Recently, a new report from the Congressional Budget Office (CBO) has led Republicans to support the reform of health care will actually hurt the economy. The CBO report even provides that the new legislation will reduce the amount of labor in the economy of at least half a percent.
According to The Hill , the CBO report says that 50 or more employees companies are likely to reduce wages and other allowances due to penalties for not providing health insurance for the employees. Another result of the reform could be that companies are hiring more part-time or seasonal.
Senator Mike Enzi commented, "This week, the number of unemployed Americans has reached 500,000, found the highest level in the last nine months. The CBO report confirms that the Law on health care will increase costs of labor and discourage employers from expanding their businesses and invest in their workers. "
the report even says that more people will be less motivated to work because of increased access to Medicaid and private health insurance policies subsidized.
However, the CBO said that the reform will be easier for people to purchase individual policies health insurance so people won "t have to rely on employer benefits. D other experts believe the reform of health care will be healthier and more productive Americans.
Nevertheless, it is somewhat worrying that the CBO estimates that labor amounts will actually decrease with the reform of health care when unemployment is so high.
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