Obamacare’s $70 billion pay cut

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This is an opinion item.

Author(s) Marc Thiessen
Source The Washington Post
Date February 10, 2014
URL http://www.washingtonpost.com/opinions/marc-thiessen-obamacares-70-billion-pay-cut/2014/02/10/f4de89d6-9259-11e3-b227-12a45d109e03_story.html
Quotes-start.png While much attention has been paid to the report’s finding that Obamacare will reduce employment by as much as 2.5 million workers, buried on page 117 (Appendix C) is this bombshell: “CBO estimates that the ACA will cause a reduction of roughly 1 percent in aggregate labor compensation over the 2017-2024 period, compared with what it would have been otherwise.” Translation: Obamacare means a 1 percent pay cut for American workers. Quotes-end.png

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This item argues for the position Act should not have been passed on the topic Patient Protection and Affordable Care Act.