Friday, February 07, 2014

Squirrel! (Or Obamacare report on jobs)

The latest Squirrel issue ready for its 2 seconds of fame has to do with jobs "lost" due to the Affordable Care Act (or "ObamaCare").  People who hate it refer to the CBO (Congressional Budget Office - a fairly independent reporting group) latest numbers.
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It projects that approximately 1.5% to 2% of the labor force will leave or work less due to ObamaCare.  In the CBO's report (dry though it is), it is noted that this is because people are now less forced to stay in a job just for health insurance.
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The Republicans, in a half lie, stay this is "job killing".  It is not.  That work will still have to get done and may result in more people being employed for the same amount of work (if some workers do less).
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The Democrats, in a half lie, say this is great.  Now employees are free to leave when they want and can still afford insurance.  Sort of.  It isn't a "free" trade off.  Either the insurance companies can afford this because more "healthy" young people join insurance groups to make this affordable - or these people can retire now and get government subsidies to buy insurance.  I think it is a good thing, but it isn't a "free" trade off.
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But I digress.
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My point is that this doesn't matter.  It is a 24 hour news cycle stupid ass talking point that makes a splash until something real comes along. A squirrel moment.
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