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CBO: Workers to trim own hours under ObamaCare

CBO: Workers to trim own hours under ObamaCare
Posted February 5th, 2014 @ 10:56am by John Johnson, Newser Staff

(NEWSER– ObamaCare returned to the headlines today, with a Congressional Budget Office report predicting that the law would reduce the number of hours worked by Americans over the next several years a lot more than expected, reports the Hill. Figure the equivalent of 2.3 million full-time positions by 2021, says the nonpartisan CBO, up from its previous estimate of 800,000. The CBO isn't suggesting that employers are going to fire people because of the new law. Rather, most of that reduction "would come from people choosing not to work or working less in order to keep their incomes low enough to continue to get subsidies toward buying coverage," explains the Wall Street Journal.

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