Michael Hiltzik is the key ObamaCare shill at the L.A. Times, and he continues to carry their water by talking about how totally awesome it is that ObamaCare will cost 2.5 million jobs over the next ten years, because, you know, CHOICE!!!!
The CBO projects that [ObamaCare] will reduce the supply of labor, not the availability of jobs. There’s a big difference. In fact, it suggests that aggregate demand for labor (that is, the number of jobs) will increase, not decrease; but that many workers or would-be workers will be prompted by the ACA to leave the labor force, many of them voluntarily.
As economist Dean Baker points out, this is, in fact, a beneficial effect of the law, and a sign that it will achieve an important goal. It helps “older workers with serious health conditions who are working now because this is the only way to get health insurance. And (one for the family-values crowd) many young mothers who return to work earlier than they would like because they need health insurance. This is a huge plus.”
The next thing you know, he’ll be saying it’s awesome that the Web site didn’t work well, because of all the subsidy money we saved.
Wait, what? He actually did say that??
[T]he problems of the healthcare.gov website reduced enrollments, cutting the government’s bill for premium subsidies.
In twenty years, I guess the argument will be that the severe deterioration of our health care system has contributed to the early deaths of millions of Americans, thus cutting down significantly on overall health care costs.
Why, there’s simply no end to the benefits of this wonderful law, comrades!