The New CBO Report, Explained
It would be perfectly understandable if you are confused about the latest news swirling around the Affordable Care Act.
In the past two days, a media firestorm has erupted over the Congressional Budget Office’s (CBO) updated budget forecast projecting that the Affordable Care Act will reduce the number of full-time workers by 2.3 million in 2021. Many outlets initially–and incorrectly–reported this figure as “job losses.” Today, CBO Director Douglas Elmendorf testified before the House Budget Committee and explained why those claiming the CBO report said ACA would kill jobs were wrong:
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