Following the release of the CBO report updating Obamacare's economic impact, many - not all - right leaning pundits leapt on a morsel in the report about Obamacare's impact on jobs. The CBO estimated that between 2016 and 2024, Obamacare would cause Americans to work fewer hours - presmuably because cheaper insurance means that they wouldn't need to make as muich money and many working full time could switch to part time employment. Also, those who were retirement age, could leave the workforce because Obamacare lowered their premiums to the point they could afford to quit. The bottom line: Two million workers would leave the workforce. A distinction without a difference? Those who headlined their blogs and articles "Obamacare to cost 2 million jobs" were inaccurate. That's not what the CBO report said, as Rep. Paul Ryan demonstrated in a hearing with CBO chief Douglas Elmendorf: House Budget Chair Paul Ryan (R-WI) explained in a Wednesday hearing with CBO director Doug...(Read Full Post)