The PJ Tatler

CBO Just Tripled Its Obamacare Damage Estimate

The non-partisan Congressional Budget Office now estimates that Obamacare will do damage equivalent to knocking nearly all of Nevada out of a job. An entire state’s worth of employment will be lost to this destructive law. Reuters reports:

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.