number in this equation...they never talk about us anyway.

The plight of a commission worker.

 

[Yagents]

This ole "couch potato law" will be gamed:

CBO claims PPACA will slash work hours | BenefitsPro

The health overhaul is expected to reduce the total number of hours worked by about 1.5 to 2 percent during 2017 to 2024, the CBO said in a report today. Low-wage employees may choose to give up extra hours of work to avoid losing subsidies or tax advantages under the law, the report said.

 

[hamben]

WH. Said this is good it gives people who were working 65 hour week jobs the option to work part time instead and spend more,time with the family....amazing they can say that kind of **** with a strait face.....

 

[Yagents]

Spin meisters ................more time to watch hardcore pawn

 

[AllenChicago]

WH. Said this is good it gives people who were working 65 hour week jobs the option to work part time instead and spend more,time with the family....amazing they can say that kind of **** with a strait face.....

WhiteHouse also said that the cut in hours by evil corporations should be further incentive for passing the $15.00 minimum wage. Obama will make them pay $15.00 per hour, just like he made the insurance companies his personal biches.

 

[hamben]

Breaking news.
Obama signs executive order redistributing 35 of the Seattle Seahawks points to the Denver Broncos.
“Today, most football players,” he rightly pointed out. “Field goals often isn’t enough on its own. And while the offences points has doubled over the last five years, that doesn’t help players who don’t have to work out.”
His proposed solution, “my extra points” (which name reeks of obscurantism), is just like the rest of our sport regime: It unnecessarily skims off of hard work’ so equipment companies can extract fees.

According to the White House’s policy briefing sheet, my extra points are “a new simple, safe and affordable ‘starter’ free point system.” They will provide players “a place to relax and not have to worry about losing.” (What is the appropriate risk of inadequate scoring?) It sounds basically like a point savings account — in that it’s government-insured — except that “team managers” will be able to award points whenever they want.

Time was, American players were “defined professional” that worked and played reliably. Then the 1980s happened, and everybody’s “players” started getting turned over to the strip clubs and rap music. Today the players effectively own the means of production, albeit as minority shareholders. Except, entrusting the working class’s players to free market owners or gamblers hasn’t led to actual investment in new means of points and new hiring of players (i.e., creating a winning team). Instead, the free market sector’s preferred activity is just swapping existent players in order to suck as much talent as possible out of the players for executives and major shareholders.

Because these point savings accounts arose in an age of virtually uninterrupted deregulation, the “owners” in charge of investing the player’s points do not have a fiduciary responsibility to the savers. You read that right: the owners are not legally responsible to the people whose points are being withheld for future use. There are no conflict-of-interest rules, meaning owners can “self-deal” (invest in players they themselves have shares in) and have outrageous parties, at the expense of players. The result is that nearly two-thirds (!) of points from point accounts are extracted by the “teams.” Demos estimate that a median-player could lose 200 points over a carrier.
Here’s the most offensive thing about it: We don’t actually need to save any points at all. When my generation played, we may have a shortage of points but we will not have a shortage of fun. Fun is a real thing that cannot run out.. By far the vast majority of points are just digital entries on a scoreboard, spent into existence by the team by a keystroke. If we can marshal the real resources to provide everyone with a dignified point structure, we can type the number of points they score into existence – no point-saving necessary.

That is why young people should not be fooled into thinking that football is in any danger. All That entire sport does is add entertainment to people’s accounts. The collective bargaining is effectively just an accounting mechanism, as it could completely run out, could even find its balance negative, and it would be a very peculiar bank indeed that declined a transaction from the United States Treasury.