Filed Under:Health Insurance, Individual Health

CBO claims PPACA will slash work hours

(AP photo/Carolyn Kaster)
(AP photo/Carolyn Kaster)

(Bloomberg) – The Patient Protection and Affordable Care Act will reduce the total number of hours Americans work by the equivalent of 2 million full-time jobs in 2017, mostly among low-wage earners, the Congressional Budget Office said.

The total number of hours worked will fall about 1.5 percent to 2 percent from 2017 to 2024 as a result of the health-care overhaul, the CBO said today in a report. The reduction is due “almost entirely” to low-wage employees who may choose to give up extra hours of work to avoid losing subsidies or tax advantages under the law, the report said.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

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